The Kilo-Class Submarine: Why Russia's Enemies Fear "The Black Hole" ( Source- The National Interest / Author- Kyle Mizokami)

Kilo class submarine ( Image credits- Wikimedia Commons / Russian Ministry of Defense)

Source- The National Interest

Author- Kyle Mizokami

Unlike the United States Navy, which went all-in on nuclear power, Russia maintains fleets of both diesel and nuclear-powered submarines. A land power encompassing much of Eurasia, Russian submarines are based much closer to “the action” than American submarines are. While Russia maintains nuclear submarines for distant ocean patrols, its fleet of diesel submarines is more than adequate for conflicts in Europe, the Middle East and the Russian near abroad.

The mainstay of the Russian Navy’s conventionally powered fleet are Project 877–class submarines, known as the Kilo class to NATO and the West. Nicknamed the “Black Hole” submarine by the U.S. Navy, the Improved Kilos are extremely quiet. The class has been built more or less continuously for thirty years, a testament to their effectiveness at sea............. ( Now click here to read the complete article)

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Devaluation and Despair: Breaking Down China's Currency Dilemma ( Source- The National Interest / Author- Gordon C. Chang)

Source- Wikimedia Commons / Author- JesseW900 Source- The National Interest Author- Gordon G. Chang On Friday, the People’s Bank of China (PBOC), the Chinese central bank, reversed course and set the renminbi on an upward path. That followed three straight days of devaluation that shook global stock, currency, and commodity markets, sending them downward. Friday’s reversal looks responsible. Nonetheless, the PBOC’s actions last week show policy disarray in the Chinese capital. The net result is that Beijing rattled the world, ruined its reputation for stable management, and did almost nothing to help China’s faltering economy. The daily devaluations follow months of government statements that the central bank would keep the currency stable. Every trading morning, 15 minutes before the 9:30 opening bell, central bank officials announce the day’s reference rate against the U.S. dollar. The renminbi, informally known as the yuan, is then allowed to rise or fall 2...

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