Tag: Russia

Friday, April 10th 2020 - 08:57 UTC
US, Russia and Saudis hammer out a tentative accord to cut oil supply and help boost prices

OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
Tuesday, April 7th 2020 - 08:52 UTC
US court accuses ex FIFA executive members of taking bribes from Russia and Qatar

Russia and Qatar offered and paid bribes to secure votes in the process that saw them awarded the 2018 and 2022 World Cups, an indictment in the United States alleges. The document, brought by federal prosecutors in New York as part of the long-running investigation into corruption surrounding football's governing body, claims several former members of FIFA's executive committee were offered or indeed received bribes relating to their votes.
Tuesday, April 7th 2020 - 07:19 UTC
US designates Russian white supremacist group as a foreign terrorist organization

The United States on Monday branded a Russian far-right group as a foreign terrorist organization, the first time it has targeted white supremacists with tools regularly used against Islamist extremists.
Tuesday, March 31st 2020 - 09:07 UTC
Saudi Arabia wants to be Oil King again and lets prices collapse

Saudi Arabia said on Monday it will raise its oil exports to a record 10.6 million barrels per day starting from May despite a global supply glut, escalating a price war with Russia. Oil prices are languishing at 17-year lows as the coronavirus pandemic threatens a painful global recession that could further sap demand.
Tuesday, March 31st 2020 - 08:15 UTC
Russia's oil giant Rosneft, yields to US pressure: ceases operations in Venezuela

Russian oil production giant Rosneft said it had ceased operating in Venezuela and transferred its assets to a company own entirely by the Russian government. The move is apparently intended to shield the company from US sanctions aimed at punishing entities that do business with the government of President Nicolas Maduro.
Thursday, March 19th 2020 - 08:20 UTC
Russian economy battered by the oil price war with Saudi Arabia

Russia, hit by falling oil prices and the coronavirus outbreak, has announced the formation of a US$4 billion fund as part of a package of measures to support the economy.
Monday, March 9th 2020 - 08:55 UTC
Oil prices plunge 30% after OPEC fails to agree on production cuts; Russia clashes with Saudi Arabia

Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.
Monday, February 17th 2020 - 07:13 UTC
Pompeo confident the West is winning and will prevail over Russian and Chinese “empire desires”

US Secretary of State Mike Pompeo defended on Saturday his nation's global role despite misgivings in Europe, vowing that Western values would prevail over Russian and Chinese desires for “empire”.
Saturday, February 15th 2020 - 08:48 UTC
Putin denies gay marriage, “as long as I am president, there will be dad and mum”

President Vladimir Putin said on Thursday that Russia would not legalize gay marriage as long as he was in the Kremlin. He made clear he would not allow the traditional notion of mother and father to be subverted by what he called “parent number 1” and “parent number 2”.
Tuesday, February 11th 2020 - 08:01 UTC
Trump plans to slash foreign aid and invest funds to counter threats from China and Russia

President Donald Trump will propose cutting billions of dollars in U.S. foreign aid in his fiscal 2021 budget while seeking an increase in funds to counter developing economic threats from China and Russia, senior administration officials revealed.