Author: Steven Sahiounie

Turkish officials are discussing three scenarios of how the situation around the stalled grain deal may evolve Turkish officials are discussing three scenarios of how the situation around the stalled grain deal may evolve, and Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov and his Ukrainian counterpart Dmitry Kuleba, the pro-government newspaper Yeni Safak reported on Friday. If no solution is found “the [food] crisis would escalate” under a scenario that would not meet the interests of either Russia or Ukraine or the United States, and even “military tensions could…

The unmanned boat was destroyed by fire from standard weapons mounted on the two ships – the Pytlivyy frigate and the Vasily Bykov patrol ship A drone boat of the Ukrainian armed forces tried to attack two Black Sea fleet warships southwest of Sevastopol, but was destroyed by their standard weapons, the Russian Defense Ministry told reporters on Thursday. “At 10:55 p.m. today [on Thursday] the armed forces of Ukraine have made an unsuccessful attempt to use a sea drone against the Black Sea fleet warships tasked with overseeing the navigation in the southwestern section of the Black Sea, some…

Berlin expects energy prices to surge ahead of the heating season, according to a new report Gas prices in the EU’s largest economy, Germany, are likely to soar and remain high until at least 2027, Bloomberg reported on Wednesday, citing the latest report by the Economy Ministry. According to the report, based on the forward prices at the end of June, wholesale gas prices may surge to around €50 ($54.62) per megawatt-hour ahead of the heating season. They are expected to remain high for the next four years, unless additional emergency measures are taken, the report says. The ministry pledged…

The decision by the Russian government to refrain from tightening capital controls has also contributed to the rebound, economists say   The Russian ruble strengthened to 93 versus the US dollar and to 101 against the euro on Thursday for the first time since August 1 after the central bank raised the key interest rate to 12%. On Monday, the Russian currency declined to a 16-month low of 101 against the greenback and 111 to the euro. Market players also attributed the rebound to the news that the Russian authorities will reportedly refrain from introducing stricter capital controls to…

BAE Systems is expanding further into the US with the acquisition of the aerospace division of Ball Corporation, FT reports British defense contractor BAE Systems has agreed to acquire the aerospace division of US Ball Corporation in a $5.55 billion cash deal, the Financial Times reported on Thursday. According to the outlet, citing BAE, the acquisition would add more than $2 billion in annual revenues for the UK-based defense company. The deal is expected to be closed in the first half of 2024. Ball, which makes mission-critical space systems and defense technologies, has “strong growth potential in areas aligned with the…

At the same time, supplies of spare parts and components from Japan decreased by 44.4% in July 2023 TOKYO, August 17. /TASS/. Export of cars from Japan to Russia climbed by 53% in July compared with the past year’s average, according to TASS’ calculations based on figures released by the Japanese finance ministry. In particular, 33,192 transport vehicles were supplied to Russia in July, with 32,116 of them being passenger cars. This is 84% higher than in the same period last year. That said, total deliveries of transport vehicles in July were almost 1.5 times higher than the past year’s…

The Cabinet should perform this effort subject to earlier assignments and with participation of leading public associations of businessmen MOSCOW, August 17. /TASS/. Russian authorities should create conditions to accelerate redomiciliation of assets of the Russian business to the domestic jurisdiction, according to the list of assignments of President Vladimir Putin in conclusion of the St. Petersburg International Economic Forum (SPIEF). “To accelerate the transfer of business assets, in the first instance, in key sectors and branches of the economy, to the Russian jurisdiction, including on account of the possibility of registering foreign companies in special administrative regions in cases…

The representative of the Embassy noted that the decision depended on how the idea was interesting in terms of commerce MOSCOW, August 17. /TASS/. Argentina is interested in starting direct flights to Russia, the Embassy of the Argentina in Moscow told TASS. “It would be good but there are technical and commercial nuances at the same time,” a representative of the Embassy said. “I think, owing to many young couples from Russia, a Russian community appeared in Argentina. Therefore, it would be very good and practical to have direct flights from Moscow to Buenos Aires but certainly, this will depend…

According to the media’s sources, the decision to buy Russian grain can be made in a few weeks NEW DELHI, August 17. /TASS/. India is in talks with Russia to import a large batch of wheat to reduce its prices on the domestic market, The Economic Times newspaper reported citing sources. “The government is exploring the possibility of imports through private trade and government-to-government deals. The decision will be made cautiously,” the newspaper wrote referring to what one of the sources told Reuters, when asked about wheat imports from Russia. “Although India needs only 3 million to 4 million metric tons of…

“No doubt, there is a need at present to continue all the efforts to invest in new developments, including research and design ones, and to boost the demand,” Mikhail Mishustin noted SAMARA, August 17. /TASS/. Russia has full competencies in the gas turbine engine-building sphere, Prime Minister Mikhail Mishustin said during the visit to the UDC-Kuznetsov company in Samara. “Gas turbine engine-building, not merely the aviation one, is one of the most sophisticated high-technology sectors existing in general. Russia is the country that entirely possesses its competencies in this sphere. This is a very strong gain. Probably, there may be…