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Japan won’t quit Russian LNG project even if told to – minister

Japan will not withdraw from Russia’s Sakhalin-2 liquefied natural gas project even if it’s told to do so, the country’s industry minister told parliament on Tuesday. The comments follow criticism from Russia last week accusing Japan of benefiting from its participation in the project while being an “unfriendly nation” that …

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Strong ruble may pose risk to Russian economy – minister 

The ruble’s rapid gains may pose a risk to the country’s economy in the future, Economy Minister Maxim Reshetnikov told reporters earlier this week. “The current exchange rate is a problem in the long run, because the real effective exchange rate is 40% stronger than in the last five years,” …

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Default won’t affect Russians – finance minister

While the US is trying to push Russia into default on its foreign debt by blocking payments to bondholders, Moscow will do everything to avoid this from happening, Finance Minister Anton Siluanov said on Thursday. According to him, Russia will offer a tool that will allow all bondholders to receive …

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Russian economy minister responds to calls for WTO exit

Russia needs to keep its place in the World Trade Organization despite Ukraine-related Western sanctions, Economy Minister Maxim Reshetnikov said in response to a bill demanding Moscow quit the WTO. “In an attempt to deprive Russia of the benefits of WTO membership, a group of sanctioning countries is attempting to …

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Finland ‘not afraid’ of Russia – minister

Helsinki would strengthen NATO and bring a lot of “added value” to the US-led military alliance, claimed Finnish Minister for European Affairs and Ownership Steering, Tytti Tuppurainen, in an interview with Sky News on Saturday. Finland’s push for NATO membership, which has been reinvigorated amid the Ukrainian crisis, is “about …

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Global sport can’t develop without Russia – minister

Russian Sports Minister Oleg Matytsin has warned “cunning” outside forces against attempting to isolate his country, stressing that global sport cannot hope for successful development without Russian participation. A host of federations across a variety of sports have imposed bans on Russian and Belarusian athletes in the wake of Moscow’s …

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World risks ‘worst famine since WWII’ – German minister

The world is about to face an acute food crisis due to skyrocketing food prices, German Economic Cooperation and Development Minister Svenja Schulze told Bild newspaper on Saturday, warning about a looming famine not seen since World War II. The minister has named Covid-19 pandemic and Russia’s ongoing military operation …

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No EU fast-track for Ukraine – Austrian minister

Ukraine’s accession to the European Union will not happen “in the next five to ten years,” Austrian EU Affairs Minister Karoline Edtstadler has predicted. Austria’s foreign minister has expressed a similar view, despite European Commission President Ursula von der Leyen’s insistence that Ukraine will be swiftly ushered into the bloc. …

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Hungary ‘unfairly’ attacked over sanctions – foreign minister

Hungarian Foreign Minister Peter Szijjarto has said that his country has been receiving unjustified attacks for being honest about its dependence on energy supplies from Russia. “We’re looking at this issue solely from the perspective of Hungarian national interests. We’re not interested in what the East or the West thinks …

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