Contents tagged with China
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China refuses to share profit from joint plane venture with Russia
Russian United Aircraft Corporation (UAC) ran into problems when it attempted, in collaboration with China, to create the first Russian wide-body passenger aircraft since the times of the USSR.
Two sources close to UAC told the Russian publication Vedomosti that having agreed to split the cost of creating the CR929 airliner ($20 billion) in half, the Chinese partner, COMAC, does not want to allow Russia access to the key Chinese market allowing it to turn a profit from selling the aircraft …
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Chinese company to sue Ukraine for wrongful seizure of property
China National Building Material (CNBM) has notified the Ukrainian Justice Ministry about an investment dispute surrounding the Voskhod Solar power station in the Mykolaiv region, the Ukrainian News Agency reports.
This indicates that the Chinese company intends to file a lawsuit against the Ukrainian government if the parties cannot reach an agreement.
CNBM, which owns Voskhod Solar, claims that the company has become the object of a corporate raid and forceful property seizure by the …
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Russian Defense Minister volunteers soldier labor to build railway line to China
Desperate to find contractors for its major construction projects, the Russian government has even turned to the army.
At the sidelines of the Krasnoyarsk Economic Forum, Sholban Kara-ool, Chairman of the Tuva Republic (a Federal subject of Russia), told the Russian news agency RBC that the Kyzyl – Kuragino – China railway line will be built by soldiers.
For Tuva, the poorest region of Russia, where the GDP per capita is only half the national average, the railway line will become the first …
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China refuses to lend yuans to Russian government
The Russian government’s decision to turn to the East in its economic and foreign policy in response to western sanctions continues to face difficulties, reports finanz.ru.
The project to issue sovereign bonds denominated in Chinese yuans, which the Russian government has been discussing since 2014, has once again been delayed.
There are still none of the platforms needed for Chinese investors to use yuans to buy specially issued government bonds on the Russian market, Russian Deputy Finance …
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The US accuses two Russian ports of violating sanctions against North Korea
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury stated that they suspect two Russian ports in Vladivostok and Nakhodka of violating the sanctions regime established by the UN Security Council against North Korea.
According to the U.S. Treasury, vessels that participated in the transshipment of oil and coal to North Korean tankers visited Vladivostok and Nakhodka ports.
In addition to the two Russian ports, this scheme also involved four ports in China, four in …
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Saudi Minister of Energy: Sanctions against Russia will affect the global energy market
During a press conference, Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih said that the new sanctions against Russia can have an impact on the global energy market, RIA Novosti reported.
“Russia is a big supplier of gas to Europe and oil to China. If this happens, it will affect Europe, China and the world,” the minister said, during a press conference in Baku, where the meeting of OPEC+ Monitoring Committee․
The committee will evaluate the measures to …
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European Parliament calls Russia the primary source of disinformation in Europe
European Parliament adopted a resolution containing recommendations on counteracting propaganda. Russia is named the primary source of disinformation in Europe , according to the European Parliament website. According to the resolution, China, Iran, and North Korea are also sources of disinformation.
Four hundred eighty-nine votes support the proposal, 148 European deputies voted against, and 30 abstained.
The summary of the resolution contains three points: “to provide mechanisms for a …
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China to invest in construction of tunnel under the Baltic Sea
Helsingin Snomat newspaper reported that Chinese fund Touchstone Capital Partners decided to invest in a large-scale Finnish project, the construction of a railway tunnel under the Baltic Sea.
According to the report, China is ready to allocate 15 billion euros in stages as necessary but not in a single payment. Touchstone will invest in construction through the Chinese logistics project “One Belt, One Road” that involves the development of transport infrastructure in Eurasia.
The undersea …
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German Defense Minister: Chinese missiles threaten Russia
The German Minister of Defense, Ursula von der Leyen stated that Chinese missiles represent a threat to Russia, so Moscow should be interested in involving China in a new disarmament treaty, Focus reports.
The head of the German Defense Ministry said that Chinese medium-range missiles could easily reach Russian territory.
“Just as Russian missiles pose a threat to Europe, Chinese missiles pose a threat to Russia,” she emphasized.
According to von der Leyen, the only way to maintain security …
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Russia accuses the US of creating pretext to invade Venezuela
Russia seriously fears that the United States will use the failure of the American version of the resolution in the UN Security Council as a pretext for military intervention in Venezuela, said Vasily Nebenzya, Russia's permanent representative to the UN, during the UN Security Council meeting.
Russia’s Permanent Representative to the UN said that the United States was aware that there were no chances for the American version of the resolution to pass and used it only to get an opportunity for …