- “Trust towards Cyprus as a safe place for placing money will be reduced to zero,” he told the Interfax agency Anatoly Axanof, MP and president of the Association of Regional Banks of Russia.
(…)Forbes also relies on estimates of the financial press upon which the deposits of individuals from Russia to Cyprus ranging from 8 to 35 billion euros.
“The Russians lost in a day up to 3.5 billion euros,” the magazine [...]
the flight of capital from French banks and people are beginning to notice that actually, ultimately, the euro is not just doomed in the Mediterranean, but it is going to be impossible for France and Germany to stay together inside the same economic and monetary union.
Russia sends navy squadron to Mediterranean amid official talk about possible evacuation of Russians from Syria
MOSCOW — The Russian Defense Ministry says a navy squadron has set off for the Mediterranean on a mission that comes amid official talk about a possible evacuation of Russians from Syria.
The ministry said Tuesday that the squadron will rotate the navy ships that have been in the area since November. Russia’s base in the [...]
The IDF shot down a foreign drone that had penetrated deep into Israeli airspace on Saturday afternoon.
After an initial investigation, military officials said the unmanned aerial vehicle did not come from the Gaza Strip, leading the army to consider the possibility that it originated in Lebanon. Hezbollah has flown drones into Israeli airspace a few times in the past, though not for several years.
IDF Spokesperson Yoav Mordechai said that the [...]
Moscow is sending three large landing ships with marines aboard to a Russian naval facility in the Syrian port of Tartus, Russian news agencies quoted a source in the general staff as saying on Friday.
The source said each ship would have up to 120 marines on board and that the vessels, already in the Mediterranean, would arrive in Tartus by the end of this week or early next week.
There have [...]
Commander of the Russian Navy Vice Admiral Viktor Chirkov says his country’s naval base in the western Syrian port of Tartus may be evacuated if it comes under attack and the lives of the personnel are put at serious risk.
“I am not the one to issue orders: We have the defense minister [for that],” state-run RIA Novosti news agency quoted him as saying in an interview with Ekho Moskvy Radio [...]
“Russia has sent a naval flotilla of seven warships led by an anti-submarine destroyer to its Syrian base at Tartus, according to Interfax news agency.
According to sources cited by Interfax, the ships were carrying marines on a training mission, as well as food and fuel for the maintenance and repair base.
BBC diplomatic correspondent Jonathan Marcus says that, by any standards, the flotilla is a significant naval deployment.
He says Moscow appears [...]
All eyes will be on Greece as it elects new leadership that may or may not be good for the country’s prospects for staying in the euro.
But the biggest election this weekend will not be in Greece, writes Art Cashin, UBS Director of Floor Operations.
Cashin says you need to look across the Mediterranean for the real action that will determine U.S. policy in the Middle East over the next few years.
“The most important election this weekend [...]
Remember our post yesterday about your public servant Al Armendariz, regional director of the Environmental Protection Agency, who voiced his agency’s “philosophy of enforcement” in service to America?
“I was in a meeting once and I gave an analogy to my staff about my philosophy of enforcement… I’ll go ahead and tell you what I said: It was kind of like how the Romans used to … conquer villages in the [...]
Sen. James Inhofe (R-OK) took to the Senate floor today to draw attention to a video of a top EPA official saying the EPA’s “philosophy” is to “crucify” and “make examples” of oil and gas companies – just as the Romans crucified random citizens in areas they conquered to ensure obedience.
Inhofe quoted a little-watched video from 2010 of Environmental Protection Agency (EPA) official, Region VI Administrator Al Armendariz, admitting that [...]
Mr Assad’s days are likely numbered, and Syria’s next government may not be favorably disposed toward Moscow.
So where can Russia turn to maintain a Mediterranean base for its navy? How about Greece? Political officials in Germany and other core EU countries should take note.
The long-term effects of austerity on Greece’s economy, and the public resentment that comes with it toward Germany and European institutions, could change the terms of [...]
‘U.S. provoking China and Russia in Mediterranean’
Tehran Times International Desk
TEHRAN — The United States is at the risk of a war with China and Russia as its main objective behind engineering the Libyan war and Syrian unrest is to remove the two major powers from the Mediterranean, a senior former U.S. official has warned.
“Washington is all for invading Libya and is [...]
via ABC News:
One week after an international military coalition intervened in Libya, the cost to U.S. taxpayers has reached at least $600 million, according figures provided by the Pentagon.
U.S. ships and submarines in the Mediterranean have unleashed at least 191 Tomahawk cruise missiles from their arsenals to the tune of $268.8 million, the Pentagon said.
U.S. warplanes have dropped 455 precision guided bombs, costing tens of thousands of dollars each.
A downed Air Force F-15E [...]
After the focus last week was on the Red Sea, where Kearsarge and Enterprise had attempted to block off the Iranian warships, now that the Iranian ships have passed into the Mediterranean, LHD 3 Kearsarge is hot on their heels, and will likely pass the Suez any minute. At the same time the Enterprise has joined the recently redeployed CVN 70 Carl Vinson, both [...]
CAIRO â€“ Suez Canal officials say two Iranian naval vessels are expected to start their passage through the strategic waterway early Tuesday.
Canal officials say the ships are expected to pay a fee of $290,000 for the crossing. The officials spoke on condition of anonymity because they aren’t authorized to speak publicly about the matter.
If the ships make the passage, it would mark the first [...]