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Tag Archives: trade:

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Russia-Turkey trade doubles

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 …

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China slams US-Taiwan trade talks

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 …

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Ruble-yuan trade soars over 1,000%

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 …

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Bezos and White House trade jibes over inflation

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 …

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Taiwan reveals why it sanctioned Russia despite minimal trade ties

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. …

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Moscow allows foreign goods under trade embargo

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 …

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EU urges India and neighbors to ditch Russia trade

European Commission President Ursula von der Leyen has urged India to drop its trade in oil and gas with Russia, insisting that such business is not “sustainable.” She spoke while in the South Asian country for a multinational conference. The fighting in Ukraine, which has not spilled over into any …

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Russia urges allies to dump dollar and euro in trade

Russia should increase settlements in national currencies with partner countries, Denis Manturov, head of the Russian Ministry of Industry and Trade, said at the plenary session of the Innoprom international exhibition in Uzbekistan on Monday. He was addressing countries within the Eurasian Economic Union (EAEU), BRICS and the Shanghai Cooperation …

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Trade body predicts who will suffer most from gas price spike

Prospects for the global economy have darkened since the outbreak of conflict in Ukraine, the World Trade Organization (WTO) said in a new report published on Tuesday. It has forecast that record-breaking prices for natural gas would hurt Europe the most. According to the report, the most immediate economic impact …

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