Russia

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Foreign Investors Pull Out $36 Billion from Russia Following Business Sales

According to Russia’s RIA news agency, foreign investors have withdrawn approximately $36 billion from Russia after selling their Russian operations between March 2022 and March 2023, as reported by the Russian Central Bank’s analysis of data. In response to Russia’s military involvement in Ukraine since February 2022, many of the world’s largest companies have either …

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UAE Emerges as Leading Gold Trading Hub for Russia Amidst Western Sanctions on Ukraine Issue

In the wake of Western sanctions imposed on Russia in response to its aggression against Ukraine, the United Arab Emirates (UAE) has risen as a prominent gold trading center for the country. These sanctions have disrupted Russia’s original gold export routes, prompting a shift in trade dynamics. According to data from Russian Customs, between February …

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Britain Imposes New Sanctions on Russia, Focusing on Energy Sector and Grain Theft

In a concerted effort to respond to Russia’s actions and support Ukraine, Britain has announced a fresh wave of sanctions targeting specific sectors and individuals. The sanctions were unveiled during the G7 summit held in Japan over the weekend, with the United States and other G7 members joining forces to impose measures including export controls. …

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Germany Warns EU Against Targeting China in Sanctions Against Russia

Germany has cautioned the European Union (EU) against including China as a target of new sanctions on Russia in response to the ongoing Russian invasion of Ukraine. According to five diplomatic sources, Germany expressed its concerns during initial discussions on the proposed sanctions. The EU is currently deliberating its eleventh round of sanctions against Russia …

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UN Commends Russia’s Extension of Grain Export Agreement from Ukraine via Black Sea

The Secretary-General of the United Nations (UN) has expressed appreciation for Russia’s decision to extend the Black Sea Grain Initiative, allowing for the continued export of Ukrainian grain and other agricultural products through the ports in the Black Sea region. In a statement, the UN Secretary-General acknowledged the positive progress made and welcomed the confirmation …

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Russia Says OPEC+ Does Not Foresee the Need for More Oil Production Cuts

According to the Deputy Prime Minister of Russia, OPEC+ oil-producing countries do not foresee the need for further cuts in crude oil production. Despite lower than expected Chinese demand, the policy on oil production by OPEC+ has not changed. Russia has achieved its oil production target for this month after announcing a production cut of …

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Russia Slams UN for Not Fixing Grain Exports, Blaming Western Nations for Obstruction

The Russian Foreign Minister expressed disappointment yesterday, stating that Russia had made little to no progress in reaching an agreement with the United Nations (UN) to address barriers to its grain and fertilizer exports. Furthermore, Russia blamed Western nations for obstructing the resolution of these issues. Russia has warned that if its demands to remove …

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Iran and Russia Aim to Reduce US Influence on the Global Economy by Cutting US Dollar Spending

The Secretary General of Iran’s National Supreme Security Council (SNSC), Ali Shamkhani, has stated that weakening the US dollar’s role in the Middle East and international trade would reduce US influence on the global economy. During a meeting with Russian presidential aide Igor Levitin in Tehran on Sunday (April 9), Shamkhani highlighted that the process …

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