Contents tagged with China
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Huawei to develop a 5G network in Russia
The Chinese company Huawei and Russian largest mobile operator MTS signed an agreement on the development of 5G technologies and pilot launches of fifth-generation communication networks in Russia in 2019-2020, reports RBC news agency with a reference to a press-service of MTS.
The agreement was concluded in the Kremlin in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping.
Two companies plan to introduce 5G and IoT (Internet of Things) technologies and …
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Chinese investors flee Russia
China is continuing to reduce its investments in Russia, despite Russian officials’ attempts to bring the country’s economic policy back to the East, finanz.ru reports.
By the end of 2018, China’s total direct investments in Russia had fallen by 24%, from $3.59 billion to $2.62 billion, according to statistics published by the Bank of Russia on 30 May.
Over the year, Chinese investors withdrew another $969 million from the real sector of the economy. 80% of this amount, $774 million, resulted …
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China to test a new batch of Russian S-400 missile systems
After the destruction of Russian S-400 missiles that were damaged during transportation, China will test the new weapons that were delivered instead of them.
TASS reported, citing its military-diplomatic source, that the test launches of the S-400 Triumph missiles will be made at one of the Chinese testing ranges in early June. It is planned to launch two rockets at ballistic and aerodynamic targets as in the previous year.
Earlier, the CEO of the Russian State Corporation Rostec Sergey …
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Russia summons Spanish ambassador over ‘old enemy’ remark
Spanish Ambassador to Moscow Fernando Valderrama has been summoned to the Russian Foreign Ministry over a comment made by acting Spanish Foreign Minister Josep Borrell.
In an interview with El Periodico, Borrell mentioned Russia only once, while talking about changes in the world. “A lot has changed. Our ally (the US) is turning its back on us. Our old enemy, Russia, is once again asserting itself and posing a threat, and China is becoming a rival,” he said, adding that in such a situation …
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Russia considers adopting cryptocurrency to bypass sanctions
Venezuela’s example of trying to bypass US sanctions using its own national cryptocurrency, the “petro”, has proved to be contagious.
The Russian government is now prepared to consider creating a national gold-backed cryptocurrency, said Elvira Nabiullina, head of the Central Bank of Russia, during a meeting of several parliamentary committees, reports finanz.ru.
Such a cryptocurrency is needed for BRICS countries to make payments on arms contracts, explained Vladimir Gutenyov, First Deputy …
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Russia’s largest petrochemical project declared unprofitable
The Russian oil company Rosneft has abandoned its plans to invest in the Eastern Petrochemical Complex (EPC) in the Far East, the company’s first vice president Pavel Federov said in a conference call, finanz.ru reports.
The $12 billion project, which was meant to be built in Primorsky Krai and become Russia’s largest petrochemicals cluster, was found to be unprofitable.
The complex, which was expected to include oil refineries with a total annual capacity of 12 million tons and 3.4 million …
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Kremlin: China is interested in increasing gas supplies from Russia
The Chairman of the Management Committee of Russian energy company Gazprom, Alexey Miller, on the air of the program “Moscow. Kremlin. Putin " said that Gazprom’s Chinese partners from the state-owned oil and gas company the China National Petroleum Corporation (CNPC) show great interest in increasing the supplies beyond the volume agreed in the thirty-year contract, reports news agency TASS.
The current contract for the supply of Russian gas to China through the Power of Siberia pipeline, …
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Kremlin: Russia is ready to negotiate nuclear disarmament
Russian Presidential Aide responsible for international affairs, Yuri Ushakov, commented on the United States President Donald Trump’s statements, who urged Moscow and Beijing to abandon nuclear weapons, and noted that, the U.S. themselves would like to reach such agreement.
“First of all, it is necessary to carry out what remains (the existing agreements),” RIA Novosti quoted Ushakov’s view expressed in the program “Moscow. Kremlin. Putin "on the TV channel Russia 1.
According to the …
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Kremlin: China complies with anti-Russia sanctions but does not support them
Despite the fact that China has joined the anti-Russian sanctions, it does not support them, said Kremlin spokesperson Dmitry Peskov in an episode of “Moscow. The Kremlin. Putin” on the TV channel Russia-1.
“Many Chinese banks and economic structures have been forced to observe the same restrictions that are applied by the Americans and other countries, because we still live in the century of interdependent economics. This is why, of course, caution is quite often exercised by our Chinese …
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Putin and Lukashenko discussed contaminated oil supply from Russia
At the “One Belt, One Road” summit in China, Vladimir Putin announced that he had discussed the low-quality oil supply situation with his Belarusian counterpart Alexander Lukashenko.
The president said it was necessary to conduct an investigation, not ruling out the involvement of Russian law enforcement and special services if the internal corporate investigation is not enough. “First of all, it is necessary to conduct an investigation at the level of Transneft itself, and to identify the …