Tag: Russia

Tuesday, April 28th 2020 - 07:17 UTC
Trump and Putin recall 75th anniversary of the “Spirit of the Elbe”

US President Donald Trump and his Russian counterpart Vladimir Putin issued a rare joint statement over the weekend commemorating a 1945 World War Two link-up of US and Soviet troops on their way to defeat Nazi Germany as an example of how their countries can cooperate.
Monday, April 27th 2020 - 07:29 UTC
Russia building 69,700-ton nuclear powered icebreakers to keep the Northern Sea Route navigable year round

Russia pushes ahead with plans to ensure year-round navigation along the Northern Sea Route. The Leader-class icebreaker also referred to as LK-120Ya, will be twice as powerful as the country’s current nuclear icebreakers.
Monday, April 20th 2020 - 07:39 UTC
US oil falls to below US$ 15 a barrel and Brent dropped to US$ 27

US crude fell about 20% to below US$15 a barrel on Monday, its lowest level in about two decades, as a coronavirus-triggered collapse in demand eclipsed a deal to cut output. West Texas Intermediate, the US benchmark, fell 18.7% to US$14.84 a barrel. Brent crude, the international benchmark, was off 1.5% at US$27.64 a barrel.
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.