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Nordic leaders betraying their national interests – Russia

Russia has criticized accusations that it poses a threat to Sweden and Finland amid their sudden drive to join NATO. Leaders in the Nordic states have recently expressed a desire to enter the US-led military bloc following Moscow’s military attack on Ukraine. “These claims [over an alleged Russian threat] are unintelligent. They are …

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Russia will not nationalize foreign firms’ assets – top senator

The nationalization of assets belonging to foreign companies that quit Russia is not on the table, the country’s top senator said on Wednesday. Speaking before Parliament, Valentina Matvienko commented on reported plans in Germany to nationalize energy companies. “We don’t want to turn into raiders, like our opponents do. Nationalizing …

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Pentagon warns of ‘dramatic’ increase in space challenges

Competition from rival nations Russia and China that the US and its allies face in the space domain has increased “dramatically,” the Defense Intelligence Agency (DIA) said on Tuesday. Moscow and Beijing are also cooperating in space exploration and may soon start exploiting the Moon’s natural resources, US military officials …

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UK sees highest inflation in 30 years

The annual rate of inflation in the United Kingdom shot up 7% in March, the highest level recorded since 1992, according to the Office for National Statistics (ONS). Data released on Wednesday showed that the largest contributors to the trend were increased fuel prices and energy bills. The consumer price …

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Top oil trader to ditch Russian crude

The world’s biggest independent oil trader, Vitol, expects to stop trading Russian crude by the end of this year, Bloomberg reported on Tuesday. Vitol “intends to cease trading Russian origin crude oil and product, unless directed otherwise,” Bloomberg quotes an email from the company spokesman, which goes on to say that …

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Threat made to Ukrainian opposition leader

Opposition leader Viktor Medvedchuk should be swiftly tried, sentenced and physically assaulted before an attempt is made to swap him for Ukrainian soldiers captured by Russia, an advisor to Ukraine’s interior minister told Ukrainian television on Wednesday. President Volodymyr Zelensky suggested an exchange after announcing the politician’s arrest on Tuesday. “At …

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World Bank considers massive loan to Ukraine

The World Bank’s President David Malpass said on Tuesday the lender is preparing a $1.5 billion support package for war-torn Ukraine. The loan will include a $1-billion payment from the development lender’s fund for the poorest countries. According to Malpass, who was speaking in Warsaw, the package was enabled by …

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Russia claims mass surrender of Ukrainian marines

More than 1,000 service members of Ukraine’s 36th Marines Brigade have surrendered in the port city of Mariupol, the Russian Defense Ministry claimed on Wednesday during a daily briefing. According to a Russian military report, the troops laid down their arms at the Illich Steel and Iron Works, a giant …

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Russian economy finds cure for sanctions

Mutual trade between Russia and China amounted to nearly $38.2 billion (243.03 billion yuan) in the first three months of the current year, marking substantial growth of 27.8% in yuan terms compared to the same period a year ago. China’s exports to Russia surged 25.9% to $16.44 billion, while Russia’s …

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French presidential contender weighs in on Russian sanctions

French presidential candidate, Marine Le Pen, in an interview on Tuesday, raised her voice against imposing sanctions on Russia’s energy exports since, she believes, the French will have to pay dearly for those restrictions. Le Pen noted that she is not against anti-Russian sanctions in other sectors of the economy. …

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