In 2021, the Chinese authorities plan to intensify trade and economic cooperation with Russia in order to increase bilateral trade to $200 bln, official representative of the Ministry of Commerce of China Gao Feng said on Thursday, TASS reports.
According to him, through joint efforts, in 2021, the Chinese-Russian economic...
Russia has blocked the EU's request for the establishment of a new arbitration panel at the World Trade Organization (WTO) on a dispute regarding pork imports from the EU, Russia’s Economic Development Ministry said in a statement Tuesday, according to TASS news agency.
"At the regular meeting of the WTO Dispute...
Russia has radically slashed its reserve of U.S. Treasury bonds, leaving the top-30 list of biggest lenders to the United States, instead buying gold in order to protect and insulate the country’s economy amid sanctions from the West.
Russian ownership of U.S. Treasury bonds dropped from $96.1 billion in...
Demand for long shelf-life products, household chemicals and personal hygiene items skyrocketed in Russia in February amid a global scare of the coronavirus, Vedomosti reports citing a number of retail networks and manufacturers.
Infoline Analytics Director General Mikhail Burmistrov says that coronavirus fears are the main reason for the growing demand. Many...
China’s state run shipping conglomerate Cosco is in talks to take a stake of up to 49% in Russia’s largest state-run shipping firm Sovcomflot, according to Morvesti.ru.
The Chinese giant has tabled a bid to take an initial 30% stake, rising to 49% in the future, the report says. Russian authorities...
Tensions between the White House and Washington’s ambassador to the United Nations Nikki Haley spilled into public view on Tuesday as confusion reigned over the president’s plans for further sanctions against Russia, CNN reported.
Less than two days after Haley declared the U.S. would impose fresh sanctions against Russian companies...
China has relinquished its position as Russia's primary importer of food goods, having ceased purchasing Russian fish and reduced its imports of Russian poultry, Rossiyskaya Gazeta writes.
Turkey took the lead in Russian food product delivery at the end of August, having increased purchases of Russian grain and sunflower oil.
Russia...
The ongoing trade war between the United States and China benefits mainly developing Asian states, a study by the Asian Development Bank (ADB) reveals, according to Vedomosti.
The standoff between the world’s two largest economies is changing global supply routes, allowing Asian countries to increase supplies to the U.S. market,...
Russia’s Deputy Foreign Minister Sergey Ryabkov said on Thursday that the United States has not yet formulated its proposals on the format and composition of the American-Russian Business Council, RIA Novosti reports.
"Unfortunately, the composition of the business council has not been coordinated yet as the sides continue to discuss...
Russian Prime Minister Dmitry Medvedev said on Wednesday that the Russian government needs to take more steps this year to accelerate the country's economic growth, TASS news agency reports.
"We need additional measures to warm up the economy somewhat this year," Medvedev said at a meeting with senior government officials,...
