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Estonian divers have discovered a watercraft in the Baltic Sea that they believe to be one of Russia's first battle submarines, Estonian media reported. A vessel matching the Shark's description has been found at the bottom of the Baltic Sea by divers from the company Technical Diving Estonia.
Estonian divers have discovered a watercraft in the Baltic Sea that they believe to be one of Russia's first battle submarines, Estonian media reported.
The Shark, which was first launched in 1911, disappeared in 1915 at the height of World War I. It was carrying a crew of 35 at the time, whose fate has since remained unknown.
A vessel matching the Shark's description has been found at the bottom of the Baltic Sea by divers from the company Technical Diving Estonia, Delfi.ee reported.
The submarine's nose was torn by a blast, probably from a mine, the website said Wednesday, citing company representatives.
The divers were not immediately able to enter the submarine because of its diminutive size, the report said. Sailors had to be shorter than 160 centimeters in order to qualify for a position aboard the Shark.
The submarine is unlikely to survive an attempt to bring it to the surface, but divers will mount a closer examination to confirm it is indeed the Shark.
The Russian Navy has been using submarines since the late 19th century, but initially only used them for coastal defense. The diesel-electric Shark broke the paradigm, having been the first Russian submarine to pull off a torpedo attack against an enemy ship.
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Russia Launches New Ultra-Quiet Submarine for Black Sea Fleet
Russia's Ruble Dives to Record Low as Rumors of Capital Controls Spread |
The Moscow Times;01.10.2014; The Moscow Times |
Russia's Ruble Dives to Record Low as Rumors of Capital Controls Spread <br< font="">></br<>
Russia's currency dropped sharply Tuesday to new historic lows following a media report that the Central Bank was looking at the introduction of capital controls. The ruble fell to 39.71 against the dollar Tuesday, its lowest level since the currency was restructured in 1998.
Russia's currency dropped sharply Tuesday to new historic lows following a media report that the Central Bank was looking at the introduction of capital controls.
The ruble fell to 39.71 against the dollar, its lowest level since the currency was restructured in 1998, while the Central Bank's currency basket dropped to 44.36, a hair's breadth away from the point at which the regulator has said it will intervene on currency markets.
The sharp dive came after a report issued by Bloomberg news agency that quoted two unidentified officials saying that the Central Bank was discussing the implementation of restrictions on the free flow of money out of the country.
Russia abolished capital controls eight years ago in a landmark reform, but capital outflow has ballooned this year on the back of international tension over Ukraine and the imposition of Western sanctions on Moscow.
The Economic Development Ministry has said that capital outflows could reach as much as $120 billion this year, the highest level since the 2008 financial crisis and a sum equal to 6 percent of Russia's gross domestic product.
Kremlin adviser Sergei Glazyev suggested earlier this month that Russia should introduce a tax on the export of capital in a bid to stem the flood of money leaving the country.
"The mere mention of capital controls... affirms that the policy elite in Moscow is very nervous," Timothy Ash, head of emerging market research at Standard Bank, said in e-mailed comments to investors.
Vladimir Putin's (Imaginary) Bucket List |
The Moscow Times;07.10.2014; Alexey Eremenko |
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