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The Russian navy’s “Pyotr Veliky” needs extensive modernization, according to Moscow-based expert.

After a decade with plenty of jobs, unemployment in Norway takes an upturn. 

Military forces in the Arctic will be strengthened with a naval fighter regiment and an anti-aircraft regiment by the end of 2015, Russia’s Defense Minister Sergey Shoygu says.

Regular military relations between Norway and Russia have been halted for more than a year, but the two countries’ Coast Guard Services continue cooperate on protection of borders and resources in the Barents Sea. 

Raw material prices plummet, but Russian mining and metallurgy companies still boost profits.