Contents tagged with China
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Russia, Iran and China begin joint exercises in Gulf of Oman
On Friday, December 27, Iran, Russia and China began their first-ever joint exercises in the Indian Ocean.
The area of the drills, dubbed by the participants “the Maritime Safety Belt”, is located in the Gulf of Oman, which is near the world's key oil artery, the Gulf transport corridor through which tankers carry 40% of the world's daily oil supply.
"The message of these exercises is peace and friendship," said Admiral Admiral Gholamreza Tahani, deputy commander of the Iranian Navy. …
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China on purchase of Ukraine’s Motor Sich defense plant: We’ve snatched ‘pearl of engine building’ away from US and Russia
An article has appeared in the Chinese press which claims that the companies Tianjiao Aviation Industry Investment Co (Skyrizon Aircraft) and Xinwei Group (both Chinese) will be acquiring a controlling package of shares in the Ukrainian engine manufacturer Motor Sich.
The deal will involve a package of shares worth around $250 million, the amount that the Chinese firms will “invest” in the factory over the next two years.
Initially Ukraine did not comment on such statements published in the …
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Belarus replaces Russian loans with Chinese ones
Belarus has signed an agreement to borrow 3.5 billion yuan (around $500 million) from China, announced the Belarusian Finance Ministry.
The 5-year loan will be provided by the Shanghai branch of the China Development Bank. The loan is not tied to any particular project, and can be used for general purposes, including the servicing of government debt, supporting Belarus’s foreign currency reserves, and facilitating the development of bilateral trade.
This is an “unprecedented” deal for Belarus, …
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Russia to hold joint naval exercises with Iran
The commander of the Iranian Navy Hossein Khanzadi called the date of joint military exercises with Russia and China, reports the Iranian Fars News Agency. "The upcoming exercises are called "Maritime Security Belt," and they will be held on December 27, 2019," said Khanzadi.
As expected, naval military drills of the fleets of the three countries will be held in the Indian Ocean. Earlier, Iranian Foreign Minister Mohammad Javad Zarif said that the military exercises "will not be directed …
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Russia, India and China plan to create SWIFT alternative
India, Russia and China are investigating the possibility of creating an alternative to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) payment mechanism which is prevalent in the US, in an attempt to make it easier to trade with countries under US sanctions, The Economic Times reports, citing informed sources.
According to the news outlet, Russia’s System for Transfer of Financial Messages (SPFS) might be connected to China’s Cross-Border Interbank Payment System (CIPS) …
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Media: Russian hypersonic missile Zircon is just a smaller replica of Chinese Dongfeng 17
Despite the Russian president’s statement that Russian specialists have successfully completed the development of the latest hypersonic cruise missile Zircon, military experts from the Chinese publication Sina Military said that, in reality, the Russian missile is nothing but a smaller replica of China's DF-17 hypersonic missile, which has been in service with the Chinese Army for several years.
"When the Dongfeng 17 hypersonic missile (DF-17) was presented this year, 1.4 billion people and …
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Kremlin confirms Putin’s plans to visit China in 2020
Russian President Vladimir Putin does intend to visit China in 2020, Kremlin Spokesperson Dmitry Peskov confirmed to RIA Novosti, commenting on a statement by China’s Vice Foreign Minister.
The fact that China is expecting a visit from Putin next year was mentioned previously by Chinese Vice Foreign Minister Le Yucheng in a statement published by the Chinese Foreign Ministry. He noted that the Russian and Chinese leaders have met on several occasions in recent times, the most recent being an …
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Russia to hold joint naval exercises with South Africa and China
The Russian Navy, together with the South African and Chinese warships, will hold anti-piracy exercises in late November, reported by RIA Novosti with reference to the press service of the Russian Northern Fleet.
The Russian cruiser Marshal Ustinov will also participate in the military drills and has already arrived in Cape Town. The military will work out anti-piracy and anti-terrorist operations at sea, as well as actions to assist victims of a disaster.
Cruiser Marshal Ustinov was joined …
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Russian gas not needed in China
The gas demand in China is significantly lower than predicted by the Russian government, and a supply surplus has arisen on China’s internal market, Interfax Energy reports, citing the senior managers of Chinese energy companies.
In 2020 the surplus will be around 9 billion cubic meters (bcm), predicts Sinopec, China’s second largest oil and gas corporation by extraction volume.
With the Chinese government’s goal of using gas to provide 10% of the country’s energy mix by the end of 2020 (360 …
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Putin: Russia's ties with China are free from external influence
Russian President Vladimir Putin said that Moscow and Beijing have strong ties, which are free from external influence, reports RIA Novosti news agency.
During a meeting with Chinese President Xi Jinping at the BRICS Summit, Putin said that "the ties between Russia and China are strong and stable, they are not influenced from outside and have a very good potential for development."
According to Putin, Russia and China have a relationship based on friendship, mutual respect, and coordination …