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Kremlin retracts statement on plans to remove U.S. dollar from circulation in Russia
The Russian Finance Ministry has retracted its statement on plans to transfer all of its foreign currency reserves from dollars to euros.
The RIA Novosti report, quoting Dmitry Timofeev, director of the Department of External Restrictive Measures Control of the Finance Ministry, was retracted by the Ministry.
The original article stated that the Russian authorities want to make Russia a "euroized country" replacing the dollar with the euro.
According to the publication, the Kremlin planned …
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Russia to sell $17 billion worth of weapons to Africa
Russia will increase arms supplies to sub-Saharan Africa, reported the press service of Rosoboronexport, Russia’s national export agency for defense products.
“Contracts totalling $1.7 billion were signed in 2020-21, and the number of African customers rose to 17. The Russia-Africa forum, held in 2019, provided a boost for deliveries of Russian weapons to the region,” said Alexander Mikheev, CEO of Rosoboronexport.
“The deliveries to the region will include helicopter equipment, air defense …
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NATO concerned over Belarus’ increased dependence on Russia
NATO is concerned over increased cooperation between Russia and Belarus, said NATO’S Secretary General Jens Stoltenberg,
In an interview with the German weekly Welt am Sonntag, Stoltenberg said that NATO member states were "seriously concerned" about the close engagement between Presidents Vladimir Putin and Alexander Lukashenko in recent months.
According to Stoltenberg, Belarus is becoming "increasingly dependent" on Russia.
He warned Moscow and Minsk against destabilizing the situation on …
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Kremlin admits sanctions impacted Russia’s ability to launch satellites
Russian Space Agency, Roscosmos, cannot launch some satellites due to the lack of chips that Russia cannot obtain due to sanctions, said Roscosmos CEO Dmitry Rogozin.
"We have more than enough rockets, there is no doubt," Rogozin explained, speaking at a parliamentary hearing in the State Duma on the topic of Western sanctions and measures to minimize their impact on the Russian politics and economy.
According to him, the manufacturers have satellites, but they are missing one specific chip, …
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Russia withdraws from Open Sky Treaty
Russian President Vladimir Putin has signed federal law No. 158-Fz, providing for Russia's withdrawal from the Open Skies Treaty.
The law was passed by the Russian State Duma on May 19 and approved by the Russian Federation Council on June 2 this year. According to the law, Russia ceases to be a participant in the Treaty when the law comes into force.
The Kremlin said that the U.S. withdrawal from the Treaty, which took place in November 2020, was the reason for Russia terminating its …