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Tag Archives: western

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Western military alliance to work on hypersonic weapons

Australia, UK and the US are going to expand their cooperation under the AUKUS trilateral pact to also include hypersonic technologies, the British government said in a statement on Tuesday. China was quick to condemn the announcement, with Beijing’s UN envoy Zhang Jun warning that it could “lead the other …

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Russian ex-president comments on Western sanctions

Former Russian president Dmitry Medvedev has compared recent Western sanctions to the methods of the Spanish Inquisition, a medieval Catholic Church institution used to combat heresy. The dark page of history has clear parallels with the sanctions which have been imposed on Russia in the wake of Moscow’s military operation …

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US tech giant joins mass exodus of Western firms from Russia

US chip-making giant Intel has suspended all business operations in Russia, citing Moscow’s military operation in Ukraine as the key reason for its decision. The California-based company said in a statement that it would support its 1,200 employees in Russia and “[implement] business continuity measures to minimize disruption to our …

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Ruble shrugs off Western sanctions

The Russian currency strengthened to more than a one-month high during trading on Tuesday, surging over 10% amid signs of progress in peace talks between Russian and Ukrainian negotiators. The looming ruble-for-gas payments deadline has also been lifting the currency. The ruble was trading below 83 against the US dollar …

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Will Western sanctions deal a fatal blow to Russia’s economy?

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Japan jumps on Western bandwagon in restricting Russian trade

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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