Germany will see its major industries like steel, chemicals and paper shut down in a matter of weeks if it’s left without gas, oil and coal from Russia, the country’s top industrial unions have said. The heads of IG Metall, IGBCE and IG Bau unions held a joint press-conference in …
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A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told CNBC on Wednesday. The arrangement would allow India and Russia to carry out financial operations bypassing the US dollar. Russia …
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Foreign manufacturers have refused to supply components for Russia’s domestically-built MC-21 aircraft, Russian Industry and Trade Minister Denis Manturov said. According to the minister, the nation’s state-run United Aircraft Corporation (UAC) will put into operation two MC-21 aircraft instead of the previously planned four. The delivery of the jets is …
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Germany is calling for discussions about the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the US, which were halted by former US President Donald Trump, to be revived. “We should resume negotiations on a transatlantic free trade agreement,” Christian Lindner, the finance minister of Europe’s number-one economy, …
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South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help local firms finance trade that’s been made difficult by international sanctions against the country over its military operation in Ukraine, Yonhap News Agency reported on Friday. The measure – to …
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Russia should face a complete ban on trade with the members of the EU as part of the tougher sanctions over the military operation in the neighboring Ukraine, Polish Prime Minister Mateus Morawiecki has said. “Poland is proposing to add a trade blockade to this package of sanctions as soon …
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Malaysia’s Ministry of International Trade and Industry announced on Friday that the Regional Comprehensive Economic Partnership (RCEP) has come into force in the country. The free-trade agreement encompasses an estimated 30% of both the world’s population and of its global GDP. According to the ministry, Malaysia is expected to be …
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The US House has passed a bill to suspend normal trade relations with Russia and Belarus, opening the door to new tariffs as the latest punishment of Moscow over its military offensive in Ukraine. The legislation passed the House on Thursday with just eight lawmakers, all Republicans, voting against it. …
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The Japanese government will expand Ukraine-related export and financial sanctions against Russia and Russian businessmen, in line with similar measures taken by Washington and Brussels last Friday. “We intend to ban the export of luxury goods to Russia and ban the import of certain Russian goods,” Prime Minister Fumio Kishida …
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“Manilla, 2007. The chauffeured Mercedes crawled south for half an hour in the interminable traffic – the turbid waters of Manilla Bay on the right. The middle-aged men packed inside the cars were in an exuberant mood … Leonard Glenn Francis was taking out the senior commanders of the US …
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