Contents tagged with China
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India to follow China in importing Russian timber
Following China’s example, India now intends to start importing timber from Siberia and the Russian Far East.
According to the India Times, the possibility of importing more timber from Russia was discussed between August 11-13 in Vladivostok, Russia, during a visit by an Indian delegation that was led by Minister of Commerce and Industry Piyush Goyal and included the heads of four Indian states and 140 Indian companies.
On the Russian side, the talks were attended by Deputy Prime Minister …
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Russia demands compensation from China for deforestation in Siberia
Russia is expecting China to invest in a joint project to restore the forest in Siberia in the wake of illegal logging and subsequent exportation to china, Dmitry Kobylkin, Russian Minister of Natural Resources and Ecology, told Vedomosti in an interview.
He said that “serious work” is being done with the Chinese.
“I asked their law enforcement agencies to get involved,” Kobylkin explained, “Because I really don’t like the fact that we are dealing with their ‘comrades’ on our own here in …
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Huawei and Russian Sberbank prepare to integrate payment services
The Chinese giant is taking steps to achieve independence from the American Market. Recently it unveiled its own operating system, and now it has announced that it will be cooperating with a Russian state bank, reports DW.
Russia’s Sberbank and the Chinese concern Huawei are discussing the possibility of integrating the Huawei Pay service with the bank’s own payment service. “We are also discussing various applications and services, how to create a microsystem, a base, how to combine our …
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Huawei reports record revenue in Russia
According to the Russian online business registry, SPARK, the revenue of the Russian subsidiary of Huawei Technologies Co. (LTC Huawei Tech Company) increased from 61.7 billion to 132.3 billion rubles in 2018. Net profit of the company at the end of last year increased by 2.4 times to 3.35 billion rubles.
LTC Huawei Tech Company was registered on September 15, 2000. According to the SPARK data, the amount of last year's revenue is the company's new record. A representative of Huawei declined …
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China sends soldiers to Russia for 'army games'
China’s People’s Liberation Army is sending soldiers to Russia to participate in the International Army Games 2019 which will be held in Russia and five other former Soviet states.
In addition to troops, China will be sending military equipment such as tanks and fighter aircraft to the games, whose competitions which will include a tank biathlon, “Aviadarts” - a competition for flight crews, and the “Masters of artillery fire”.
For the first time in the history of the Chinese armed forces, a …
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Russia to connect to Chinese SWIFT alternative
Russia and China have agreed to transition to an international payments mechanism that is independent of SWIFT, Russian Deputy Finance Minister Alexey Moiseyev told Reuters in an interview.
A corresponding point was included in the international agreement to develop payments in national currencies that was signed by Russian President Vladimir Putin and his Chinese counterpart Xi Jinping at the St. Petersburg Economic Forum in June.
At present, China is the most “dollarized” market of all that …
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Kyiv: China is ready to invest $10 billion in Ukraine
Representatives of the Ukrainian President's Office held a meeting with Chinese investors who are ready to invest $10 billion in the projects in Ukraine, reads the statement of the Press Service of the Ukrainian President.
Ukrainian President Volodymyr Zelensky suggested that representatives of Chinese business invest in infrastructure development, including concession construction of the road around Kyiv, agriculture, and development of gas fields.
"The participants of the meeting made a …
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Venezuelan military exercises to involve Russian equipment
Russian-produced military equipment will be used in Venezuela’s upcoming military drills, Russian Deputy Foreign Minister Sergey Ryabkov told the press.
“To a large extent, the weaponry and military equipment in Venezuela and in the possession of the Bolivarian Armed Forces is Russian-produced equipment, and so it simply cannot be done any other way,” Ryabkov explained in response to reporters’ questions.
The deputy foreign minister said that he does not know whether Venezuela has military …
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Huawei takes aim at Russian technology and IT companies
The Chinese corporation Huawei is engaged in negotiations with several Russian companies concerning the acquisition of businesses, the founding of joint enterprises and the use of their technologies. Offers have been received by the developer of the “Elbrus” processors, the creator of the line of Alt Linux operating systems, and a company that provides information security and network monitoring systems.
According to RBC, the Chinese manufacturer has become more active on the Russian market in …
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Russian Kalibr missile-armed frigate enters Cuba
The Russian naval frigate “Admiral Gorshkov” has entered the port in the Cuban capital of Havana, the Russian Defense Ministry announced on its website.
The frigate arrived with a detachment of other ships and auxiliary vessels from Russia’s North Fleet, and will remain there until 26 June. The detachment commander will meet with the leaders of the Cuban Armed Forces, visit museums and take tours. There are also plans for Russian Ambassador to Cuba Andrei Guskov to visit the Admiral Gorshkov. …