Contents tagged with Russia
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Ukraine among top 3 countries in terms of damage inflicted to Russia's economy
Restrictive measures imposed against Russian products abroad caused a damage of $6.3 billion (expert evaluation) to the Russian economy, according to the report published on the website of the Russian Ministry of Economic Development.
It follows from the presentation prepared by the ministry that the European Union took the first place in terms of the number of restrictions imposed on Russian goods. Next come Ukraine, India, Belarus, Turkey and the United States.
Nevertheless, the picture …
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Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US
Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.
According to a review by the Joint Organizations Data Initiative or JODI, in December 2018, the United States produced an average of 11.66 million barrels of oil per day. Russia now produces 10.74 million barrels per day while Saudi Arabia dropped into third place at 10.64 million barrels per day.
Meanwhile, experts of ITI Capital Ltd. said that …
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Lithuanian Foreign Minister calls on Europeans to step up the fight against Russian propaganda
Lithuanian Foreign Minister Linas Linkevičius stated in an interview with the newspaper Neue Osnabrücker Zeitung that EU countries should make greater efforts to fight against “Russian propaganda” and prepare for an information war with Russia.
The Minister asserted that the West “still underestimates Russia’s informational influence” while Eastern European countries are not the only ones under “Moscow’s attack.” Linkevičius called for the continuation of a strict sanctions policy against …
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Moldova complains to UN about Russia’s failure to provide access to Moldovan pilots released from Taliban captivity
The Moldovan Ministry of Foreign Affairs and European Integration wrote on Facebook that Moldovan authorities complained about Russia to a number of international organizations.
The reason for the appeal was the “unacceptable actions” of the Russian Federation against two Moldovan pilots Lionel Buruiana and Mihail Crihan, who was captured by the Taliban in Afghanistan and released with the assistance of Igor Chaika, a member of the council of All-Russian public organization “Business Russia”. …
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Russia delays production of 'Boeing competitor' due to US sanctions
Russia has been forced to postpone the serial production of the passenger plane MS-21 due to US sanctions, TASS reports, citing Rostec director Sergey Chemezov.
“In connection with the fact that the Americans have stopped the supply of composite materials, we are transitioning to our own composite materials,” he said. As a result, the deadline for launching serial production of the MS-21 has been “shifted slightly” to the end of 2020. Earlier it was expected that the first planes would be …
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Kremlin: Russia lost over 6 billion dollars due to sanctions
Russian export companies lost 6,300 billion dollars due to economic sanctions from the West, reports Russian news agency Interfax, citing a report by the Ministry of Economic Development of Russia. This figure is based on the department's experts’ data collected at the end of 2018.
The report notes that the European Union is a leader in the number of restrictive measures in respect of Russian goods. It has implemented exactly twenty-five sanctions. In the second place is Ukraine, which …
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Former US ambassador urges American businessmen to leave Russia immediately
The arrest of the US citizen Michael Calvey, founder of Baring Vostok, the largest direct investment firm in Russia, should be perceived as a signal for all American businesses that continue to operate in Russia, believes Michael McFaul, former US ambassador to Moscow.
According to McFaul, the incident with Calvey, who has been sent to a pre-trial detention center for 2 months due to a corporate conflict surrounding Vostochny bank, shows that it’s time for Americans to close up shop in …
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Iran asks Russia for $5 billion
The Iranian parliament approved a decision to borrow $5 billion from Russia in a session on Sunday.
According to MehrNews, the Iranian lawmakers voted for amendments to the budget law which would include Russian money on the list of state revenue sources for the coming financial year, which will begin on 21 March (the year 1398 according to the Persian calendar).
The funds will be allocated to infrastructural projects, including nuclear energy, electrical energy, railway transport, as well …
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United Arab Emirates buys Russian Kornet and Pantsir missile systems
The United Arab Emirates has signed a contract with Russia for the purchase of Kornet-E anti-tank missile systems and Pantsir anti-aircraft missile systems, UAE Brigadier General Mohammed Hassaini stated at the international exhibition of weapons and military equipment IDEX in Abu Dhabi.
“The cost of the contract amounted to 146.92 million dirhams ($ 39.7 million) and more than 45 million dirhams ($ 12.1 million) for Kornet-E and Pantsir, respectively,” TASS quoted the general as saying. He …
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Kyiv: Ukraine insists on a permanent international mission in the Kerch Strait
Ukraine insists on a permanent observation mission in the Kerch Strait, and Russia does not agree with this, Interfax Ukraine quoted Ukrainian Foreign Minister Pavlo Klimkin as saying.
“We are now talking about making this mission permanent and observing both from space and from water in order to know exactly what Russia is doing and not doing there... We need to get a permanent mission. Russia refuses it,” the minister told reporters in Munich.
The Ukrainian Foreign Minister noted that he …