Russian president Vladimir Putin has inspected major naval exercises in the Black Seathat have alarmed some of Russia’s neighbours and underlined its desire to project military power towards the Middle East and Mediterranean.
The world may view Russia’s Northern Sea Route, that links Europe to the Pacific, as a viable alternative to traditional sea freight lines because of economic considerations and matters of security.
Prime Minister Dmitry Medvedev has called for environmental protection along the Nord Streamnatural gas pipeline under the Baltic Sea in an article published on Friday ahead of the Council of the Baltic Sea States summit in St. Petersburg.
The Russian cruise ship Lyubov Orlova is currently adrift in the North Atlantic—with no passengers, or even a crew, aboard. The 237-passenger ship—named after a Russian movie star from the 1930s and '40s—had languished in the harbor for two years at St. John's, NL, after a cancelled cruise and a lawsuit led to its falling into disrepair, and gradually becoming a Love Boat for rats. Perhaps as a result, the ship's new owners had decided to sell the ship for scrap in the Dominican Republic, but the trip to the D.R. was doomed by a series of tow boat snafus—the last being on Jan. 24 when the tow line broke in rough seas.
Mechel buys 22 percent of Pacific port for $152 million. Vanino is port of choice for sending its goods to Asia. Mechel had bought then sold controlling stake in December.