Forex reserves totaled $595.6 billion compared to $593.8 billion a week earlier. Russia’s international reserves are highly liquid foreign assets consisting of monetary gold, foreign currencies and Special Drawing Rights, which are at the disposal of the Central Bank of Russia and the government. The latest growth is reportedly attributed …
Read More »Russia to pump 5.6 billion cubic meters of natural gas through Nord Stream 2 pipeline in 2021 – Gazprom
The project was 99% complete as of July, with the pipe-laying barge Fortuna working at the final section. Gas flows via Nord Stream 2 are expected to begin as early as October, and the volumes may well exceed expectations, according to experts. “If we assume that in December the pipeline …
Read More »Mexico sues US-based gun makers seeking $10 BILLION in damages over illegal arms trafficking
The landmark lawsuit was brought before the US District Court for the District of Massachusetts on Wednesday. The suit alleges that units of top US gun makers, including Colt, Smith & Wesson, Barrett, Glock, and Ruger, indulged in negligent business practices and knew their activities produced illegal arms trafficking in …
Read More »IMF’s $650 billion in pandemic relief will mostly go to rich countries
“The Board of Governors of the IMF… approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion on August 2, 2021, to boost global liquidity,” IMF Managing Director Kristalina Georgieva said in a statement made public on Monday. Georgieva called the decision “historic” and “a shot in …
Read More »The Man with the Money: How Michael Calvey went from billion-dollar Moscow investor to facing years behind bars in a Russian jail
Accused of dodgy dealing, the businessman was locked up in the notorious Matrosskaya Tishina prison, on the outskirts of the Russian capital, within days. After months of appeals he was released, first to house arrest in his upmarket residential building and, later, he was allowed to go out subject to curfew …
Read More »Russia rejects Dutch court ruling to hand $5 BILLION of taxpayers’ cash to ex-oligarchs over collapse of Yukos oil & gas empire
The office of the country’s Prosecutor General said on Thursday that it does not acknowledge the validity of the decision, by the International Arbitration Court in The Hague. Authorities said that Russia would “appeal the decision without fail,” questioning both the basis of the judges’ jurisdiction and the claims themselves. …
Read More »America’s billion-dollar gas game: Nord Stream 2 threatens US energy exports to Europe. No wonder Washington wanted to block it
However, efforts to draw a line under the debate over the almost-finished energy link have clear-ly not pacified Ukraine’s foreign minister. Dmytro Kuleba was quick to reply to the news on Wednesday, saying in a joint statement with Poland’s foreign minister that the proposals put forward to alleviate the “security …
Read More »Russia inks deals worth over $3.5 BILLION during MAKS 2021 Air Show
Major domestic aviation deals included the sale of Sukhoi Superjet 100 and IL-114-300 aircraft, as well as Mil helicopters. Other agreements included deliveries of unmanned aerial vehicles, engines, aviation electronics, radars, aircraft munitions, and armored and motor vehicles. Russia’s state defense conglomerate, Rostec, announced agreements worth over $3 billion for …
Read More »Johnson & Johnson, leading US drug distributors agree to $26-billion settlement with states over their roles in opioid epidemic
Attorneys general from seven states announced the deal on Wednesday, saying that Johnson & Johnson will pay $5 billion and distributors McKesson, Cardinal Health and AmerisourceBergen will pay about $21 billion combined. The money will be paid out over time – nine years for Johnson & Johnson and 18 years …
Read More »MPs backed £4-billion cut to UK foreign aid budget – No, it’s not a Scrooge-like move, because charity begins at home
Personally, I am glad to see a reduction in the foreign aid budget, but some Conservative MPs joined with Labour and voted against the cut. They claimed that it would harm the UK’s standing in the world and result in disease and deaths. The fear of losing the vote led …
Read More »