Russia-China to Cooperate on Lunar Space Station

On February 11, the Kremlin formally authorized the Russian space agency, Roscosmos, to sign a memorandum of understanding with the Chinese government to cooperate on the development of an international lunar space station. The authorization arrived days after it was reported that talks had commenced on the basis of “mutual interest” in the lunar base. The China National Space Administration is planning to build a research station on the ...

Russian State Fund Seeks to Acquire Mobile Division of LG Electronics

On February 16, the Korea Times reported that Russia’s sovereign wealth fund, the Russian Direct Investment Fund (RDIF), had expressed an interest in acquiring the mobile division of South Korea’s multinational electronics company, LG Electronics. RDIF’s acquisition of the unit could offer Russia a long-sought-after pathway to producing its own smartphone for the domestic market. Although an indigenous product has not yet found commercial ...

Greek-Russian Businessman with Ties to Kremlin Acquires Control of Thessaloniki Port in Greece

On February 2, it was reported that Ivan Savvidis, a high profile businessman with dual Russian-Greek citizenship and connections to the Kremlin, entered into an agreement to acquire a controlling 67% stake in South Europe Gateway Thessaloniki (SEGT) from Deutsche Investment Equity Partners (DIEP). SEGT is a Cyprus-based holding company that is the largest direct shareholder of the Thessaloniki Port Authority (TPA), the operator of ...