Author: Steven Sahiounie

According to Mikhail Mishustin, Russia’s foreign trade grew by more than 8% to $850 billion last year, with exports rising by about 20% In the current situation, Russia will continue fostering relations with China and other countries who are ready for cooperation, Russian Prime Minister Mikhail Mishustin said at the Russia-China Business Forum in Shanghai on Tuesday. “Our country is looking at dynamically developing markets. We have expanded trade with the world’s rapidly developing economies. These words fully apply to our big friend, China,” the Russian head of government emphasized. According to him, Russia’s foreign trade grew by more than…

Bruno Kahl recalled that the site of the sabotage is a seabed, which makes the work of investigators much more difficult No intelligence agency is currently able to clearly name those responsible for the Nord Streams sabotage, President of the German Federal Intelligence Service (BND) Bruno Kahl said. “No country, no intelligence agency in the world is currently able to attribute this (the Nord Streams sabotage – TASS) to anyone in particular,” he said, “Maybe this will change, there are some notable successes in the investigation.” Kahl recalled that the site of the sabotage is a seabed, which makes the…

Russian Prime Minister Mikhail Mishustin predicted that the volume of trade between Russia and China would reach $200 billion by the end of this year. “I am sure that this year we will fulfill the task set by our heads of state, which is to bring bilateral trade to 200 billion dollars,” Mishustin said at the Russian-Chinese Business Forum in Shanghai on Tuesday. Noting that cooperation with China in the energy sector remains an absolute priority for Russia, as the volume of gas and coal supplies is steadily increasing, the Russian prime minister also expressed Moscow’s willingness to implement new…

Oil prices rose, in trading today, Tuesday, amid expectations of seasonal demand growth for gasoline, coinciding with the decline in supply from “OPEC +”. And by 09:25 Moscow time, US crude futures rose by 0.50% to $72.41 a barrel, while Brent crude futures rose by 0.46% to $76.34 a barrel, according to Bloomberg agency data. Concerns about the possibility of the United States defaulting on US debt united growth, and US House Speaker Kevin McCarthy said, in a tweet on Twitter, that US President Joe Biden’s inaction could lead to the first default in the country’s history. This article was…

Last April, Britain recorded a deficit in its trade balance, so the government borrowed more than expected, as inflation led to a rise in interest payments on debt. The latest figures from the Office for National Statistics showed that rising inflation and the cost of covering energy bills has led to an increase in borrowing again, showing that the government borrowed more than 25 billion pounds (more than 31 billion US dollars), the second highest borrowing for the month of April ever. Borrowing was £11.9 billion (more than $14 billion) higher than in April 2022, and the second highest since…

Russian Prime Minister Mikhail Mishustin identified promising and priority areas of cooperation between Moscow and Beijing, and noted that the current situation paves the way for Russian companies to launch production in China. Speaking at the Russia-China Business Forum in Shanghai on Tuesday, the prime minister said the new conditions open up opportunities not only for expanding the presence of Chinese companies in Russia, but also for launching production facilities in China. Mishustin added that the areas of cooperation between Russia and China may include: – Organization of industrial production and deep processing of raw materials. Ensure mutual access to…

Russian Prime Minister Mikhail Mishustin said at a Russian-Chinese business forum in Shanghai, China, today, Tuesday, that Russia’s enemies have failed to destroy its economy and national currency. “Last year, Russia was subjected to an unprecedented scale of sanctions pressure. Its aim was to crash our economy, collapse the national currency and create devastating inflation, to hit the standard of living of ordinary citizens. None of what our enemies dreamed of happened,” Mishustin said at the event. The Russian Prime Minister stressed that Russia has not only survived, but also continues its gradual development. Previously, Russian President Vladimir Putin indicated…

Wholesale costs of robusta beans are at their highest in nearly 12 years, according to Bloomberg Coffee lovers around the world could struggle to find a budget-friendly cup of their favorite drink as the cost-of-living crisis and tighter supplies have pushed up prices, Bloomberg has reported. According to the outlet, last week wholesale prices hit their highest level in nearly 12 years. Costs even soared for the robusta blend, which is typically less expensive because it is easier to produce in large quantities. Robusta is often used in instant coffee, espressos, and ground blends sold at supermarkets as a cheaper…

The Nordic country has been striving to keep up with growing energy demand from the EU, according to CNBC The Norwegian government has been urging oil and gas companies to boost exploration in remote Arctic regions as it seeks to strengthen its position as the EU’s largest gas supplier, CNBC reported on Monday. However, the push has elicited discontent from environmentalists, who see the country’s actions as antithetical to the pursuit of green policies. Norway, which is not an EU member state, has become the bloc’s largest supplier of natural gas after Russia reduced exports due to sanctions. As a…

US Treasury Secretary Janet Yellen has doubled down on her warnings about the nation’s debt ceiling, saying the federal government will run out of money to pay its bills as soon as June 1 unless Congress enables it to increase borrowings. “It is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1,” Yellen said on Monday in a letter to US House Speaker Kevin McCarthy. Yellen has repeatedly warned that Washington is headed for…