Author: Steven Sahiounie

Russian energy giant Inter RAO boosted electricity supplies to China and Mongolia to record volumes last year, the company’s CEO Boris Kovalchuk said on Wednesday. Power exports from Russia to the EU were stopped last year. At that time, Inter RAO reported that consumers could not pay the company for the supplied electricity due to Western sanctions imposed on Russia. “We completely stopped commercial supplies [of electricity] to the countries of the European Union starting June 2022. At the same time, we have substantially increased exports to China and Mongolia,” Kovalchuk said at a meeting with Russian Prime Minister Mikhail Mishustin.…

Britain’s poorest households are among the worst hit by the cost-of-living crisis as living standards are struggling to keep up with inflation, according to the latest figures released by the Office for National Statistics (ONS) Household Finances Survey on Wednesday. The median disposable income for the poorest fifth of the population dropped 3.8% in the financial year through March 2022, while wages and benefit payments also failed to keep up with skyrocketing inflation. The data exposes how the squeeze is increasing inequality in the UK as an unbridgeable gap opens up between the highest- and lowest-income households. It also shows the struggle…

It is noted that India as the B20 president provides for meaningful and non-biased activitiesNEW DELHI, January 24. /TASS/. The B20 summit under the Indian presidency in the Group of Twenty (G20) will be held in August, managing director for international cooperation of the Russian Union of Industrialists and Entrepreneurs and the business Sherpa in the B20 Sergey Mikhnevich told TASS this Tuesday.”Companies and captains of international industry will take part in the B20 summit. Participants from Russia will be identified closer to the summit that will take place in August,” Mikhnevich said.The delegation of the Russian business association participated…

The oil meal export duty was calculated on the basis of the indicative price of $247.6 per metric ton. The sunflower oil export duty in Russia will remain zero in February, just as in October – January 2022, the Ministry of Agriculture said on Wednesday.Sunflower oil meal export duty will grow from 1,826.9 rubles ($26.47) per metric ton in January 2022 to 2,200.7 rubles ($31.9) per metric ton in this February, the Ministry informed.The oil meal export duty was calculated on the basis of the indicative price of $247.6 per metric ton, compared to $246.2 per metric ton this January.…

On March 10, 2022, Ukrainian President Vladimir Zelensky signed a law on the principles for the forced seizure of subjects of property rights of the Russian Federation and its residents on the territory of Ukraine. A court in Kiev, at the request of the district prosecutor’s office, seized the bank accounts of the Ukrainian subsidiary of a Russian tea company and ordered that the 52 million hryvnias ($1.4 million) on these accounts be transferred to fund the Ukrainian armed forces.The press service of the Office of the Prosecutor General of Ukraine reported this on Wednesday.”The investigation established that enterprises engaged…

One of the key tasks for the near term is to master production of required domestic modern equipmentMOSCOW, January 24. /TASS/. Russia will continue developing indigenous modern equipment for microelectronics production and prospects of this area were discussed at the meeting headed by Prime Minister Mikhail Mishustin, the Cabinet said on its website on Tuesday.Provision of technological sovereignty and development of national electronic industry become particularly current amid mounting sanctions pressure, the Government said. “The government has initiated development of new federal projects on the instruction of the head of state, aimed at developing the electronics industry, and ensured extra…

Euro rises to 75.33 rubles The dollar exchange rate rose by 18.75 kopecks from Tuesday’s close, trading at 69.19 rubles on the Moscow Exchange as the trade opened on Wednesday.The euro gained 18 kopecks, reaching 75.33 rubles.In turn, the yuan rate remained practically unchanged, at 10.147 rubles (+0.9 kopecks). This article was originally published by TASS

The second summit and economic forum Russia-Africa are scheduled for Russia expects the launch of direct flights to the Republic of South Africa by the second Russia-Africa summit, Ambassador at Large, Head of the Russia-Africa Partnership Forum Secretariat Oleg Ozerov said at the Valdai Discussion Club when speaking about relations between Russia and South Africa.”I think there are simple solutions that allow resetting our relations very fast, this is, first of all, tourism. This is a very attractive area. If we manage – and we hope – to launch, say, direct flights to South Africa by the summit, tourists will…

It was also noted that the production of such devices is possible in Russia, although not entirely from domestic parts Russian banks can gradually switch to terminals by Asian manufacturers if the French company Ingenico leaves the Russian market, Viktor Dostov, chairman of the Association of Electronic Money Market Participants and Money Transfers, told TASS.”Ingenico has long announced the possibility of leaving the Russian Federation. As far as I understand, their main task now is to organize support for already sold devices and software. Accordingly, let’s hope that existing customers, including the largest banks, smoothly and gradually as existing devices…

Earlier, it was reported that Gazprom and Uzbekistan signed a roadmap on cooperation between Russia and Uzbekistan in the gas sector The Ministry of Energy of Uzbekistan and Gazprom discussed technical possibilities of gas transit over the Central Asia – Center gas pipeline on the territory of the country and Kazakhstan, the press service of the Ministry said on Wednesday.It was reported earlier that Gazprom and Uzbekistan signed a roadmap on cooperation between Russia and Uzbekistan in the gas sector.”In accordance with the signed roadmap, the working group agreed upon technical measures between the parties, required to implement gas transit…