Thursday, April 25, 2024
With Moscow quitting prominent European weapons exhibitions in France and Britain, hopes are high that Russian equipment and weapons will become popular in Southeast Asian countries, Kommersant daily reports. This week a delegation from Russia will hold negotiations with key players in the region, including Malaysia, Thailand, and Sri Lanka within...
Shares, bonds and metal of Russian aluminium giant Rusal were top sellers on Wednesday as international financial groups took action to distance themselves from the company after it became a target for United States-imposed sanctions, Reuters reported. The Russian government pledged to provide Rusal with short-term liquidity and offer other...
The shares of Rusal, the world’s biggest aluminum producer outside China, plunged 50 percent in the Hong Kongstock exchange following U.S. imposed sanctions on the firm and its billionaire owner Oleg Deripaska, Bloomberg reports. The development could have a devastating effect on the global aluminium market. The company is...
The Indian Air Force on Friday set in motion the process of acquiring a fleet of 110 fighter jets, one of its largest orders in recent years, in a bid to shore up its fast-depleting squadron strength. According to a statement on the defense ministry’s website, at least 85% of...
Russia’s government and representatives of Russian companies will discuss measures to respond to new U.S. trade tariffs on steel and aluminium in the coming days, Deputy Prime Minister Arkady Dvorkovich said on Friday, according to Reuters. Russia said in March it will likely prepare a list of restrictions on...
India and Russia have started to move forward on a deal to supply New Delhi with the powerful S-400 air and missile defense system. However, in case the deal goes through, India might come under American sanctions because of the new Countering America's Adversaries Through Sanctions Act that was...
Poland on Wednesday signed off on a $4.75 billion deal to buy the latest Patriot air and missile defense system, a move to upgrade the country’s air defenses that took years to negotiate, Bloomberg reports. The Polish government signed a letter of offer and acceptance with the United States for the...
U.S. sanctions against Russia haven’t had the desired effect of forcing Russian airlines to use fewer Western-made aircraft, The Jamestown Foundations reports. Instead, the sanctions lead Russian aircraft manufacturers to turn to domestic resources, owned by the state and Kremlin-friendly oligarchs, the report said. Russia is an aviation powerhouse, both...
U.S. President Donald Trump’s steel and aluminum tariffs met a barrage of criticism at a World Trade Organization (WTO) meeting on Friday, as the European Union, Japan, Australia, and others joined a debate started by China and Russia, Reuters reported. The EU representative at WTO dismissed U.S. assertions that the steps...
A criminal investigation has been opened in the U.S. into a Florida factory that makes rifles modeled after the iconic Soviet AK-47 assault rifle and is run by executives with ties to top allies of Russian President Vladimir Putin, Bloomberg reports. Kalashnikov USA’s 2015 request for state and local tax breaks...