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Russia plans base in Abkhazia, drawing criticism from Georgia

Mint Mumbai

|

October 06, 2023

Russia has signed a deal for a permanent naval base on the Black Sea coast of the breakaway Georgian region of Abkhazia, the Izvestiya newspaper reported, prompting criticism from Georgia which said the move was a "gross violation" of its sovereignty.

Russia plans base in Abkhazia, drawing criticism from Georgia

Russia's Black Sea Fleet, based in Sevastopol on the Crimean peninsula which Moscow annexed from Ukraine in 2014, has been repeatedly targeted by Kyiv's forces since the 2022 Russian invasion of Ukraine.

A day after he met President Vladimir Putin, Aslan Bzhania, the self-styled president of Russian-backed Abkhazia, said on Thursday that an agreement had been signed for a permanent naval base in the Ochamchira region.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Bank-funded acquisitions won't displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Air India lobbies to use airspace over China's Xinjiang

India-China flights resumed after a five-year hiatus.

time to read

1 mins

November 20, 2025

Mint Mumbai

Nitish Kumar to take oath as Bihar CM

JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

Mint Mumbai

Govt eyes post-cut GST revenue surge

FinMin expects Nov GST receipts growth to rebound to 10%

time to read

2 mins

November 20, 2025

Mint Mumbai

PayMate pulls plug on West Asia operations

The Visa-backed B2B payments firm is scrambling to raise more funds

time to read

2 mins

November 20, 2025

Mint Mumbai

Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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