Contents tagged with China
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US may impose new sanctions on Russia for attempting to influence US voters
Foreigners were unable to interfere with the counting of votes during Congress’s interim elections, but several countries did conduct cyber operations against the US ahead of the elections.
According to a report published by US National Intelligence on December 21, these countries were Russia, China and Iran, which attempted to influence voters’ opinions by spreading misinformation on popular social networks.
US National Intelligence Director Dan Coats said that these campaigns were …
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Media: Russia is trying to include China in the negotiations on Intermediate-Range Nuclear Forces Treaty
Russia has asked China to take part in negotiations on Intermediate-Range Nuclear Forces Treaty, reported Nikkei, citing sources familiar with the situation.
According to the news agency, the proposal was given in October, and “apparently, Beijing did not reject this idea.”
A source close to the Russian government told the agency that Russian president Vladimir Putin might have touched on the topic of inviting China to the negotiations in a short conversation with US President Donald Trump in …
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China wants to buy Siberian river water from Russia
China is hoping to solve its water deficit in a number of regions with Russia’s help. The Chinese Association for Exchanges and Collaboration between Russia, Eastern Europe, Central Asia and China has already sent the corresponding letter to Russian Prime Minister Dmitry Medvedev.
One of the options proposed by China is an intergovernmental project to divert water from Russia’s Altai Krai to western China through Kazakhstan. The construction of the water pipeline would cost an estimated $80 …
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China refuses to invest in Russian economy
Russia’s attempt to shift its economic policy towards the East following the annexation of Crimea and the start of western sanctions has hit a dead end, reports finanz.ru.
Despite numerous appeals by Russia’s leaders, Chinese companies refuse to invest in Russian real ecomony, and are following the example set by western businesses, and withdrawing their money.
Between January and June, the total volume of direct foreign investments from China into Russia dropped by 24%, the Central Bank of …
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Ukrainian journalist reveals how many combat drones Ukraine is buying from Turkey
Ukraine will be purchasing six combat drones from Turkey, and 200 missiles for them, journalist Yuriy Butusov reported on Facebook.
“Also in the deal are two control stations, a set of spare parts, service support, and personnel training. The cost of the contract is $69 million,” he writes.
The journalist believes that acquiring the drones will be beneficial for Ukraine.
“I understand the criticism, but nevertheless, I think that buying the Bayraktars is extremely beneficial for Ukraine at …
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Kremlin: Russia and China may establish cross-border payment system in national currencies
Russia and China can create cross-border payment systems using national currency, according to the First Deputy Head of the Russian Government, Executive Office Sergei Prihodko, TASS reports. According to Prihodko, after the American sanctions, “new mechanisms for conducting reciprocal payment are needed.”
“We believe that shifting to payments in national currencies will significantly reduce sanctions risks and dependence of bilateral trade on the US dollar, to avoid exchange rate fluctuations …
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Chinese banks are closing Russian business accounts
Chinese banks have begun purging themselves of Russian clients, closing company accounts left right and center, blocking payments, and refusing to process even the most simple operations, such as currency conversion, Skymax managing partner Igor Shibanov told RIA Novosti.
According to Shibanov, who works both in mainland China and in Hong Kong, the problems began roughly one and a half years ago. Initially, companies that were placed on the US and EU sanctions lists were at risk, but now the …
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Media: Chinese banks refuse to serve Russians because of sanctions risk
Russians are facing difficulties working with Chinese banks because of sanctions risks, the newspaper Kommersant reported, referring to the record of the meeting of the Sub-Commission on Cooperation in Financial Fields between Russia and China where this problem was discussed.
According to the newspaper, the meeting took place on September 27 to 28 in Shenzhen. The parties discussed “barriers that prevent making interbank payments and opening correspondent accounts.” Moscow persistently raised …
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China refuses to repair Russian ship because of US sanctions
A ship repair company in Shanghai refused to meet its contractual obligations to repair the Neptun for the Russia-based Gudzon shipping company, whose ships have already experienced sanctions-related issues in South Korea. As Gudzon director Gennady Kononenko told TASS on Wednesday, the Chinese company refused to perform the repairs because Gudzon’s ships are on the US’s North Korea sanctions list.
“We have a ship, the Neptun, which is in Shanghai for repairs. Today I am already in Shanghai …
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Russia loses $2.2 billion through yuan investments
The Bank of Russia continues to lose foreign currency reserves as a result of its operations on the international currency market, finanz.ru reports.
After the unsuccessful conversion of euros into dollars in 2017, which led to a loss of $4.5 billion, the Central Bank of Russia decided to invest a record amount in the Chinese yuan, and once again made losses in the billions on exchange rate differences.
By the start of April, the proportion of the Chinese currency in Russia’s foreign currency …