Contents tagged with China
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Chinese banks say 'no' to Russian SWIFT alternative
While the Russian Foreign Ministry urges countries in Asia to abandon dollar and calls on China to say "no" to Western payment systems, the Russian SWIFT alternative, which was established five years ago, still can not attract a significant number of banks from China.
The Financial Messaging System of the Bank of Russia (FMS), which was established in 2014 after the annexation of Crimea and the collapse of relations with the West, was designed to ensure uninterrupted payments in the event of a …
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China rejects Russia’s call to jointly respond to U.S. sanctions
Russian Foreign Minister Sergey Lavrov's trip to China, which took place at the moment when the United States began to prepare new packages of tough sanctions against Russia, seems to have ended without the desired result.
Although Lavrov posed for the protocol photos in the mask FCKNG QRNTN and accompanied his visit with abundant anti-Western rhetoric, accusing the U.S. of stupidity and inability to conduct diplomacy and at the same time praising the power and political influence of China, he …
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‘Delegation of Chinese investors to Crimea’ reported by Russian media turns out to be a group of small vendors from Moscow market
A delegation of Chinese investors, who visited Crimea in early March and held talks with the government of the peninsula, discussing the tourism potential and prospects for economic cooperation, turned out to be a group of small vendors from Moscow wholesale and retail markets, reports the news website Meduza citing representatives of the Chinese diaspora in Moscow.
Chen Shanwen, Chen Yong and Zhao Kai visited Crimea on March 11. They visited wineries and resorts, and participated in a …
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Russian Foreign Minister proposes to stop using US dollar for international payments
Russian Foreign Minister Sergey Lavrov has proposed to stop using the dollar and international payment systems in response to U.S. sanctions, reported the press service of the Russian Ministry of Foreign Affairs.
Lavrov believes that the U.S. has set itself the task of "limiting the possibilities of technological development" of Russia and China. That is why Moscow should strengthen its economic independence.
"That's why we need to reduce sanctions risks by strengthening our technological …
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Chinese investors of Motor Sich increase amount of lawsuit against Ukraine to $3.6 billion
Chinese investors of the Ukrainian aircraft engine manufacturer, Motor Sich, increased the amount of arbitration lawsuit against Ukraine by $100 million dollars, to 3.6 billion dollars.
"The increase in the amount of preliminary claims is due to the fact that the initial group of plaintiffs was expanded to include several other Chinese shareholders, who also suffered significant losses as a result of Ukraine's actions in violation of its international obligations," reads the statement on Motor …
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Ukraine slams sanctions on Chinese Motor Sich investors
Ukraine has imposed three-year sanctions against the Chinese company Skyrizon, which, together with Ukrainian businessman Alexander Yaroslavsky, is trying to buy the Ukrainian company Motor Sich, one of the largest engine manufacturers for airplanes and helicopters worldwide.
According to a resolution of the Ukrainian National Security and Defense Council, sanctions were imposed on Skyrizon Aircraft Holdings Limited (British Virgin Islands), Hong Kong Skyrizon Holdings Limited (Hong Kong), …
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China scooping up bankrupt Russian defense companies
Russian media, citing informed sources, reports a sharp increase in the activity of the Chinese authorities in the Russian Federation. The sources said that Russian special services are investigating purchases through front persons of Russian defense companies and holdings, which are going through bankruptcy.
This allowed China to gain access to some of the technologies that have been previously de facto closed to it. The seizure of the Saratov Aviation Plant and the Volgograd Shipbuilding …
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Chinese investors prepare to sue Ukraine for $3.5 billion over Motor Sich
Chinese companies Skyrizon and Xinwei Technology, which own shares in the Ukrainian aviation company "Motor Sich" hired three international law firms to sue Ukraine for 3.5 billion dollars, reported Ukrainian partner of these Chinees companies, DCH Investment Management, which is owned by the Ukrainian oligarch Oleksandr Yaroslavskyi.
The law firms WilmerHale, DLA Piper и Bird & Bird will be representing the Chinese side. The law firm Arzinger will be an advisor on Ukrainian law.
The Chinese …
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China bans entry to Russians amid COVID-19 pandemic
Amid deteriorating epidemiological situation in Russia, Beijing has decided to restrict access to Russians entering China. The restrictions apply to Russians holding valid Chinese visas or residence permits, said the Chinese Embassy in Moscow.
The entry to China will be prohibited also to Russian citizens who were going there for personal or family reasons. The measures will not affect persons with diplomatic and service visas, as well as category C visas.
On November 5, the daily increase of …
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Serbia buys Chinese air defense systems
The Serbian Armed Forces have bought three Chinese FK-3 anti-aircraft missile systems, an export version of China's H-22 medium-range air defense system.
The FK-3 has a range of up to 100 km while H-22 has a range of 150-170 km.
Serbia became the first foreign buyer of China's FK-3 air defense system, local media reported.
Earlier, it was reported that the Serbian Defense Ministry purchased the Pantsir-S air defense system from Russia and intended to purchase the S-400 Triumph anti-aircraft …