The system of the use of mineral resources based on the Product-Sharing Agreement is the only way to set the economy of the Far East of Russia in motion, Russian Economy Minister German Gref announced at a meeting with journalists in the Sakhalin region today. In addition, this agreement will allow for the usage of a more efficient processing of mineral resources on the Sakhalin Island. The minister stressed that $2 billion will be allocated within the framework of the Sakhalin-2 project for the construction of a liquid gas processing factory. Large Russian companies are expected to participate in this project.
By summer, the Russian army may break through Ukrainian defences, reach Odessa and liberate Transnistria. The West will only “condemn” Russia's actions and continue supporting Chisinau in words