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Russia to lease out far east to China
Russia is prepared to lease out another million hectares of agricultural land in the Far East in the hope of attracting investments and increasing the region’s income.
According to the South China Morning Post, such a suggestion was put forward by Valery Dubrovsky, investment director of the Far East Investment and Export Agency.
Dubrovsky said that the land will be open to foreign investors, and that Russia is counting primarily on demand from Chinese farmers, who may be interested in …
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Ukraine considers stopping bus transportation to Russia
Following large-scale restrictions on railway transit with Russia, representatives of the Ukrainian president in the annexed Crimea offered to stop bus transportation service as well, according to First Deputy Permanent Representative of the President of Ukraine in the Autonomous Republic of Crimea Izet Gdanov, RBC-Ukraine reports.
He stated that the Office of the President of Ukraine in the Crimea supports the initiative of the Ministry of Infrastructure to end railway communication with the …
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Kremlin calls new US sanctions unlawful
The US sanctions against Russia that will come into force on August 22 are unlawful. They negatively affect international trade, Russian President’s press secretary Dmitry Peskov told Kommersant FM radio. He also stressed that “such restrictions will certainly affect the entire international trade.”
“We are aware that the bill has been prepared. We are familiar with the content of the bill. It has been published on their internet resources. We have carefully studied it and we consider that it …
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Russian government bonds depreciate to a 5-year record low
Neither the stabilization of developing markets nor the attempts to strengthen the ruble have been able to halt the collapse of Russian government debt on the market, finanz.ru reports.
At the end of trading last Thursday, the Russian Government Bond Index (RGBI) fell another 0.3 points, reaching a low since February 2017 – 134.59 points.
Federal Loan Bonds (OFZs) depreciated on the Moscow Exchange for 12 consecutive days, something which the market has not seen in more than 5 years. Only in …
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Berlin: Ukraine should modernize its gas transportation system to remain a transit country
Ukraine must ensure long-term transit of gas through its territory by modernizing its gas transportation system (GTS), said the official government representative Steffen Seibert at a briefing in Berlin, reports Ukrinform.
“Ukraine should reform its gas transit system in order to create conditions for the long-term transit of gas,” said Seibert.
He did not disclose the details of the conversation between German Chancellor Angela Merkel and the President of the Russian Federation Vladimir …