Contents tagged with China
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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 …
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Russia to spend as much on road to China as on education
The Russian government intends to spend a similar amount on building a road to China as it will on education, according to official documents on 12 national projects and their costs over the next six years, finanz.ru reports. The country plans to spend 784.5 billion rubles (around $12 billion) on the national “Education” project, and 655 billion rubles ($10 billion) on the project “Europe – Western China”.
The Kremlin estimated its total expenditure on national projects at nearly 26 trillion …
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Swedish experts: Moscow is preparing for full-scale war
The Swedish National Defense Research Institute (FOI) stated that the Russian army is being prepared for participation in large-scale military requirements. They came to this opinion analyzing the military exercises conducted in Russia from 2009-2017.
The experts note that the Russian Federation armed forces, which had previously been involved only in local conflicts began to prepare for continuous regional wars starting back in 2009.
According to FOI, Russia considers NATO or the Chinese …
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China calls on Russia to resolve its missile conflict with the USA through dialogue
Russian President Vladimir Putin has declared Russia's withdrawal from the Intermediate-Range Nuclear Forces Treaty or INF. The United States has already begun its withdrawal from this treaty that was established in 1987.
“The USA's withdrawal from the INF treaty will lead to serious negative consequences,” said spokesperson for the Ministry of Foreign Affairs of the People's Republic of China, Geng Shuang, the Ministry's press service reports. Geng expressed Beijing’s regrets that on February …
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China refuses to finance $14 billion Gazprom megaproject
Russian officials’ attempts to get through to Chinese investors in order to enlist their support in developing the economy in the East and overcoming western sanctions are continuing to fail for the fifth consecutive year.
The new negotiations to secure a Chinese loan for the construction of Russia’s largest gas processing plant in the Amur province have ended with yet another disappointment for the Russians.
Gazprom had hoped to pay for the Amur gas processing plant, which is scheduled to …
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Polish Interior Minister urges NATO and EU to reach a unified decision on Huawei
The Polish Interior Minister, Joachim Brudziński called on the European Union and NATO to work towards a common position on whether the Chinese corporation Huawei should be excluded from their markets, RMF FM reports.
Brudziński made the statement after a Chinese citizen, a worker of the local Huawei department was arrested on charges of espionage. However, the representative of Polish Special Services announced that the charges were not directly related to Huawei.
"NATO has also concerns …
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Kazakhstan raises the price for Russian oil transit to China
Kazakhstan has increased the cost of oil transportation from Russian through Kazakhstan to China by a third, reported Tengrinews.kz with reference to the press service of the KazTransOil JSC.
“By the order of the Minister of Energy of the Republic of Kazakhstan, Kazakhstan approved the cost of transportation of oil amounting to 10 million tons per year along the Russian border - the border of Kazakhstan (Priirtyshsk) – Atasu (Kazakhstan) - Alashankou (China) route. The transportation of one …
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China rejects transition to settlements in national currency with Russia
The redirection of Russia’s economic policy to the East, announced after the annexation of Crimea and the sharp deterioration of relations with the West, has ended up as a wake-up call.
The attempt to get China involved in de-dollarization and to formalize the transition to reciprocal trade in national currencies has not been successful.
China refused to sign the intergovernmental agreement to settle in national currencies that was drafted in 2014 and already considered a “done deal” by …
