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Russia to become China’s top supplier of gas soon

By ethan / September 22, 2018

One of the world’s longest gas pipelines – the Power of Siberia – which is being created to deliver natural gas from Russia to China, is almost complete. The sides are now getting ready to ink a contract on another major pipeline. Agreement on the Power of Siberia 2 or the ‘Western Route’ for the […]

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Fitch slashes global economic growth forecast over US-China trade war

By ethan / September 21, 2018

International rating agency Fitch has downgraded its 2019 global GDP forecast. The worsening trade conflict between Washington and Beijing is behind the decision, it said. According to Fitch, protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook. “The trade war is now a […]

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Russia could gain from trade wars by cornering new markets – economy minister

By ethan / September 21, 2018

Trade wars between the United States and China could benefit Russia, according to the Russian Economic Development Minister Maksim Oreshkin. With tariffs growing, Russia could substitute American goods in China and India. These trade wars, these difficult relations between the United States and its trading partners is, first of all, an opportunity that opens on […]

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US sanctions are sign of dollar crisis & decline of confidence – Lavrov

By ethan / September 21, 2018

The US dollar system has completely discredited itself and the confidence in the greenback is falling very sharply, according to the Russian Foreign Minister Sergey Lavrov. Sanctions by Washington are a sign of that. Russia is working on ways to cut its dependence on the US and the dollar system, Lavrov said Friday during his […]

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Trump is obsessed with auto trade, French ambassador to the US says

By ethan / September 21, 2018

The White House may halt lengthy trade talks with the European Union and scrap any possible deal to issue crippling tariffs against products imported from members of the bloc, warns the French Ambassador to the US Gerard Araud. US President Donald Trump may renew his threats to introduce duties on the vehicles produced in Europe […]

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Global economic growth may have reached peak due to trade tensions – OECD report

By ethan / September 20, 2018

Expansion in the global economy is slowing down as uncertainties intensify, the Organisation for Economic Cooperation and Development (OECD) has warned. Its latest economic outlook for both 2018 and 2019 was less positive than it had predicted in May. Escalating trade tensions, tightening financial conditions in emerging markets and political risks could further undermine strong […]

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Russia can thrive without foreign loans in case of tougher sanctions – Finance Ministry

By ethan / September 20, 2018

Moscow may stop using outside borrowings, replacing them with internal financial sources, if international penalties against Russia are deepened, according to Russia’s Finance Minister Anton Siluanov. “We are quite able to reject foreign loans, and replace them with domestic sources of financing to eliminate the deficit,” the minister told journalists. Siluanov stressed that the impact […]

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Russian stock market hits another all-time high amid further ruble growth

By ethan / September 20, 2018

The Ruble-traded MOEX stock index is enjoying a bumper week as it reaches all-time highs on an almost-daily basis.The growth is linked to the strengthening Russian currency despite a threat of new US sanctions and high oil prices. The MOEX index surged to 2,423 points on Thursday as the ruble rose to 66.3 against the […]

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