Phone talks between US President-elect Donald Trump and Russian President Vladimir Putin are expected within the “coming days and weeks,” incoming US National Security Adviser Michael Waltz believes. The potential call could serve as the foundation for further negotiations and an in-person meeting between Trump and Putin, Waltz told ABC …
Read More »On June 28, Iran will hold presidential elections following the tragic death of the country’s former president Ebrahim Raisi in a plane crash on May 19. Some believe that the president doesn’t have any real power in the Islamic Republic, but this is not true. The Iranian president does not …
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Chinese leader Xi Jinping could travel to Central Asia in September to meet with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization (SCO) summit, the Wall Street Journal reported on Friday, citing sources familiar with the matter. According to the sources, Xi’s office indicated this week …
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Russia appears to be on track for a much shallower recession than was initially expected this year, Bloomberg reported on Wednesday, citing experts. Surging oil shipments have blunted the impact of US and EU sanctions, they say. According to the publication, economists from JPMorgan Chase, Citigroup, and other big banks …
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Russian government restrictions on exports of gasses used in semiconductor production may exacerbate the shortage of chips in the global market and further increase prices, the Global Times reported this week, citing sources. Xiang Ligang, director-general of the Beijing-based Information Consumption Alliance, told the outlet that the restrictions could affect …
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The European Union has frozen roughly €23 billion ($24.5 billion) worth of assets of the Russian Central Bank, Reuters reported, citing EU Justice Commissioner Didier Reynders, who revealed the figure at a news conference on Wednesday. The amount is much smaller than expected out of the reported $300 billion frozen …
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Russia’s economy is coping better with Ukraine-related Western sanctions than could be expected, JPMorgan Chase said in a note to clients dated last week and made public on Monday. According to the biggest US investment bank, business sentiment surveys from the country “are signaling a not very deep recession in …
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Prices of consumer goods continue to soar across America, the latest official print of the Consumer Price Index confirmed on Wednesday, showing price growth at 8.3% over the last 12 months as of April. This marks the eleventh straight month of inflation registering over 5% and exceeds the 8.1% expected by …
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Russia will see its income from the oil sector rise sharply this year and reach more than $180 billion, despite production cuts related to international sanctions, suggests a report published by independent research house Rystad Energy on Monday. Thanks to the rising oil prices, Russia’s tax revenues will be 45% …
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The European Commission is set to propose a new broad package of sanctions on Russia over the conflict in Ukraine, media reported on Tuesday. According to the Wall Street Journal, among the expected measures are a ban on Russian coal, restrictions on access of Russian trucks and ships to the …
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