Latest News for: Russia financial

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Western sanctions are good for Moscow economist

Beijing News 08 Aug 2022
The economic war unleashed by the West against Russia has backfired and may bring the country much good, former Wall Street financier Michael Hudson has told the German news outlet Junge Welt. "The West's sanctions are great for Russia ... "Instead of importing German cars, Russia is turning to China to develop its own automotive industry.
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Western sanctions are good for Moscow – economist

Russia Today 08 Aug 2022
The economic war unleashed by the West against Russia has backfired and may bring the country much good, former Wall Street financier Michael Hudson has told the German news outlet Junge Welt. “The West's sanctions are great for Russia ...Instead of importing German cars, Russia is turning to China to develop its own automotive industry.
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Turkish banks adopting Russian payment system Mir - Erdogan

Sott 08 Aug 2022
Payment in rubles will be a source of financial support for both Russia and Turkey, he said, adding the central bank governors of the two countries ...
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Putin bans oil companies, banks from exiting Russia

Business Day 08 Aug 2022
Exxon and other foreign shareholders in the Sakhalin-1 oilfield won’t be allowed to dispose of their holdings until year-end as part of measures “to protect national interests,” according to a decree published on Russia’s legal database ... Many foreign bank units still remain in Russia, including UniCredit, Raiffeisen Bank International and Citigroup.
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Costs of exorbitant privilege

China Daily 08 Aug 2022
At this time of challenging political and economic instability, it is necessary to pay attention to the role that the United States plays in the international monetary and financial system and the repercussions of its actions on other countries ... The rate contradicted the expectations of the financial market, which projected growth of 0.5 percent.
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Future of China’s Belt and Road lies in Middle East

Asiatimes 08 Aug 2022
Remarkably, this investment strategy is now turning away from traditional countries like Russia and African nations to focus on Saudi Arabia and the Middle East ... The Financial Times reported last month that BRI spending in Russia dropped to zero, with no new deals taking place in the first half of 2022.
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Future of China’s Belt and Road lies in the Middle East

The Arab Weekly 08 Aug 2022
Remarkably, this investment strategy is now turning away from traditional countries like Russia and African nations to focus on Saudi Arabia and the Middle East ... The Financial Times reported last month that BRI spending in Russia dropped to zero, with no new deals taking place in the first half of 2022.
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Explainer: Why Kenya's Presidential Election is Important

Voa News 08 Aug 2022
Kenyans are voting Tuesday to choose a successor to President Uhuru Kenyatta after a decade in power ... He seeks greater agricultural productivity and financial inclusion ... Kenyans have been hurt by rising prices for food and fuel in the wake of Russia's invasion of Ukraine, and that comes after the financial pain of the COVID-19 pandemic ... .
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Beirut’s port blast two years on: An open wound festers as authorities try to close ...

Egypt Independent 08 Aug 2022
It was 6.07 pm ... An entire population was instructed to move on ... Since the explosion, Lebanon’s financial tailspin, which began in October 2019, has continued. The country is in the throes of a bread crisis, in part because of the fallout from Russia’s invasion of Ukraine, but also due to Lebanon’s infrastructural and financial decay.
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Around 30% of Western weapons make it to Ukrainian troops media

Beijing News 08 Aug 2022
Ukraine insists that it tracks each and every weapon that crosses its borders, with Yuri Sak, an adviser to Defense Minister Alexey Reznikov, telling the Financial Times last month that reports to the contrary "could be part of Russia's information war to discourage international partners from providing Ukraine with weaponry.".
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70% of Western weapons sent to Ukraine dont reach troops CBS

Beijing News 08 Aug 2022
Ukraine insists that it tracks each and every weapon that crosses its borders, with Yuri Sak, an adviser to Defense Minister Alexey Reznikov, telling the Financial Times last month that reports to the contrary "could be part of Russia's information war to discourage international partners from providing Ukraine with weaponry.".
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Why a Blockade of Taiwan Would be Disastrous for China

The Maritime Executive 08 Aug 2022
While the resource sector would be crippled, it is a relatively small employer and the loss of export revenue could be covered by financial markets, at least for a short period ... The global impact of the loss of trade through the Taiwan Strait would be incomparably greater than that flowing from Russia’s war in the Ukraine.
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Erdogan’s diplomacy with Russia alarms West – FT

Russia Today 07 Aug 2022
Western officials are “increasingly alarmed” that Turkey, a NATO ally and prospective EU member, is deepening its cooperation with Russia, the Financial Times has reported ... Six unnamed Western officials told the newspaper that they were “concerned” about the plans of Russia and Turkey to cooperate on trade and energy.
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Winter is coming: And it’ll test EU unity against Russia | Mint

Live Mint 07 Aug 2022
Russia has been cutting gas supplies to the EU as a retaliatory measure against the sanctions that the West has slapped on it and the financial and military aid it is providing Ukraine ... It is increasingly beginning to seem that EU leaders overplayed their hand in declaring an unprecedented economic and financial war with Russia.
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Russia moves to shield economy from unfriendly states

Beijing News 07 Aug 2022
Russia has introduced a range of measures to shield its financial and energy sectors from the actions of so-called "unfriendly" countries and organizations ... participation in the Sakhalin-1 oil and gas project in Russia's Far East.

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