Latest News for: Economy russia

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Biden, Trudeau say 'inseparable' nations won't fail Ukraine

Niagara Gazette 25 Mar 2023
But Biden argued that Western resolve remains stronger and warned Russia that the U.S., Canada and their allies would defend “every inch of NATO territory.". The president also bristled at the notion that Russia has managed to expand a partnership with Beijing that is allowing Moscow to sustain its economy and war effort despite the U.S.
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Editorial: Xi has been an apologist for Putin. Will he also be his lethal arms supplier?

Courier Express 25 Mar 2023
For Ukraine, the war against Russia is existential ... Russia’s troubles, however, are self-inflicted ... The punishment that the administration of President Joe Biden and NATO allies imposed on Russia’s economy would have achieved the West’s aims, if it weren’t for Putin’s benefactor and bosom buddy, Chinese President Xi Jinping.
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Are China and Russia allies? Key takeaways from the Xi-Putin summit

Yahoo Daily News 25 Mar 2023
From the start of the war, the United States has warned China not to interfere on Russia’s behalf ... Western banks, investors and corporations swiftly pulled out of Russia in the spring of 2022; China was all too happy to take their place ... After all, there are few other options for Putin as he seeks to sustain Russia’s isolated, war-strained economy.
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Fri. 8:05 a.m.: EU leaders grapple with bank risks as economy weakens

The Vindicator 25 Mar 2023
BRUSSELS (AP) — European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine ... The European economy has been ...
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EU leaders play down bank risks as economy weakens

The Paducah Sun 25 Mar 2023
BRUSSELS (AP) — European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine ... The European economy has been slowing rapidly since ...
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Russia presses along Ukraine front after reports of Bakhmut slowdown

Reuters 25 Mar 2023
Fighting along Donbas front as Russia presses offensiveKyiv says civilians killed in strike on shelterRed Cross says civilians in Bakhmut at limits of survivalBiden and Trudeau reaffirm 'steadfast' support for Ukraine ... Russia denies atrocities.RUSSIAN ECONOMY BURDENED.
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Inflation in Russia Projected at 6% in March - Medvedev

Urdu Point 24 Mar 2023
Inflation in Russia is expected to reach about 6% in March and nearly 4% some time later, Russia's Security Council Deputy Chairman Dmitry Medvedev said in an interview with leading Russian media, including Sputnik, on Friday ... "By March, Russia will have an inflation of around 6%, ...
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Kazakhstan to Strengthen Screening of Re-Exports to Russia

Moscow Times 24 Mar 2023
The system, which a senior official told Eurasianet is due to come into effect on April 1, appears to be Kazkhstan's most concerted effort so far to show compliance with Western attempts to isolate Russia’s economy in response to the ongoing invasion of Ukraine ... news Sanctions Loophole Closed as Turkey Blocks Parallel Imports to Russia.
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Martin Schram: Xi, Putin 'no limits' pact has limits, after all

Henry Herald 24 Mar 2023
Xi Jinping and Vladimir Putin ended their Moscow summit this week by showcasing economic help and diplomatic support China will provide the now supplicant banana-less republic that is Putin’s Russia today ... While most nations' economies were growing in the past decade (until the shutdowns caused by COVID-19), Russia’s wasn’t — it shrunk.
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US warns Russia and China over dollar alternative

Russia Today 24 Mar 2023
Russia is conducting a rapid withdrawal from transactions in “unfriendly” currencies, against the backdrop of expanding EU and US sanctions ... Russia began de-dollarizing its economy in 2014, when Western countries introduced sanctions after Crimea voted to secede from Ukraine and reunify with Russia.
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Kiev labels Austrian bank ‘sponsor of war’

Russia Today 24 Mar 2023
The move comes in response to Raiffeisen Bank's decision to maintain business operations in Russia ... ECB pressuring major bank to leave Russia – Reuters. Raiffeisen, which has been operating in Russia since 1996, plays a critical role in the country’s economy, providing a lifeline for euro payments to and from Russia.
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Ukraine labels Austrian bank 'sponsor of war

Beijing News 24 Mar 2023
The move comes in response to Raiffeisen Bank's decision to maintain business operations in Russia ... Raiffeisen, which has been operating in Russia since 1996, plays a critical role in the country's economy, providing a lifeline for euro payments to and from Russia ... For more stories on economy & finance visit RT's business section.
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Xi's Siberia pipeline delay signals limits to his embrace of Putin

Beijing News 24 Mar 2023
Xi's trip offered Putin important moral support, and Chinese trade has bolstered Russia's economy, but the lack of a deal on Power of Siberia 2 showed the limits of what Xi is willing to do, said Janis Kluge, an expert on Russia's economy with the German Institute for International and Security Affairs.
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EU leaders grapple with bank risks as economy weakens

Federal News Radio 24 Mar 2023
BRUSSELS (AP) — European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine ... tied to Russia’s war in Ukraine.
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Moscow trip seen as a win for 'big brother' Xi

Urdu Point 24 Mar 2023
Recently indicted for war crimes, Russia's KGB spook-turned-president is grateful for any diplomatic support he can get ... "While the relationship is clearly unequal -- the Chinese economy is 10 times larger than Russia's -- and Moscow's dependency on China is rapidly growing, it's too early to call Russia a vassal state," said Ivanov.

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In this March 31, 2021, file photo provided by the National Task Force-West Philippine Sea, Chinese vessels are moored at Whitsun Reef, South China Sea.
AP / National Task Force-West Philippine Sea
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