Author: Steven Sahiounie

The president also drew attention to the fact that “several months in the middle of last year were extremely difficult for Russian entrepreneurs and companies” MOSCOW, August 22. /TASS/. The pace of economic growth in the country is quite stable, according to the results of 2022, Russia entered the top five largest economies in the world and overtook Germany in terms of purchasing power parity and in terms of economic volume. Russian President Vladimir Putin stated this at the Council for Strategic Development and National Projects. “According to the results of 2022, Russia <…> entered the top five largest economies…

“We want integration between continents and equal conditions for all,” Luiz Inacio Lula da Silva underscored BRICS, a group that brings together Brazil, Russia, India, China and South Africa, could be an example of a new, alternative model of international relations, Brazilian President Luiz Inacio Lula da Silva said. “We can change the customs and practices that have so far prevailed in international affairs,” he said in a weekly interview on his social media. He said he believes the world will see massive changes in the coming years. “When we talk about Brazil and BRICS, we are showing that it…

Meanwhile, a source in Ankara told TASS on Monday that Putin coming to Turkey was “improbable” A meeting between Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan may take place in Russia, Turkey’s NTV television reported, citing sources. “Erdogan’s coming visit to Russia would play a decisive role in reaching an agreement [to revive the grain deal],” the TV channel quoted an official as saying. Meanwhile, a source in Ankara told TASS on Monday that Putin coming to Turkey was “improbable.” The press service of the Turkish presidential office told TASS earlier that so far nothing concrete could be said…

Russian Foreign Minister Sergey Lavrov arrived in Johannesburg on Tuesday to take part in the BRICS summit, a Sputnik corespondent reported. The summit will take place from Tuesday to Thursday. Lavrov will act as the head of the Russian delegation, while the country’s president, Vladimir Putin, will participate in the gathering via video link. “Mr Sergey Lavrov, Minister of Foreign Affairs and Head of Delegation for the Russian Federation is received by International Relations and Cooperation Deputy Minister, Mr Alvin Botes as he arrives at the Waterkloof Airforce Base,” the South African government said on X, formerly known as Twitter.…

The gas price has increased by around 8% in total since the start of trading day MOSCOW, August 22. /TASS/. The price of gas in Europe rose above $500 per thousand cubic meters during Tuesday trading for the first time since June 15, according to London’s ICE. The gas price has increased by around 8% in total since the start of trading day. September futures at the TTF hub in the Netherlands went up to $502 per thousand cubic meters, or to 44.57 euro per MWh (on the basis of the current euro exchange rate against the dollar, prices at…

“Thus, the geopolitical game is becoming more and more interesting,” the Serbian leader noted The expansion of BRICS will be a historic moment, and the association will gain the status of a global player that wants to become an alternative to the collective West, Serbian President Aleksandar Vucic told reporters during his visit to Athens. “The BRICS Summit begins today. <…> I think it will be a historic step for them if they decide to expand BRICS. I’m not sure if they will be able to make that decision today, but if they do, it will certainly be a historic…

MOSCOW, August 22. /TASS/. The Russian Ministry of Finance announced auctions for two issues of fixed-income federal loan (OFZ) bonds and an issue of federal loan bonds with the indexed par value (OFZ-IN) to be held on August 23, the ministry said. Series 26241 fixed-income OFZ bonds mature on November 17, 2032, Series 26238 fixed-income OFZ bonds mature on May 15, 2041, and Series 52005 OFZ-IN bonds retiring on May 11, 2033 will be offered to investors in the amount of available balances for offering, the ministry said. “The amount of bids to be satisfied at auctions will be driven…

RIYADH: Saudi Arabia is working toward improving transparency and bolstering corporate governance, with the Commerce Ministry issuing clarifications on the preparation of financial statements of joint-stock companies. According to the ministry’s statement, preparing financial statements is incumbent upon the board of directors at the culmination of each fiscal year. This process entails attaching a comprehensive report outlining the company’s operational and financial performance over the preceding year. The statement added that proposed profit distribution methodologies are also a part of this documentation. Moreover, the statement said the pertinent documents must be made available for audit, if applicable, a minimum of…

After months of strained efforts due to Switzerland taking issue with Russia, the Syrian Constitution Committee will hold a meeting by the end of 2023 in the Arab city of Muscat, in Oman. Russia favors Oman as the host of the next session of the Syrian Constitutional Committee, which is anticipated to take place in Muscat by the end of 2023, according to a released statement by the Russian Foreign Ministry on Tuesday. The Syrian government is willing to accept the sultanate’s offer, Egyptian Foreign Minister Sameh Shoukry stated last week, confirming that the committee’s upcoming meeting may be held…

RIYADH: The UAE’s public budget experienced a 32 percent increase, reaching 650 billion dirhams ($176 billion) in June 2023, up from 491.4 billion dirhams in the same period of the previous year, as reported by the Emirates News Agency, also known as WAM. Citing data from the Central Bank of the UAE for June, the WAM report also noted that the Emirates’ public budget saw a month-on-month increase of 0.2 percent in June 2023. The final figure for the month settled at 649.42 billion dirhams, marking a growth of 1.3 billion dirhams compared to the previous month’s 648.12 billion dirhams in May. “This momentum…