Tag: Russia

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.
Saturday, February 8th 2020 - 11:30 UTC
Lavrov denounces US foreign policy towards Venezuela in Mexico and puts hosts in an awkward position

Russian Foreign Minister Sergei Lavrov on Thursday denounced U.S. foreign policy in Venezuela, criticizing U.S. “provocations” and attempts to create what he called a pretext for military intervention.
Wednesday, February 5th 2020 - 07:02 UTC
Russian foreign minister in a “support visit” to Mexico, Cuba and Venezuela

Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who Washington wants out of power. Russia has helped Maduro weather a political crisis as the United States has targeted Caracas with sanctions and, like dozens of other countries, recognizes opposition
Tuesday, January 28th 2020 - 08:35 UTC
Maduro prepared to hand over the oil industry to foreign private companies

Venezuelan President Nicolas Maduro is considering selling shares of the country's state-owned oil company, Petroleos de Venezuela SA, in an attempt to recover the country's petroleum industry and its dwindling production.
Thursday, January 9th 2020 - 08:48 UTC
Something smells rotten in Maputo: Russian bank suing Mozambique over US$ 2bn in loans

Russian bank VTB is suing a Mozambique state-owned company over US$ 535 million it extended as part a series of loans now at the centre of a US$ 2 billion debt scandal. An online court filing dated Dec. 23 shows VTB has lodged a lawsuit in Britain’s High court against the Mozambique state and Mozambique Asset Management, which borrowed the money from VTB as part of a costly project that U.S. authorities say was an elaborate front for a bribery and kickback scheme.
Monday, December 30th 2019 - 09:04 UTC
Russia and China collude at UN to create convention on cybercrime, alarming the West

The United Nations on Friday approved a Russian-led bid that aims to create a new convention on cybercrime, alarming rights groups and Western powers that fear a bid to restrict online freedom. The General Assembly approved the resolution sponsored by Russia and backed by China, which would set up a committee of international experts in 2020.