Business – Page 236 – THE OVAL CIRCLE

Russia & Ukraine to drop reciprocal claims and lift asset seizures as part of new gas transit agreement

Posted on December 27, 2019December 27, 2019By Editor

Transit of Russian gas by Ukraine will be carried out on mutually beneficial and acceptable conditions for both parties, according to Russian Energy Minister Alexander Novak. … Read More >Russia & Ukraine to drop reciprocal claims and lift asset seizures as part of new gas transit agreement

Business

Extra-territorial US sanctions on Nord Stream 2 bringing Russia & Europe closer together – economy minister

Posted on December 26, 2019December 26, 2019By Editor

Cooperation between Russia and Europe is growing, and pressure from the US just gives more impetus for further development of those ties, says Russian Economic Development Minister Maksim Oreshkin. … Read More >Extra-territorial US sanctions on Nord Stream 2 bringing Russia & Europe closer together – economy minister

Business

Syria taps Russian firms to develop offshore oil deposits in Mediterranean

Posted on December 26, 2019December 26, 2019By Editor

Syria’s Minister of Petroleum and Mineral Resources Ali Ghanem told Sputnik news agency that two agreements have been signed with Russian companies to develop two deposits in the country’s territorial waters. … Read More >Syria taps Russian firms to develop offshore oil deposits in Mediterranean

Business

Putin saved the Russian economy by building national reserve funds – former finance minister

Posted on December 25, 2019June 15, 2020By Editor

The decision by President Vladimir Putin to set up reserve funds ten years ago has saved the Russian economy, says the country’s former finance minister Alexei Kudrin, who now heads the Accounts Chamber. … Read More >Putin saved the Russian economy by building national reserve funds – former finance minister

Business

China’s Huawei to create alternative to Google services in India by year’s end

Posted on December 23, 2019December 23, 2019By Editor

Huawei is offering Indian developers cash for playing a part in building its own app service to replace the one developed by Google, as the Chinese company continues to battle against US sanctions. … Read More >China’s Huawei to create alternative to Google services in India by year’s end

Business

Surging Russian stocks continue to drive investor interest despite US sanctions

Posted on December 23, 2019December 23, 2019By Editor

Global investors have been returning to Russian assets this year, pouring more money into the country over signs of its strengthening economy. The growth comes despite US sanctions targeting Russia’s financial sector. … Read More >Surging Russian stocks continue to drive investor interest despite US sanctions

Business

US sanctions on Russian pipeline is a declaration of ‘economic war’ that will backfire on American business interests

Posted on December 23, 2019By Editor

It may be “quite favorable for Russia” to finish the Nord Stream 2 construction by itself, says German business newsletter publisher Dr Eike Hamer, as European companies participating in the project are targeted by US sanctions. … Read More >US sanctions on Russian pipeline is a declaration of ‘economic war’ that will backfire on American business interests

Business

‘Beacon of Light’: Has the Ruble Become One of World’s ‘Most Lucrative Carry-Trade Currencies’?

Posted on December 22, 2019December 22, 2019By Editor

In late 2018, Finance Minister Anton Siluanov said that there is no reason to believe that the Russian ruble will be unstable in the upcoming year; his forecast has essentially come true. … Read More >‘Beacon of Light’: Has the Ruble Become One of World’s ‘Most Lucrative Carry-Trade Currencies’?

Business

EU extends sanctions against Russia for another 6 months

Posted on December 22, 2019December 22, 2019By Editor

The extension of EU sanctions against Russia came into force on Saturday. The penalties target specific sectors of the Russian economy, including financial, energy and defence sectors, and will run until 31 July 2020. … Read More >EU extends sanctions against Russia for another 6 months

Business

Bullion beats sanctions: Muslim states may switch to gold & barter trade

Posted on December 22, 2019December 22, 2019By Editor

Iran, Malaysia, Turkey and Qatar are looking into using gold and barter for trade to shield themselves from any future punitive economic measures, Malaysian Prime Minister Mahathir Mohamad has announced. … Read More >Bullion beats sanctions: Muslim states may switch to gold & barter trade

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