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No way back for Nord Stream 2 pipeline project – Germany

By ethan / February 15, 2019

The Nord Stream 2 gas pipeline project, controlled by Russian energy giant Gazprom, is unlikely to be cancelled, according to Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union (CDU). “Nord Stream 2 is not the project that I support with all my heart… But key decisions were made earlier. The project just can’t […]

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US trade war & sanctions open doors for Russian companies in China — Beijing official

By ethan / February 14, 2019

The simmering US-China trade war and US sanctions against Russia may become an excellent opportunity for Russian firms, according to the China Overseas Development Association (CODA). “The past year has become a very important one for Russia and China… Despite geopolitical challenges the countries’ economies keep on growing,” CODA secretary-general He Zhenwei told RIA Novosti […]

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Airbus to stop production of world's largest passenger airliner A380

By ethan / February 14, 2019

Europe’s aerospace group Airbus has announced it is set to stop making the A380 super-jumbo after its biggest customer, Emirates, reduced the number of orders for the world’s biggest passenger jet. Nearly 15 years after the A380’s maiden flight, the aircraft will be taken out of production, the company said in a statement on Thursday. […]

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US warns the world against buying Venezuelan oil

By ethan / February 14, 2019

US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. In a tweet with a Bloomberg article on Venezuelan-Indian oil relations attached, Bolton wrote: “Nations and firms that support Maduro’s theft […]

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Nothing stopping Russian-German trade turnover's rapid growth

By ethan / February 13, 2019

Trade turnover between Russia and its second largest trade partner, Germany, increased 8.4 percent and reached nearly €62 billion ($ 70 billion) in 2018 compared to previous year, according to the German trade lobby. Year-on-year imports from Russia to Germany expanded 14.7 percent, amounting to €36 billion ($ 40 billion). Export to Russia rose by […]

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Bulgaria freezes accounts of Venezuelan state oil firm after Washington ‘tip-off’

By ethan / February 13, 2019

Authorities in Bulgaria have blocked transfers out of bank accounts belonging to Venezuelan state-controlled energy corporation PDVSA, according to Bulgaria’s chief prosecutor Sotir Tsatsarov. Sofia apparently received information about transfers made by the Venezuelan oil giant, via its accounts in Bulgaria, to reportedly channel the money elsewhere. Washington was the key source of the information, […]

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