Contents tagged with Russia
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German businesses fleeing Russia as threat of sanctions mounts
Large European businesses continue to reduce their presence in Russia against the backdrop of a stagnant economy, falling incomes and sanctions that cut off the country from capital markets and modern technologies.
Over the past 10 years, the number of German companies operating in the Russian Federation has decreased by 42%, Deutsche Welle reports quoting the data of the German-Russian Chamber of Commerce (AHK).
Of the 6.3 thousand German companies that invested in the Russian economy in 2011 …
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Amid looming Western sanctions, Russia stress-tests its economy
The Russian authorities seem to be seriously considering the possibility of tough Western sanctions, which are being prepared in an even of an invasion of Ukraine.
According to the news outlet The Bell, Russian state-owned companies and large banks carried out a series of exercises to assess the consequences of the sanctions, including the shutdown of SWIFT and foreign software, a ban on the supply of chips and other high-tech equipment to Russia.
Top managers of the main sectors of Russian …
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Xi: China supports Russia’s demands for ‘non-expansion of NATO’
Beijing supports Russian demands for "non-expansion of NATO, “said Russian President Vladimir Putin with Chinese President Xi Jinping in a joint, published on the Kremlin's website.
The document says that the countries "oppose the further expansion of NATO, call on the North Atlantic Alliance to abandon the ideological approaches of the Cold War, to respect the sovereignty, security and interests of other countries, the diversity of their civilizational and cultural-historical structures, to …
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Kremlin considers saving Lukashenko from losing main source of foreign currency income
Russian authorities are considering ways to help the regime of Alexander Lukashenko, which has been cut off by Western sanctions from the possibility of exporting potash, a key source of foreign currency for the Belarusian economy.
The Kremlin is now looking into the possibility of accepting Belarusian potash fertilizers in Russian ports, said Russian presidential spokesman Dmitry Peskov.
"This issue is on the agenda. It is being discussed. If I am not mistaken, so far [the redirection] of …
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China cuts down Putin’s delegation to Olympics
The visit of Russian President Vladimir Putin to China, which will coincide with the Olympic games in Beijing, will be held without a large "retinue".
Due to coronavirus restrictions, China reduced Putin's delegation from 20-25 people to six, presidential aide Yuri Ushakov told RIA Novosti.
The head of the Russian gas giant Gazprom was among those who were expected to go to China but will not be included in the delegation. Miller will not accompany Putin, despite plans to sign a "very solid", …
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Russia’s population decline reaches unprecedented levels
Russia continues to fall into the demographic abyss, losing population at a rate not seen since World War II.
“At the end of 2021, the natural population decline exceeded one million people. And this is a consequence of the underfunding of the national health care system, “ said deputy chairman of the State Duma Committee on Health Protection Alexey Kurinny told OSN Media.
"In terms of demographic and health indicators, the Russian Federation is somewhere at the level of African countries. …
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Putin: U.S. and NATO ignore Russia’s demands for security guarantees
The U.S. and NATO, in their written responses to Russia on long-term security guarantees, ignored Russia's basic demands, said Russian President Vladimir Putin during a press conference with Hungarian Prime Minister Viktor Orban.
Putin noted that the Russia is analyzing the written replies received on January 26 from the United States and NATO.
"But it is already clear that Russia’s fundamental concerns have been ignored. We did not see an adequate consideration of our three key requirements …
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Putin promises Hungarian Prime Minister $2 billion loan
Hungarian Prime Minister Viktor Orban's visit to Moscow at the height of Russia’s conflict with the West over Ukraine ended with a large loan from Russia.
After 5-hour talks with Orban, Russian President Vladimir Putin said Russia is ready to provide additional funding for the construction of a railway around Budapest.
According to Putin, Russia is ready to provide a loan of $ 2 billion.
"The Prime Minister raised such a question. I think we will solve it. $ 2 billion is a possible amount …
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Poland to send weapons to Ukraine
Poland will provide Ukraine with Polish-made man-portable air-defense system Grom, drones and various ammunition, said Polish Prime Minister Mateusz Morawiecki ahead of his visit to Kyiv on February 1, reports Ukrinform.
"We are in solidarity with our neighbors as they are facing threats from Russia. But solidarity and the words are currently not enough. We need to turn them into action. That is why we are ready to deliver defensive weapons," he said.
Morawiecki clarified that Poland will be …
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Russia sharply increases gas supplies to Europe through Ukraine after Britain and US threaten to impose sanctions against Putin’s oligarchs
Russia is significantly increasing gas supplies to Europe through Ukraine amid negotiations with the West on security guarantees, where the Kremlin was offered a "carrot" in the form of negotiations on the non-deployment of missiles and a "stick" in the form of tough sanctions, including against the inner circle of Russian President Vladimir Putin.
Since February 1, Gazprom has doubled transit through the Ukrainian gas transit system and brought it almost to the volume required by the long- …