Categories Business Russia is now far less dependent on US dollar or any other foreign currency – central bank Posted on Posted onNovember 28, 2019November 28, 2019By Editor Russia is ready to significantly reduce its dependence on foreign financing, Alexander Morozov, chief of the Research and Forecasting department at the Central Bank of Russia, has told RT. … Read More >Russia is now far less dependent on US dollar or any other foreign currency – central bank
Categories Business Russia’s national payment system MIR looks to expand to Europe Posted on Posted onNovember 28, 2019November 28, 2019By Editor MIR payment system, developed by Russia in response to Western sanctions, is set to hit the European market. It will launch a pilot project at the Russian-British business forum in London on Wednesday. … Read More >Russia’s national payment system MIR looks to expand to Europe
Categories Business Russia & China mull dozens of joint investment projects worth $112 billion Posted on Posted onNovember 26, 2019November 26, 2019By Editor A joint Russia-China investment body is considering 70 projects totaling $112 billion, Russia’s sovereign wealth fund has announced after an intergovernmental commission meeting in Beijing. … Read More >Russia & China mull dozens of joint investment projects worth $112 billion
Categories Business Poland brings home 100 tons of gold from Bank of England Posted on Posted onNovember 26, 2019November 26, 2019By Editor Poland, which has been rapidly boosting its bullion reserves over the past two years, has repatriated around 100 tons of gold from the Bank of England’s vaults in London. … Read More >Poland brings home 100 tons of gold from Bank of England
Categories Business Russia Russia wants to turn Sakhalin island in Far East into major air hub for Asia & Americas Posted on Posted onNovember 25, 2019November 25, 2019By Editor An international airport on Russia’s Sakhalin Island, located north of Japan, may be turned into a major flight connection hub, allowing passengers to travel to Asia and the Americas. … Read More >Russia wants to turn Sakhalin island in Far East into major air hub for Asia & Americas
Categories Business One region alone in Russia mines $1.9 BILLION-worth of gold in less than a year Posted on Posted onNovember 24, 2019November 24, 2019By Editor Russian gold miners in the Far Eastern region of Magadan have extracted more gold than some countries’ entire bullion reserves. They’ve mined over 40 tons of the precious metal since the beginning of 2019. … Read More >One region alone in Russia mines $1.9 BILLION-worth of gold in less than a year
Categories Business Trade war escalates? Beijing points finger at IMF as US berates Chinese megaproject in Pakistan for debt-trapping Posted on Posted onNovember 23, 2019November 23, 2019By Editor A senior US diplomat launched a verbal barrage at Beijing’s economic presence in Pakistan, claiming the massive investment brought nothing but corruption and a legacy of debt. China hit back saying IMF loans were a worse burden. … Read More >Trade war escalates? Beijing points finger at IMF as US berates Chinese megaproject in Pakistan for debt-trapping
Categories Business Russia’s Nord Stream 2 gas pipeline to Europe to start operating in mid-2020 Posted on Posted onNovember 22, 2019November 22, 2019By Editor The Nord Stream 2 project designed to deliver Russian natural gas to Germany and other European customers will start working in the middle of next year, Deputy Prime Minister Dmitry Kozak said on Thursday. … Read More >Russia’s Nord Stream 2 gas pipeline to Europe to start operating in mid-2020
Categories Business Has US shale seen its profits peak? Posted on Posted onNovember 22, 2019November 22, 2019By Editor For the US shale industry, the third quarter was more of the same: new record highs in oil production, but another quarter of negative cash flow. … Read More >Has US shale seen its profits peak?
Categories Business US ‘shot itself in the foot’ by sanctioning us, Putin says amid reports that Russia has become ‘bulletproof’ for investors Posted on Posted onNovember 21, 2019November 21, 2019By Editor The Kremlin may have felt ‘some anxiety’ when the US started sanctioning Russia, but in the end that only made its economy stronger. Investors seem to agree, with Russian bonds now deemed more appealing than those of China and US. … Read More >US ‘shot itself in the foot’ by sanctioning us, Putin says amid reports that Russia has become ‘bulletproof’ for investors
