The credit rating agency Moody’s predicted that the “economic catastrophe” that Russia will suffer due to the West’s retaliation for its invasion of Ukraine will slow down the growth of the global Gross Domestic Product (GDP), mainly due to the effect of rising energy prices and raw materials. cousins. A team of company analysts analyzed […]
Tag: Russia
Chinese companies helping Russia could be cut off from US equipment, Commerce secretary says
Updated on 03/09/2022 01:42 pm Chinese companies that defy restrictions against exporting to Russia could be deprived of the US hardware and software they need to make their products, US Commerce Secretary Gina Raimondo said. The United States could “basically shut down” Semiconductor Manufacturing International Corp or any Chinese company that defies US sanctions for […]
Borrell to the Europeans: lower the heating to pay the price of the war
The High Representative of the European Union for Foreign Affairs, Josep Borrell, asked European citizens on Wednesday to “turn down the heat in your houses”, because you have to “pay a price” by “cut the umbilical cord” with the Russian economy because of the war in Ukraine. “The first thing we have to do is […]
Can Spain be an alternative supplier of gas to Europe?
Linked by a gas pipeline to Algeria and equipped with large regasification terminals, Spain could be an alternative to reduce Europe’s dependence on Russian gas, but that would imply enormous work to improve connections with the rest of the region. “Spain can play an important role in supplying” Europe’s energy sector, the president of the […]
Davos World Economic Forum suspends relations with Russia
Updated on 03/09/2022 12:32 pm The World Economic Forum (WEF), which will be held in Davos (Switzerland) from May 22 to 26, decided to suspend its relations with Russia and will not maintain any links with persons or entities subject to sanctions, as reported on Wednesday. “Following its condemnation of Russia’s ongoing attack on Ukraine, […]
Russia Says US Has Plague And Anthrax Biolabs In Ukraine; Washington denies it
Russia’s government has claimed the United States must explain what Moscow claims was a military biological program developed in Ukraine, a charge Washington dismissed as “absurd” disinformation. Russian Foreign Ministry spokeswoman Maria Zakharova said evidence of the alleged program was discovered by Russia during what it calls its military operation in Ukraine, which its forces […]
Military deaths in Russian invasion of Ukraine increase vertiginously and would add up to thousands
After two weeks of Russian offensive in Ukraine, the human and material toll of the most serious military conflict in Europe since World War II is rising sharply: avalanche of deaths, exodus of refugees and large number of equipment destroyed. Thousands of military dead The high number of victims after two weeks of conflict testifies […]
Oil Price Rises to $130 After US Ban on Russian Crude Imports
Oil prices rose on Wednesday on fears of a possible supply crisis following the US ban on imports of Russian crude, and signs that some buyers are already rejecting them. Brent crude futures were up $2.91, or 2.27%, at $130.89 a barrel by 0520 GMT, after rising 3.9% the day before. US West Texas Intermediate […]
The Economist: Vladimir Putin is an imperialist, but China doesn’t care
For the ardent revolutionaries running China in 1968, the Soviet invasion of Czechoslovakia was a monstrous crime, but not a surprise. Watching from Beijing, Chairman Mao Zedong and his aides saw the vindication of a long-standing suspicion: that the once-proud Soviet Union was now ruled by “socialist imperialists”, along with the capitalists in charge of […]
China assesses stake in Russian energy, commodity companies
China is considering buying or increasing stakes in Russian energy and commodity companies, including gas giant Gazprom PJSC and aluminum producer United Co. Rusal International PJSC, according to people familiar with the matter. Beijing is in talks with its state-owned companies, including China National Petroleum Corp., China Petrochemical Corp., Aluminum Corp. of China and China […]