Contents tagged with USA
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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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Kremlin: there are no prospects for normalizing relations with the US
Russian presidential aide Yuri Ushakov stated that there are no prospects for normalizing the relationship with the US for now, reports Interfax-Ukraine.
“In my opinion, everything is already bad. Prospects are not being considered for now,” said Ushakov responding to a question if a new series of sanctions will worsen Russian-American relations, or things can’t get worse.
He added that Moscow’s reaction to the possibility of new American sanctions would follow after analysis.
“We will …
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Volker: Russia does not want to discuss Donbas situation during Ukrainian elections
US Special Representative for Ukraine Kurt Volker said that Moscow is not showing any interest in arranging a meeting between Russian Presidential Aide Vladislav Surkov and himself or in taking action to resolve the conflict in the Donbas during the presidential campaign in Ukraine.
“We are always in favor of meeting and talking. Russia is not showing any interest or progress whatsoever in this regard. In fact, they said that they don’t want to do anything during the presidential elections,” …
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Russia’s biggest American investor placed under 2 month arrest in Moscow
Russia’s legal system continues to dampen the country’s already troubled investment climate.
Michael Calvey, founder of Baring Vostok, the largest direct investment fund in Russia with more than 80 projects and $3 billion in capital invested in the Russian economy, was arrested by the Basmanny District Court of Moscow on Saturday and sent to a pre-trial detention center for two months.
A graduate of the University of Oklahoma and the London School of Economics and Political Science, Calvey …
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Erdogan: Turkey will not cancel S-400 deal with Russia despite US pressure
President of Turkey, Recep Tayyip Erdogan, announced that Turkey will proceed with the purchase of Russian S-400 anti-aircraft missile systems, despite the United States pressure, reports the Hurriyet Daily News.
"We have concluded our deal with Russia on the S-400. Thus, there can be no question of its cancellation. Everything has been decided," said Erdogan said.
At the same time, he noted that Turkey remains open for the purchase of the U.S Patriot system, but only under certain …
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Kremlin: Russia starts developing intermediate-range ground-based missile
Russia has started developing an intermediate-range ground-based missile, said Russian Deputy Foreign Minister Sergey Ryabkov during a panel session of the 55th Munich Security Conference.
“Russia has begun the scientific and technical and development work in this regard, just like the US,” he said.
Ryabkov noted that, on 2 February, Russian President Vladimir Putin said that Russia will not deploy short or intermediate-range missiles anywhere until American missiles appear there.
“The US …
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Russia tests nuclear power engine for its new Burevestnik cruise missile
The nuclear power unit for Russia’s subsonic Burevestnik cruise missile successfully passed testing at one of the country’s testing ranges in January, which means that the Burevestnik missile will have a virtually unlimited flight range, TASS reports, citing a source in the missile construction sector.
“In January at one of the testing ranges, the most important stage of testing for the Burevestnik subsonic missile system was successfully completed – the testing of the nuclear power unit,” the …
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Merkel: I support Poroshenko, but Nord Stream 2 is also important
At the Munich Security Conference, Federal Chancellor of Germany Angela Merkel stated that Ukraine should remain a gas transit country even though Germany will not rule out the potential for a direct gas link to Russia, Interfax-Ukraine reports.
"Ukraine should remain a transit country. Other gas pipelines will also continue to exist... On one hand, I support Poroshenko. On the other hand, the issues related to Nord Stream 2 remain important for me,” the German Chancellor stated.
Merkel noted …
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Ukrainian President : Kyiv hopes to receive various types of weapons from Washington
At a meeting with US Vice President Michael Pence, during the Munich Security Conference, the Ukrainian President Petro Poroshenko stated that Ukraine hopes to receive various types of weapons from the US.
“We had a very detailed meeting with the vice president. He stressed at the outset that Ukraine is a reliable strategic partner of the United States. We firmly hope for cooperation, including in the area of defense, for the supply of all types of weapons to Ukraine,” he said commenting to …