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Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US
Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.
According to a review by the Joint Organizations Data Initiative or JODI, in December 2018, the United States produced an average of 11.66 million barrels of oil per day. Russia now produces 10.74 million barrels per day while Saudi Arabia dropped into third place at 10.64 million barrels per day.
Meanwhile, experts of ITI Capital Ltd. said that …
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Lithuanian Foreign Minister calls on Europeans to step up the fight against Russian propaganda
Lithuanian Foreign Minister Linas Linkevičius stated in an interview with the newspaper Neue Osnabrücker Zeitung that EU countries should make greater efforts to fight against “Russian propaganda” and prepare for an information war with Russia.
The Minister asserted that the West “still underestimates Russia’s informational influence” while Eastern European countries are not the only ones under “Moscow’s attack.” Linkevičius called for the continuation of a strict sanctions policy against …
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Moldova complains to UN about Russia’s failure to provide access to Moldovan pilots released from Taliban captivity
The Moldovan Ministry of Foreign Affairs and European Integration wrote on Facebook that Moldovan authorities complained about Russia to a number of international organizations.
The reason for the appeal was the “unacceptable actions” of the Russian Federation against two Moldovan pilots Lionel Buruiana and Mihail Crihan, who was captured by the Taliban in Afghanistan and released with the assistance of Igor Chaika, a member of the council of All-Russian public organization “Business Russia”. …
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Russia delays production of 'Boeing competitor' due to US sanctions
Russia has been forced to postpone the serial production of the passenger plane MS-21 due to US sanctions, TASS reports, citing Rostec director Sergey Chemezov.
“In connection with the fact that the Americans have stopped the supply of composite materials, we are transitioning to our own composite materials,” he said. As a result, the deadline for launching serial production of the MS-21 has been “shifted slightly” to the end of 2020. Earlier it was expected that the first planes would be …
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Kremlin: Russia lost over 6 billion dollars due to sanctions
Russian export companies lost 6,300 billion dollars due to economic sanctions from the West, reports Russian news agency Interfax, citing a report by the Ministry of Economic Development of Russia. This figure is based on the department's experts’ data collected at the end of 2018.
The report notes that the European Union is a leader in the number of restrictive measures in respect of Russian goods. It has implemented exactly twenty-five sanctions. In the second place is Ukraine, which …