The situation in the Russian financial market over the next few days can be compared to the worst period of 2008 crisis, says the Deputy Chairman of Russian Central Bank Sergey Shevtsov. “There are plenty of issues. In the coming days, I believe, the situation will be comparable to the most difficult period of 2008, … Continue reading
What are the prospects for a country with no stock market (ok there is one, but there are only two stocks and foreigners cannot buy them), that lacks a real banking system and is only just emerging from isolation for the first time in 50 years? Are companies unrealistic in thinking there can be … Continue reading
Russia is reacting to the economic war which NATO is waging against her in the way she would have reacted in a conventional war. She allowed herself to be hit by unilateral “sanctions” in order to better lead the opponent to a battleground of her own choosing. Simultaneously, she has signed agreements with China to … Continue reading
By Dr. Valbona Zeneli Chinese Premier Li Keqiang will soon visit Europe again to participate in the Central and Eastern European (CEE) – China Summit to be hosted in Belgrade. This visit is a continuation of last year’s 16+1 initiative held in Bucharest which appeared to offer considerable promise. At that meeting, leaders called for … Continue reading
The Russian military has concluded a massive surprise drill in the Kaliningrad region to test the combat readiness of some 9,000 troops and 642 vehicles, including tactical Iskander-M ballistic missile systems rapidly deployed from the mainland. The drills took place December 5-10, the head of the main Operation Directorate of General Staff, Lieutenant General Andrey … Continue reading
Russian companies of the military-industrial sector were the only in the world that managed to increase sales in 2013 by 20 percent, a report from the Stockholm International Peace Research Institute (SIPRI) said. The report that was published on Monday analyzed the state of global arms trade. The turnover of the world’s largest 100 arms … Continue reading
By Ben Aris in Moscow BNE The Russian ruble crashed again on December 15, in the biggest fall since the last big crisis in 1998. The Central Bank of Russia (CBR) belatedly stepped in with a huge interest rate hike overnight, but it has been roundly criticised for being “behind the curve” and unnecessarily threatening the … Continue reading
By Daisy Sindelar Russian President Vladimir Putin traveled to Ankara on December 1 for talks with his Turkish counterpart, Recep Tayyip Erdogan, on foreign policy, energy, and a potential trade deal worth $100 billion. The talks come as the two leaders are divided on a number of foreign policy issues, most notably Syria — where Putin stands … Continue reading
Brazil more than doubled pork supplies to Russia from January to November 2014 year-on-year, TASS said. In October Russia accounted for 46.8 percent of Brazilian pork exports, earning exporters 60.67 percent of their revenues, according to the vice-president of the Brazilian Association of Animal Protein (ABPA), Fransisco Turra. Supplies in January-November were worth $766.3 million, … Continue reading
Growth in China’s factory output slumped again in November, AP reported. Industrial production rose by 7.2 percent over the previous year, according to government data published on Friday. The figure, which was down from October’s 7.7 percent growth and September’s 8 percent rate, is seen as a new sign of weakness in the world’s second-largest … Continue reading