Author: Steven Sahiounie

The President of Colombia, Gustavo Petro, today reiterated during a meeting with Minister of Foreign Affairs and Expatriates Riyad Malki his country’s support for the legitimate right of the Palestinian people to establish their independent state on their land. In the meeting held at the presidential palace in the Colombian capital, Bogota, President Petro stressed the importance of applying international law without double standards and his rejection of the violations against the Palestinian people for decades without justice. He pointed out the importance of strengthening economic and trade relations with the State of Palestine and establishing a working mechanism for this. For…

The agency did not specify where the meeting would take place Belarusian President Alexander Lukashenko arrived in Russia on a working visit, the BelTA news agency reported. It earlier reported that the Belarusian leader departed for Russia to hold talks with Russian President Vladimir Putin on September 15. The report didn’t say where the meeting would take place. As the main issues of the talks, the news agency named international and regional affairs. The presidents are also set to discuss joint efforts in the economy, such the manufacturing industry, agriculture and other sectors, as well as work in the field of import…

According to the news agency, this shift is breaking with a decades-old practice by Russian billionaires to hold their assets in Europe NEW YORK, September 14. /TASS/. The richest Russians have taken $50 billion worth of assets back to their homeland and friendly countries since February 2022, Bloomberg reported. According to the agency, last month the shareholders of United Medical Group and MD Medical Group Investments Plc approved the re-registration of companies from Cyprus to Russia. “That transfer will help push the total value of assets that have been re-domiciled by the wealthiest Russians since February 2022 to at least $50 billion,”…

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government MOSCOW, September 14. /TASS/. Russia’s international reserves amounted to $576.6 bln as of September 8, 2023, a decrease by $6.9 bln compared with the previous week, the Central Bank reported on Thursday. “International reserves amounted to $576.6 bln as of September 8, down by $6.9 bln, or by 1.2%, in one week mainly due to negative revaluation,” the regulator said. As of September 1, the country’s international reserves amounted to $583.5 bln. Russia’s international reserves are highly liquid foreign assets available with…

“We paid much attention to trade and economic issues where a certain decline in trade turnover is observed due to external factors, and considered the tasks of reversing the trend and restoring positive growth,” Sergey Lavrov noted MOSCOW, September 14. /TASS/. Foreign ministers of Russia and Myanmar, Sergey Lavrov and Than Swe, have discussed the issues of cooperation between the two countries’ central banks. “We noted special prospects in the area of energy, peaceful nuclear development, civil aviation, telecommunication and information technologies, space activities, including the Earth’s remote probing, agriculture, food industry, and transport infrastructure. We particularly focused on cooperation…

Robert Telus, Poland’s Minister of Agriculture and Rural Development, announced on Polish television that the Council of Ministers issued a decree banning the import of grain from Ukraine after September 15, regardless of the European Commission’s decision. “The adopted resolution has been sent to the European Commission for a decision. If you don’t make the decision, and we still have a few days until September 15, we will definitely put into effect our decree, which will ban the import of four types of grains into Poland until the EU settles Polish-Ukrainian economic relations.” Source: Sputnik

The president of the Netley Group says over the last 20 years, the share of global payments in the dollar has gone down at a steady rate. Michael Goddard, the president of Netley Group, told Sputnik that the process of de-dollarization is happening at a steady rate within the BRICS group and in the global economy, although more work needs to be done to accelerate the process. “It will be amazing if BRICS can come up with some gold-backed trading currency,” Goddard indicated, highlighting that “de-dollarization is happening fast. Over the last 20 years, you see the share of global payments in…

Freight turnover through Russia’s Arctic waters is expected to reach 80 million tons next year, says Aleksey Chekunkov Aleksey Chekunkov, the minister for the development of the Far East and the Arctic, revealed to RT on Wednesday that despite sanctions affecting shipbuilding projects, the Northern Sea Route (NSR) in Russia’s exclusive economic zone within Arctic waters is experiencing an unprecedented surge in development. Chekunkov highlighted that freight turnover through this vital transport corridor skyrocketed to 34 million tons per year in 2022, marking an eightfold increase since 2015. Furthermore, he anticipates that ongoing infrastructure initiatives will propel this turnover to…

Berlin is reportedly buying the sanctioned country’s crude from India Germany has continued importing large volumes of Russian oil, turning to India as a substitute supplier after the EU banned almost all crude imports from Moscow in early December. According to a Der Spiegel report on Tuesday, Berlin’s imports of petroleum products from India jumped more than twelvefold in January-July 2023 year-on-year. The value of those imports soared from €37 million ($39 million) in the first seven months of 2022 to $484 million during the same period of 2023, the outlet’s analysis of official data reportedly showed. The imports from…

Australia’s flagship carrier axed 1,700 ground-handling jobs in early 2020 The High Court of Australia on Wednesday ruled that the country’s flag carrier airline, Qantas, broke the law by firing 1,700 ground staff and replacing them with contractors early during the Covid-19 pandemic. According to media reports, the court said that the company had commercial reasons for its actions at the time but acted in a breach of industrial law because it “sought to thwart” the unionized employees’ rights to engage in industrial action and collective bargaining. “These workers have been put through hell. Their families have been put through hell, their…