President Putin and Defense Minister Shoigu have been briefed on the detention
Russian Deputy Defense Minister Timur Ivanov has been arrested on suspicion of bribery, the country’s Investigative Committee announced on Tuesday.
Russian President Vladimir Putin and Defense Minister Sergey Shoigu have been briefed on the arrest, Kremlin spokesman Dmitry Peskov told the media.
Earlier on Tuesday, Ivanov took part in an extended ministerial meeting led by Shoigu that included numerous senior Russian officials and top military commanders.
While the Committee effectively provided no details about the affair, it said that Ivanov is suspected of taking bribes on a large scale. According to the relevant clause in the Russian penal code cited by the Committee, such bribes involve sums of at least 1 million rubles (over $10,500). If found guilty, Ivanov could face up to 15 years behind bars.
Ivanov has been long involved in the country’s energy and construction sectors and has worked at several high-profile state-owned companies. He led the military construction contractor Oboronstroy, a company whose primary purpose is building residential homes for servicemen, between 2013 and 2016. He was then appointed to his current post where he oversees military construction within the ministry.
The US military is facing a "historic challenge" as it attempts to counter Iran’s vast arsenal of “low-cost” drones and ballistic missiles, says a new report.
Nearly two weeks into the US aggression against the Islamic Republic, Tehran has managed to significantly strain American military inventories, Bloomberg reported, citing military experts and Pentagon officials.
The American publication wrote that US forces have been forced to dig deep into inventories of expensive, hard-to-replace interceptors to counter the Iranian barrage.
It stated that the US and its Persian Gulf allies have fired over 1,000 Patriot PAC-3 interceptors—nearly double the annual production capacity of these weapons.
“The United States led the long-range precision strike revolution, and this is the first war where we’re seeing the adversary have that kind of capability,” Bloomberg quoted Kelly Grieco, a senior fellow at the Stimson Center.
“It’s putting stress on the system that we haven’t seen before,” Grieco ...
The financial fallout from the US-Israeli war of aggression on Iran is sending ripples through the global economy, with experts warning of significant price hikes.
Reports published early on Monday brought a stark wake-up call for British markets. The FTSE 100 plummeted by nearly 200 points, a drop of roughly 2%. This downturn was mirrored across Europe, with Germany's DAX index suffering a 2.3% loss.
Esteemed economist Philippe Aghion said the conflict is projected to dampen worldwide economic expansion.
Aghion told RTL radio that a protracted conflict could usher in a period reminiscent of the 1973 oil crisis.
The Nobel laureate outlined a scenario where the fighting drags on for weeks, driving oil prices beyond $150 per barrel and triggering rampant inflation. Such a situation, he noted, would necessitate a unified economic response from Western nations, including the United States and Europe.
“An extended and broadening conflict will undoubtedly hinder global expansion,” Aghion ...
An Iranian military commander says the United States and Israel can no longer start a war whenever they wish and end it at any time, asserting that “there is no end to this war.”
In a message released on Monday, commander of Iran’s Khatam al Anbiya headquarters Major General Ali Abdollahi reacted to recent remarks by US President Donald Trump who told Republican lawmakers at his golf club near Miami, “I think you’ll see it’s going to be a short-term excursion.”
Abdollahi condemned the US-Israeli aggression, which was initiated on February 28 in violation of all international laws and human rights standards by assassinating the former Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and several commanders, and killing many civilians.
“Today, it is no longer the case that the United States and the Zionist regime can start a war against us whenever they wish and end it whenever they choose,” he said.
He stressed that Iran has never been “the initiator of any war ...
