Page 35 - Russia

In meeting on Russia's Far East, India to focus on expanding oil footprint

PM Modi to address by video four-day meeting of Eastern Economic Forum in Vladivostok

Global stocks sink as Europe faces new squeeze on Russian gas supply

Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies. London and Frankfurt opened lower. Tokyo, Hong Kong and South Korea fell while Shanghai gained. Oil prices rose more than USD 2 per barrel while the euro edged lower. Markets were roiled by Russian energy giant Gazprom's announcement Friday that a suspension of gas supplies through the Nord Stream 1 pipeline would be extended indefinitely. That adds to shortages in Germany and other economies. In early trading, the FTSE 100 in London lost 1.1% to 7,198.73 and the DAX in Frankfurt tumbled 3.2% to 12,628.44., The CAC 40 in France fell 2% to 6,047.28. Gazprom's announcement puts European stocks under heavy pressure, said Chris Turner of ING in a report. Also Friday, U.S. government data showed hiring slowed in August but wages rose sharply. Forecasters said the Federal Reserve might see that as evidence more interest rate hikes are needed to bring down inflation that is at a four-decade high. Mar

Iran seeks to buy Su-35 fighter jets from Russia, says air force commander

The purchase of Su-35 fighter jets from Russia is on the agenda of the Iranian Air Force, Commander of the Iranian Air Force Hamid Vahedi said

Kremlin pledges serious measures if EU puts visa restrictions on Russians

Moscow will take serious retaliatory measures if the EU formally introduces visa restrictions on Russian citizens, Kremlin spokesman Dmitry Peskov said

China's top legislator to visit Russia, Mongolia, Nepal, South Korea

China's top legislator Li Zhanshu will pay official visits to Russia, Mongolia, Nepal and the Republic of Korea from September 7 to 17

Russia's Putin, Turkey's Erdogan discuss bilateral ties, Ukraine over phone

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan exchanged views on bilateral ties during a phone call

Putin's ally accuses US for Russia's breakup, says it could lead to doom

A top Russian official accused the U.S. and its allies on Saturday of trying to provoke the country's breakup and warned that such attempts could lead to doomsday. Dmitry Medvedev, the deputy secretary of Russia's Security Council chaired by President Vladimir Putin, warned the West that an attempt to push Russia toward collapse would amount to a chess game with Death. Medvedev, who served as Russia's president in 2008-2012 when term limits forced Putin to shift into the prime minister's post, was widely seen by the West as more liberal than his mentor. In recent months, however, he has made remarks that have sounded much tougher than those issued by the most hawkish Kremlin officials in an apparent attempt to curry favor with Putin. After attending Saturday's farewell ceremony for former Soviet leader Mikhail Gorbachev, Medvedev published a post on his messaging app channel, referring to the 1991 collapse of the Soviet Union and accusing the U.S. and its allies of trying to enginee

Hundreds line up to say farewell to Mikhail Gorbachev; Putin absent

Hundreds of mourners lined up Saturday to pay tribute to former Soviet leader Mikhail Gorbachev, who launched drastic reforms that helped end the Cold War and precipitated the breakup of the Soviet Union, in a farewell snubbed by Russian President Vladimir Putin. The Kremlin's refusal to declare a state funeral reflects its uneasiness about the legacy of Gorbachev, who has been venerated worldwide for bringing down the Iron Curtain but reviled by many at home for the Soviet collapse and the ensuing economic meltdown that plunged millions into poverty. On Thursday, Putin privately laid flowers at Gorbachev's coffin at a Moscow hospital where he died. The Kremlin said the president's busy schedule would prevent him from attending the funeral. Asked what specific business will keep Putin busy on Saturday, Kremlin spokesman Dmitry Peskov told reporters that the president will have a series of working meetings, an international phone call and needs to prepare for a business forum in ...

India, Russia's mutual adoption of MIR, RuPay aimed at de-dollarisation

Russia's disconnection from the SWIFT international payment system could result in unexpected consequences, as several countries are now considering the development of alternative instruments

Mitigating farm risk: Finance can be more helpful than agri economists

The financial markets have more-or-less stamped out uncertainty, and that can offer a lesson for reducing agricultural risk

India's oil imports from Russia fall in last two months, down 25% from June

In August, India imported 7,38,024 barrels per day from Russia, 18 per cent lower than in July

China could use US oil to support Ukraine's invasion, say GOP lawmakers

A group of GOP lawmakers has expressed concerns that US oil to Unipec America, a company operated by the Chinese Communist Party, could be used by China to support Russia's invasion of Ukraine. To ensure the Biden administration is properly managing the sale of critical assets, the lawmakers are once again calling on Department of Energy (DOE) Secretary Jennifer Granholm to provide an immediate briefing and all documents and communications related to the SPR sale. "We are continuing oversight of the US Department of Energy's depletion of oil from the Strategic Petroleum Reserve (SPR). According to DOE, the Biden administration recently sold almost a million barrels of SPR oil to Unipec America, a subsidiary of Sinopec, a company owned by the Chinese Communist Party," said House Committee on Oversight and Reform Ranking Member James Comer and Subcommittee on Civil Rights and Civil Liberties Ranking Member Nancy Mace. "In addition to concerns with Hunter Biden, the President's son, ..

Russian Prez Putin won't attend funeral of Mikhail Gorbachev, says Kremlin

He added that the Russian President visited the Central Clinical Hospital today to pay his respects to Gorbachev

Russia mulls buying $70 billion in yuan, other 'friendly' currencies

The yuan briefly extended gains against the dollar after the news, rallying to a session high.

Iraq leads with discounts as W Asia retains top slot in Indian oil market

Iraq, India's biggest crude oil supplier, maintained its lead over Russia in August, supplying 12-20 per cent more to India in the first 30 days of the month

Putin pays tribute to Gorbachev but won't attend his funeral: Kremlin

The Kremlin said Thursday that Russian President Vladimir Putin will not attend the weekend funeral of former Soviet President Mikhail Gorbachev but has paid tribute to him. Kremlin spokesman Dmitry Peskov said Russian President Vladimir Putin visited a Moscow hospital where Mikhail Gorbachev's body is kept before Saturday's funeral. Peskov told reporters that Putin's schedule wouldn't allow him to attend Saturday's farewell ceremony, but paid tribute to late Soviet leader. Asked if Gorbachev will be given a state funeral, Peskov said the funeral will have elements of state funeral, such as honorary guards and other formalities.

Russian oil giant chairman dies after falling from hospital window

The chairman of Russia's Lukoil oil giant, Ravil Maganov, has died after falling from a hospital window in Moscow, reports say

China, Russia hold key to North Korea's denuclearisation: South Korea

China and Russia's reluctance to toughen UN sanctions on North Korea is the biggest challenge facing efforts to eliminate the North's nuclear arsenal, a top South Korean official said on Thursday, as the North remains ready to conduct its first nuclear test in five years. China and Russia, which both have close ties with North Korea and are locked in confrontations with the United States, already vetoed a US-led attempt to slap fresh sanctions on North Korea over its missile tests this year. That raises worries North Korea would escape punishment even if it performs a bigger provocation like a nuclear test explosion, which are banned by UN resolutions. Even if North Korea conducts an additional nuclear test, there is a possibility no additional sanctions will be adopted at the UN Security Council because of the a US-China strategic rivalry and US-Russia tension over the Ukraine war, South Korea's vice defence minister, Shin Beomchul, told The Associated Press during an interview. I

EU foreign ministers to suspend visa facilitation agreement with Russia

Foreign Ministers of the European Union (EU) member states have agreed to suspend a visa agreement with Moscow, making it harder for Russian citizens to obtain entry to the bloc

Russia bans entry of 55 more Canadian citizens over conflicting sanctions

The Russian Foreign Ministry has announced that an additional 55 Canadian citizens have been indefinitely barred from entering the country in response to Ottawa's anti-Russian sanctions