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Kremlin refuses to save Russian ruble
The ruble’s latest collapse will not force the Russian government to stop buying foreign currency on the Moscow Exchange, the Central Bank of Russia warned.
The dollar’s 3.6 and the euro’s 2.8 ruble spike are “the market’s natural reaction” to the threat of new sanctions, and currency interventions, during which the Finance Ministry has already bought more than $30 billion and plans to buy another $6 billion in August, will continue, the regulator said in a statement released on Friday.
The …
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Russian Foreign Minister: Putin is ready to meet with ‘unfriendly’ Trump
The Russian Foreign Minister, Sergey Lavrov said that Russia was ready to “meet even with representatives of the states that lead unfriendly policies – including the USA”, TASS reported.
Commenting on the relevance of a meeting in the light of Washington’s statements on sanctions, Lavrov answered, “We have never avoided communication, including with representatives of the states that have adopted a clearly unfriendly policy towards us”.
“If the two leaders feel the need to meet and refer to …
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Russia threatens to decrease investments in US national debt
In response to the new U.S. sanctions, Russia will continue to dispose of the U.S Treasury bonds as well as increase payments in national currencies, the Kommersant newspaper reports, citing the statement of the First Deputy Prime Minister of the Russian Federation, Finance Minister Anton Siluanov, made during the broadcast of Russia -1 TV channel.
"We have reduced investments to a minimum. We will continue to reduce our investments in the U.S. economy and American treasury bonds and will …
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Lavrov names two conditions for Russia’s participation at Normandy four summit
The Foreign Minister of Russia, Sergey Lavrov excludes the possibility for Russia's participation in the Normandy four summit prior to withdrawal of armed forces and assets near Stanytsia Luhanska and granting "special status" to the Donbas, reports Interfax-Ukraine.
"We are all for the active work of the Normandy four but not when these meetings end with agreements that are not being implemented," said Lavrov.
The head of the Russian Foreign Ministry recalled that there was no withdrawal of …
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Five countries sign convention on legal status of Caspian Sea
The leaders of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan, the five countries bordering on the Caspian Sea, have signed a convention on the legal status of this sea which determines the general principles of its allocation, but does not contain specific data.
The convention aims to resolve the disputes between these countries, which have been under discussion for more than two decades.
Russian President Vladimir Putin said that resolving the legal status of the Caspian “will create …