Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
Russia McDonald’s new owner set to reopen, expand -Forbes
(Reuters) – McDonald’s Russia aims to reopen all restaurants in two months, its new owner Alexander Govor was quoted as saying on Friday, and to expand to 1,000 locations from the 850…
Russia, China not interested in working with U.S. on N.Korea – U.S envoy
SEOUL – China and Russia are clearly not interested in working with the United States to manage North Korea’s nuclear and missile arsenal, Washington’s nuclear envoy said on Friday, after Beijing and…
West’s “irrational fear” of Russia driving ceasefire push: Ukrainian negotiator
(Reuters) – A Ukrainian presidential advisor and peace talks negotiator accused Europe and the United States of having an “irrational fear” of Russia in an interview released on Wednesday by news agency…
OPEC mulls excluding Russia from oil-production deal – WSJ
(Reuters) – Some OPEC members are considering the idea of suspending Russia in an oil production deal as Western sanctions hurt the nation’s ability to produce more, the Wall Street Journal reported…
U.S. can offer ‘comfort letters’ to help Russia grain, fertilizer exports – U.S. envoy
UNITED NATIONS – The United States is prepared to give “comfort letters” to shipping and insurance companies to help facilitate exports of Russian grain and fertilizer, U.S. Ambassador to the United Nations,…
Factbox-How much oil does the European Union import from Russia?
(Reuters) – The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow’s invasion of Ukraine. The ban…
EU’s phased-in oil embargo allows Russia time to adjust, say analysts, sources
(Reuters) – Europe’s phased-in rather than immediate embargo on Russian oil gives Moscow time to re-route volumes to new customers in Asia in the next six months, Russian analysts and traders said…
Russia extends quotas for fertiliser exports to help domestic farmers
(Reuters) – Russia has set quotas for fertiliser exports in July through December, saying in a statement on Tuesday it aimed to secure a sufficient amount of the crop nutrients for domestic…
Russia eyes gas-for-roubles template for foreign Eurobond payments
(Reuters) -Russia is considering paying Eurobond holders by applying the mechanism it uses to process payments for its gas in roubles, though investors said the move would not enable Russia to avoid…
Business lobby sees 2% hit on Italy’s GDP if Russia stops gas
MILAN – Italy’s business lobby Confindustria forecasts an almost 2% hit on the country’s gross domestic product (GDP) on average per year in 2022 and 2023 in case of a stop of…
Ukraine aide says any Moscow deal not worth ‘broken penny’, Zelenskiy says Russia officials powerless
KYIV -Ukrainian presidential adviser and peace talks negotiator Mykhailo Podolyak said on Saturday that any agreement with Russia could not be trusted, adding the only way to stop Moscow’s invasion was by…
Russia working on new mechanism to service foreign debt – finance minister
(Reuters) – Russia will prepare a settlement mechanism before June payouts that will allow it to service its dollar-denominated foreign debt, Finance Minister Anton Siluanov said in a TV interview aired on…
Russia will continue to service external debt in roubles, minister says
(Reuters) – Russia will keep on paying its state Eurobond obligations in roubles and will defend its role as a reliable borrower by all possible means, Finance Minister Anton Siluanov said on…
McDonald’s Russia restaurants to reopen under new brand from June 12, says local company
(Reuters) – McDonald’s Russia said on Thursday it plans to reopen restaurants to the public from June 12 under a new brand that will be introduced separately, after the burger chain said…
Ukraine’s richest man plans to sue Russia for huge losses
KYIV – Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns…
Russia says Western reporters to be expelled if YouTube blocks foreign ministry briefings
(Reuters) – Russia’s foreign ministry said on Thursday that reporters from Western countries will be expelled from Russia if YouTube blocks access to its spokeswoman’s briefings. Spokeswoman Maria Zakharova, who holds a…
U.S. Treasury pushes Russia towards default: What next?
By Karin Strohecker and Sujata Rao LONDON – Russia edged closer to a historic debt default on Wednesday after the United States decided against extending a key license that had allowed Moscow…
Russia records marginal weekly deflation ahead of rate-setting meeting
(Reuters) – Russia recorded its first weekly deflation for the first time since August 2021, data showed on Wednesday, a day before an extraordinary rate-setting meeting that the central bank plans to…
Russia to service external debt in roubles, ministry says
(Reuters) – Russia will service its external debt in roubles, which can be converted into the currency of the original Eurobonds at a later date, the finance ministry said on Wednesday, as…
EU to make breaking sanctions against Russia a crime, seizing assets easier
By Jan Strupczewski BRUSSELS – The European Commission proposed on Wednesday to make breaking European Union sanctions against Russia a crime, a move that would allow EU governments to confiscate assets of…
Russia will start a pilot project for ‘digital’ rouble from April – cbank
(Reuters) – Russia will start a pilot project using its “digital” rouble with real customers and real transactions from April 2023, its central bank said on Wednesday, adding that the project would…
Factbox-Global banks pay price of Russia retreat
By Valentina Za MILAN – Leading international banks exposed to Russia booked more than 11 billion euros ($12 billion) in provisions in the first quarter to brace for potential losses. Following are…
U.S. says China and Russia bomber drill shows depth of their alignment
By Michael Martina WASHINGTON – A joint strategic bomber exercise by Russia and China in East Asia on Tuesday shows the depth of the two countries’ alignment, a senior U.S. administration official…
China and Russia hold first military exercise since Ukraine invasion
(Reuters) – China and Russia’s air forces conducted a joint aerial patrol on Tuesday over the Sea of Japan, East China Sea and the Western Pacific, China’s defence ministry said. The patrol,…
Russia cuts mandatory FX conversion level for exporters to 50%
(Reuters) – Russia is cutting the proportion of foreign currency revenues that exporters must convert into roubles to 50% from 80%, the finance ministry said on Monday, after the policy contributed to…
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