Tag Archives: trade:

Russia-China trade and economic cooperation has been expanding, with over 80% of settlements between the two nations currently made in rubles and yuan, President Vladimir Putin has revealed. DETAILS TO FOLLOW

Economic ties between Russia and China are showing steady growth despite the difficult international situation, Beijing’s ambassador to Moscow said on Friday, predicting that trade could hit $200 billion this year. “Russian-Chinese trade and economic cooperation shows excellent results and sustainable development, despite the tests associated with the pandemic, the …

Iran’s official foreign currency exchange has listed the Russian currency and launched trading in the ruble/rial currency pair, the IRNA news agency reported on Tuesday. The listing comes ahead of President Putin’s visit to Tehran, and has been described by the head of Iran’s Central Bank as “an important step …

Bilateral trade between Russia and Turkey saw enormous growth of 100% in April, according to Turkish Foreign Minister Mevlut Cavusoglu. The minister attributed the surge in commerce to soaring energy expenses arising from the crisis that has hit Europe over the past several months. Cavusoglu said Moscow and Ankara continued …

The Chinese government has insisted that Washington end its efforts to expand economic and military relations with Taipei after the latest round of talks between US and Taiwanese officials, arguing the moves threaten “peace and stability” in the region.  Commenting after the US declared a new initiative to bolster trade earlier this …

Russia and China are continuing to eliminate the US dollar from mutual trade as monthly volumes on the ruble-yuan pair have reportedly soared 1,067% to nearly $4 billion over the past three months. According to Bloomberg calculations, some 25.91 billion yuan, or $3.9 billion, have been exchanged for rubles on …

Ukraine-related Western sanctions are expected to strengthen ties between Russia and Thailand, boosting trade turnover between the nations to as much as $10 billion, according to Russian Economy Minister Maxim Reshetnikov. “The level of $10 billion that we had previously set is still a goal, and an achievable one,” he …

Amazon founder Jeff Bezos has blamed the Biden administration for trying to mislead the US public on inflation, arguing that increasing taxes on corporations and the wealthy won’t reduce consumer costs. The war of the words broke out over the weekend when Joe Biden tweeted that making sure that “the …

Taiwanese Foreign Minister Joseph Wu hopes the world would impose sanctions on Beijing if it attacked Taipei, similar to those faced by Moscow over its offensive in Ukraine. China stated that it would not be intimidated by talks about sanctions and isolation, warning against ‘copy-pasting’ the Ukraine crisis into the Asia Pacific. …

Russia’s Ministry of Industry and Trade on Friday published a list of goods allowed for parallel import into the country. The mechanism, which will circumvent the Western embargo on the export of goods to Russia by importing them from third party countries, will become effective on May 6. The list …