sia Russia to use Buk and Pantsir air defense systems to shoot down Israeli aircraft By english.pravda.ru Published On :: Thu, 29 Jul 2021 15:55:00 +0300 Russia will use Buk and Pantsir air defense systems against Israeli Air Force aircraft. Analysts say that Russian officials have repeatedly declared that Israeli aviation poses a threat to the Russian military in Syria. According to British publication Rai Al Youm, Russia may use its complexes to cover the Syrian sky from Israeli air raids. Experts of the publication note that Israel, while striking Iranian groups in Syria, endangers the Russian military. Full Article Opinion
sia Russia may strike nuclear blow not only on Kyiv, but also on Washington By english.pravda.ru Published On :: Thu, 01 Sep 2022 19:29:00 +0300 Alexander Perendzhiev, a member of the expert council of Russian Officers, candidate of political sciences, gave his assessment to the warning from American analysts about the likelihood of NATO troops entering Ukraine. According to him, the direct intervention of the United States and the North Atlantic Alliance in the Russian special operation in Ukraine will change the course of the operation and provoke a full-scale war with Russia. The presence of American and NATO military personnel on the territory of a neighboring country is a threat to the existence of the Russian Federation as a state, the political scientist explained. In this case, Moscow will resort to nuclear weapons, he stressed. Full Article Opinion
sia USA can still crush Russia, but it can also save the world from chaos By english.pravda.ru Published On :: Thu, 29 Sep 2022 15:52:00 +0300 The United States has been losing its global hegemony. The non-western world is opposed to the concept of global hegemony. Everything will happen within the next decade, Western analysts predict. Nevertheless, the Americans still have a chance to achieve the world order that suits them, if they make certain concessions, Jorgen Erstroem Moeller, former State Secretary of the Danish Ministry of Foreign Affairs wrote in an article for The National Interest. Moeller drew attention to Vladimir Putin's announcement of partial call-up of reservists, the referenda and saw a threat of the use of nuclear force. The situation is indeed very alarming, but the United States could now take the world out of chaos that was created by Russia and the United States. At the same time, chances for Washington to demonstrate common sense are slim as the US has contributed greatly to the current crisis as well. Full Article Opinion
sia The future of US-Russian relations becomes clear By english.pravda.ru Published On :: Tue, 05 Nov 2024 16:21:00 +0300 In addition to promises regarding domestic policy, the candidates in the current US presidential elections have released indicative statements about their attitude to major international conflicts in Ukraine and the Middle East. Donald Trump and Kamala Harris have spoken about Russia as well to outline how they would build future relations with Moscow. Trump has repeatedly stated that he will quickly end the conflict in Ukraine should he return to the Oval Office. "I will literally call two people the same night that I am announced as the winner: Putin and Zelensky. We will make a deal within 24 hours," Trump said. Full Article World
sia Joe Biden may take drastic measures in relation to Russia before he leaves White House By english.pravda.ru Published On :: Thu, 07 Nov 2024 14:24:00 +0300 US President Joe Biden may take drastic actions before he resigns, Alexander Yakovenko, a member of the scientific council at the Security Council of the Russian Federation and former Russian Ambassador to the UK believes. "Biden and his administration are still in power as a lame duck. In December 2016, Barack Obama similarly decided to sharply aggravate relations with Russia by expelling 35 Russian diplomats. The same can be expected now, especially in Ukraine,” Yakovenko said. Trump will take up US foreign affairs before his inauguration while trying to push the current administration out of decision-making processes, Yakovenko suggested. Full Article World
sia Trump and Putin want to talk to each other. The Russians will be interested By english.pravda.ru Published On :: Fri, 08 Nov 2024 15:07:00 +0300 US President-elect Donald Trump allowed for a possibility of talks with Russian leader Vladimir Putin after his victory in the US presidential election. He has already spoken with 70 world leaders, including Ukrainian President Volodymyr Zelensky, but Putin was not among them, Trump said. "I think we'll talk," US President-elect Donald Trump said. In an interview with NBC, Trump also noted that he had agreed to have lunch with US President Joe Biden in the near future. Full Article World
sia Western Foreign Policy: Russia’s enemy is our friend By english.pravda.ru Published On :: Wed, 18 Sep 2024 12:15:00 +0300 Unethical, as amoral as it is immoral, puerile, unprofessional, criminal, shallow, devious and Lite. Western foreign policy. In short, it is a policy which is puerile, Lite and criminal. When I was twelve years old in 1970, I wrote a letter to Leonid Brezhnev, warning the USSR that Western foreign policy was all of the above and if I remember correctly, I used exactly these same words. The answer from the Kremlin was a very polite and agreeable letter in which it was stated the Soviet Union followed international law and favoured a multilateral world in which everyone played by the same set of weights and measures, or words to that effect. Full Article Opinion
sia Evolving landscape of LNG trade: Opportunities and challenges for Russia and India By english.pravda.ru Published On :: Tue, 24 Sep 2024 10:47:00 +0300 India's strategic pivot towards liquefied natural gas (LNG) is set to redefine its energy landscape, especially amid the shifting dynamics of global energy trade. Earlier this year, GAIL (India) Ltd, the country's largest government-owned natural gas company, secured a 10-year LNG purchase agreement with Vitol, a global energy trader with extensive operations in Russia. This deal, which begins in 2026, will ensure approximately 1 million metric tons (mt) of LNG annually, including gas sourced from Russia. This agreement is instrumental for India as it strives to elevate natural gas consumption to 15% of its energy mix by 2030. India's LNG imports have demonstrated considerable variability, reflecting its dependence on this critical energy source. Imports surged to 3,516 million standard cubic meters (MMSCM) in May but fell to 2,794 MMSCM in July. Over the first four months of the year, LNG accounted for a substantial 12,269 MMSCM out of a total gas consumption of 24,210 MMSCM, underscoring the country's reliance on imported LNG to meet its growing energy needs. This volatility highlights the strategic importance of agreements, like the one with Vitol and the one between Novatek and Deepak Fertilisers, signed in February 2023, for both spot and long-term supply contract markets in securing energy stability. Russia, for its part, has been adapting its LNG export strategy in response to global pressures and the evolving market landscape. In the first half of 2024, Russian LNG imports to Europe rose by 11% from last year, with Russia supplying 69.95 million mt so far. Despite a general decline in European gas consumption and a shift toward long-term contracts, Russian LNG remained a significant portion of imports, with France alone seeing a 110% increase. This demonstrates the resilience of Russian LNG in maintaining its foothold in European markets. Additionally, Russia's LNG exports to China have also seen growth, with 1.648 million mt shipped in the first quarter of 2024-a 2% increase from the previous year. Full Article Opinion
sia CIS Summit highlights Russia's role of a strong, dominating power By english.pravda.ru Published On :: Wed, 09 Oct 2024 21:21:00 +0300 The summit of the Commonwealth of Independent States (CIS) was a formality, but the issue at hand is the security of the Russian Federation. Moscow needs to change its attitude towards its neighbours before it is too late. The following leaders attended the CIS summit at the personal invitation from Russian President Vladimir Putin: President of Azerbaijan Ilham Aliyev, Prime Minister of Armenia Nikol Pashinyan, President of Belarus Alexander Lukashenko, President of Kyrgyzstan Sadyr Japarov, President of Tajikistan Emomali Rahmon, President of Turkmenistan Serdar Berdimuhamedov, President of Uzbekistan Shavkat Mirziyoyev. Moldovan President Maia Sandu did not attend. Full Article World
sia BRICS Summit brings Russia recognition as established world leader By english.pravda.ru Published On :: Thu, 24 Oct 2024 21:49:00 +0300 The BRICS summit in Kazan has formalized Russia's leadership in real decolonization and creation of developed economies based on its own strength. First steps have been named and are clear to everyone. Russia accepted as a new leader in the world The fact that 32 heads of state and UN Secretary General Antonio Guterres gathered in Kazan, Russia, during the times of the special military operation has demonstrated the decline of US influence in the world and the emergence of Russia as its leader. A country with 3.5 percent of global GDP in purchasing power parity was able to withstand harsh sanctions and three years of war with NATO at the hands of Ukrainians. The West that dominates the world economy with 40 percent is clearly losing the game to Russia on all fronts. It is about the ability, desire and readiness to defend one's national interests on the battlefield and mobilize one's economy. This is valued and respected in the world, and no one saw this in the Western camp. Full Article World
sia Slovak Prime Minister appears on Russian TV accusing NATO and EU of supporting Ukraine By english.pravda.ru Published On :: Thu, 31 Oct 2024 14:29:00 +0300 Robert Fico became the first NATO leader to have given an interview to Russian media after the start of the special military operation and he made some very bold statements in it. The West fails to bring Russia to its knees Slovak Prime Minister Robert Fico gave an interview to Russian journalist Olga Skabeeva on the state-run Rossiya-1 TV channel. He started his interview with a Slovak proverb that says that "no one on their knees can be considered defeated — perhaps they are just tying their shoelaces." Full Article World
sia Make US-Russian relations great again! By english.pravda.ru Published On :: Wed, 06 Nov 2024 15:10:00 +0300 Kremlin spokesman Dmitry Peskov said he was unaware of Russian President Vladimir Putin's plans to congratulate Donald Trump on his victory in the US presidential election. "As for congratulations, I am unaware of the president's plans to congratulate Trump on the election," he said, RIA Novosti reports. The voting in the US presidential election ended. Trump is leading by a solid margin while getting the majority of votes from both voters and electors. Full Article World
sia Musical road markings appear on Russian highway By english.pravda.ru Published On :: Wed, 16 Oct 2024 20:30:00 +0300 Russia's first musical marking appeared on a section of the M-11 Neva Highway (connects Moscow and St. Petersburg). When driving along the 653rd kilometer of the highway at the permitted speed, motorists can hear a fragment of the world-famous Kalinka Malinka song. Musical markings will prevent drivers from falling asleep at the wheel. They will encourage them to concentrate on the road when approaching an accident-prone section, for instance. The musical markings will serve an important purpose to reduce the number of car accidents. Such markings have not been used on Russian roads before, the press service of Avtodor (Russian Highways) said. Full Article Society
sia Lotus births all the rage in Russia By english.pravda.ru Published On :: Thu, 31 Oct 2024 12:38:00 +0300 The practice of "lotus births" has grown by 30 percent in Russia lately. When practicing lotus delivery, women leave the umbilical cord uncut after childbirth and wait for it to dry off naturally. It is believed that the child builds a connection with space and becomes less aggressive. Lotus births can be found on the list of services provided by private clinics. Newborns are left connected to the placenta for the period of time that they "need.” This period of time can last from a few hours to 10 days. The followers of the lotus birth practice believe that they thus do not disrupt the natural course of events. In classic childbirth, one allegedly programs an incorrect code of life into the baby, "where breathing is associated with aggression." Full Article Society
sia Australian emu escapes into cold Russian woods By english.pravda.ru Published On :: Thu, 31 Oct 2024 17:22:00 +0300 An ostrich farm in the village of Pazhga in the Komi Republic, became famous in Russia due to its runaway Australian emu named Vasya (a short for Vasily). On the night of October 26, the bird escaped from its enclosure and ran into the forest. Dozens of volunteers and hunters were trying to bring Vasya back home for five days. The news of his escape into the wild made national headlines. During these days, the emu was running about the forest avoiding all traps and tricks that the volunteers could come up with. The bird would walk away from nets, and it was impossible to attract him with food - the emu can do away without food for up to 40 days. Full Article Society
sia Russian journalist Poddubny taken to Moscow for emergency treatment By english.pravda.ru Published On :: Thu, 08 Aug 2024 14:51:00 +0300 War correspondent Yevgeny Poddubny, who was injured in an attack by the Armed Forces of Ukraine in the Kursk region, was hospitalised in serious condition to a regional clinical hospital. In the morning of August 8, Poddubny was taken to the Sklifosovsky Institute of Emergency Medicine in Moscow, the Health Department said. After the attack, the journalist was immediately placed in the anti-shock department, given intensive therapy and then transferred to intensive care. Specialists from leading federal clinics make every effort to save the man's life. Full Article Russia
sia Russian general cracks down on Kursk defence line By english.pravda.ru Published On :: Mon, 12 Aug 2024 14:23:00 +0300 Russian MP Gurulev said that the border cover group was insufficiently equipped. "No one likes the truth in reports," he said. State Duma deputy Andrei Gurulev wrote in his Telegram channel that he did not believe in the fact that the Russian military administration "did not know about the buildup of enemy troops" on the border near the Kursk region. Andrei Gurulev is a member of the State Duma Defense Committee. He holds the rank of lieutenant general. Full Article Russia
sia Russia may spend its National Welfare Fund completely in 2025 By english.pravda.ru Published On :: Thu, 29 Aug 2024 17:06:00 +0300 In the event of a global crisis and deterioration of relations between the United States and China, the Central Bank of Russia will have to implement its risk scenario in which the bank will have to use the National Welfare Fund (NWF). The liquid part of the fund — the part that is available for spending — will be exhausted already in 2025, the Central Bank of Russia said in its report titled "Main Directions of the Unified State Monetary Policy." A global crisis may occur against the backdrop of high interest rates and the imbalance in global financial markets, Central Bank analysts believe. Full Article Russia
sia Russian Army General Pavel Popov plunders Patriot Park to enrich himself By english.pravda.ru Published On :: Thu, 29 Aug 2024 18:49:00 +0300 Army General Pavel Popov, former Deputy Minister of Defense of Russia, was detained. He appears on the fraud case related to Moscow's Patriot Park. General Popov is accused of fraud on an especially large scale. According to the investigation, in 2021-2024, while he was responsible for the development, maintenance, and operation of the Patriot Park, he enriched himself at the expense of this institution — he used building materials to build his own house in the Krasnogorsk District (Moscow region) and forced park employees to work at his three-hectare dacha for free. According to the Investigative Committee, the director of the park, Vyacheslav Akhmedov, and deputy head of the Main Directorate for Innovative Development of the Ministry of Defense, Vladimir Shesterov, were also involved in the fraudulent scheme. General Pavel Popov was detained based on their testimony. Akhmedov and Shesterov said that they received money following the general's orders and paid him about three million rubles. Full Article Russia
sia Putin: US building up military presence near Russian borders By english.pravda.ru Published On :: Tue, 10 Sep 2024 16:55:00 +0300 The United States is building up its armed forces along all of Russia's borders, including on Ukraine and the Asia-Pacific region, Russian President Vladimir Putin said during his speech at the Ocean-2024 command and staff exercises, TASS reports. "Under the pretext of countering the allegedly existing Russian threat and containing the People's Republic of China, the United States and its satellites are building up their military presence near Russia's western borders — in the Arctic and in the Asia-Pacific region," Putin said. The USA is thus provoking a new arms race, the Russian president said. According to him, Washington's strategy is preventing the conflict in Ukraine from ending. Full Article Russia
sia Putin signs decree to increase manpower of Russian Army By english.pravda.ru Published On :: Mon, 16 Sep 2024 15:21:00 +0300 Russian President Vladimir Putin has increased the number of personnel in the Russian Armed Forces. The corresponding decree was published on the official Internet portal of legal information. The number of personnel in the Russian army has thus been increased to 2 million 389 thousand people, including 1.5 million military personnel. The decree of the head of state comes into force on December 1, 2024. Putin also instructed the Russian government to provide for the allocation of funds for the Ministry of Defense from the federal budget for the implementation of the decree. Full Article Russia
sia Putin visits Special Technology Center to see new Russian drones By english.pravda.ru Published On :: Thu, 19 Sep 2024 17:11:00 +0300 Russian President Vladimir Putin visited the site of the Special Technology Center (STC) for the production of electronic warfare (EW) systems and drones, the Kremlin said on its Telegram channel. Defense Minister Andrei Belousov and First Deputy Prime Minister Denis Manturov accompanied Putin to the site. The STC produces unique Orlan drones, as well as small spacecraft such as CubeSat, the Kremlin press service said. Full Article Russia
sia Putin: Russia is changing nuclear doctrine to make everything clear By english.pravda.ru Published On :: Wed, 25 Sep 2024 20:30:00 +0300 Russian President Vladimir Putin proposed making a number of changes to conditions for the use of nuclear weapons, the Kremlin said. In particular, "Fundamentals of State Policy in the Field of Nuclear Deterrence" expands the category of states and military alliances against which acts of nuclear deterrence will be carried out. "In the updated version of the document, aggression against Russia by any non-nuclear state, but with the participation or support of a nuclear state, is proposed to be considered as their joint attack on the Russian Federation," Putin said at a meeting of the Permanent Conference of the Security Council on Nuclear Deterrence. Full Article Russia
sia Eight Russian generals lose their jobs in one day By english.pravda.ru Published On :: Mon, 07 Oct 2024 18:49:00 +0300 Eight Russian generals from various security agencies lost their posts in one day, a RIA Novosti source said. Some of the resignations have been officially announced. The list of the dismissed generals includes: head of the Investigative Committee of the Russian Federation for the Stavropol Territory, Major General of Justice Igor Ivanov (he held the position since May 2022), head of the Investigative Committee of the Russian Federation for Buryatia Vyacheslav Sukhorukov, deputy director of the operational management department of the Ministry of Emergency Situations of Russia, Major General Alexander Molchanov, head of the Ministry of Emergency Situations for the Moscow Region, Lieutenant General Sergei Poletykin, head of the Rostov Main Directorate of the Ministry of Emergency Situations Sergei Filippov. General Sergei Poletykin was relieved of his post upon attaining the maximum service age of 60. According to TASS, he will be transferred to another job. Full Article Russia
sia Russia puts nuclear triad to the test By english.pravda.ru Published On :: Tue, 29 Oct 2024 19:01:00 +0300 Russian Defence Minister Andrei Belousov informed President Vladimir Putin about practicing nuclear strike tasks. During the meeting with the top leadership of the country, the Defence Minister gave the floor to Chief of the General Staff Valery Gerasimov. Gerasimov serves as the commander of the Russian Armed Forces in the zone of the special military operation. In his report to President Vladimir Putin, Gerasimov said that a strategic missile submarine, a land-based mobile Yars missile system, as well as Tu-95MS strategic missile carriers were involved in the drills. Full Article Russia
sia Zara and Bershka to return to Russia as Z and Br By english.pravda.ru Published On :: Thu, 10 Nov 2022 16:23:00 +0300 Spanish brands Zara and Bershka that left the Russian market after the start of the special operation in Ukraine plan to return. It is believed that their stores will reopen in Russia in early 2023, Mash Telegram channel reports. According to the channel, Bershka's new name will be Br, and Zara's — Z. The new owners of the business thus want to keep part of the former name in order to attract customers' attention. Other brands that are part of Inditex, such as Pull&Bear and Stradivarius, will return to the country as well. Full Article Business
sia Russia's gold exports to China set new record since 2016 By english.pravda.ru Published On :: Tue, 22 Nov 2022 15:21:00 +0300 In October, Russian companies delivered 2.16 tons of gold worth $124.6 million to China — a record amount since 2016. Yet, Russia remains a marginal supplier in the Chinese market that is primarily dominated by suppliers from Switzerland and Canada. Russia's gold exports to China doubled in physical terms in October compared to the same period last year, having reached 2.16 tons, the General Administration of Customs of the People's Republic of China said, RBC reports. It goes about raw or semi-finished forms of gold. Supplies in monetary terms also doubled up to $124.6 million. Judging by China's monthly statistics, these are the largest supplies since 2016. Full Article Business
sia Will Russia pay $50 bn to Yukos shareholders? By english.pravda.ru Published On :: Wed, 19 Feb 2020 14:10:00 +0300 Russia again owes more than $50 billion to former shareholders of the Yukos oil company after a court of appeal in the Netherlands upheld three international arbitration decisions on the lawsuits of Yukos shareholders that were brought down in 2014 in The Hague. This is the largest compensation in the history of international arbitration. The court thus agreed with the former shareholders that oil company Yukos was illegally nationalized and liquidated, while its assets were transferred to state-owned companies. Following the court decision in The Hague, the company's former shareholders will try to seize Russian property in other countries. It remains unclear, though, how long the complex process will take. The landmark decision to collect $50 billion from Russia was made in 2014 by the Permanent Court of Arbitration in The Hague. The plaintiffs in the case were three offshore companies: Hulley Enterprises Yukos Universal Veteran Petroleum, part of Group Menatep Limited. They owned 70% of Yukos and lost their money during its bankruptcy. Company founder Mikhail Khodorkovsky was not on the list of the plaintiffs. In accordance with the decision, Cyprus-based Hulley Enterprises and Yukos Universal Limited were to receive a compensation of $39.9 billion and $1.85 billion, respectively, while the Yukos Pension Fund Veteran Petroleum Ltd. - 8.2 billion dollars. In 2016, the execution of these decisions was suspended by the first instance of the Dutch court, which satisfied Russia's complaint, but now the plaintiffs will be able to resume their attempts to arrest Russian state property abroad. In turn, the Russian authorities intend to reach the Supreme Court of the Netherlands. Arresting Russian state property abroad worth $50 billion will be quite difficult Russia has the right to appeal the decision at the Supreme Court of the Netherlands, but proceedings in other countries to enforce the decisions to recover more than $50 billion may resume already now. Full Article Business
sia COVID-19 scam or just simple corruption in Russia? By english.pravda.ru Published On :: Fri, 27 Mar 2020 15:44:00 +0300 Screenshot from the site of Japanese company K.K. Mirai Genomics The Moscow Healthcare Department purchased more than 50 devices and hundred of thousands of test systems for SARS-CoV-2 coronavirus from a company called Medpromresurs. This sounds like good news, if it was not for the dodgy reputation of the company. Thieving businessmen are trying to cash in on the disease that their compatriots suffer from while keeping an eye on the funds from the state budget too. US funded Radio Liberty investigated the Moscow's purchase, that got links to 2019 scandal in Tatarstan. The story began in September 2019. During the Eastern Economic Forum, which was held last autumn, a little-known Japanese company K.K. Mirai Genomics promised to invest 2.5 billion rubles ($30 million) in the production of a diagnostic system for infectious diseases in the Republic of Tatarstan. The systems were supposed to be subsequently acquired at the expense of mandatory medical insurance - the state budget that is. Russian company PharmMedPolis-RT acted as a partner on the Russian side. Taliya Minullina, the head of the Agency for Investment Development of the Republic, put her signature on the agreement for the production of biochips for the diagnosis of influenza. The story was highlighted by a lot of Russian media for its connection to corruption and money-laundering issues. The chips were allegedly patented in Europe, the USA and Japan (coronavirus was nowhere near back then). Strangely enough, the supposedly patented trademark for the LifeRing molecular diagnostic system that consists of disposable chips is not manufactured in any of the above-mentioned countries. Moreover, as the Versia found out, the company's offices in Japan and the United States are located in cheap Class B office buildings, which does not go along with the promise to invest 2.5 billion, because a company like that simply does not have that much money. However, methods for rapid diagnosis of influenza are not just being developed in our country - they are already in practical use. Moreover, the time that is required for testing biomaterial is even shorter in comparison with the time period that foreign-made chips need for the same purpose. K.K. Mirai Genomics was a very little-known company indeed: it did not even have a website at the time when the deal was signed. Mirai never provided any specifications and descriptions of the technology, nor did it say anything about the results of clinical trials. Such facts did not stop the authorities of Tatarstan, though. Full Article Business
sia USA wants to finally kill Russia's Nord Stream 2 gas project By english.pravda.ru Published On :: Tue, 20 Oct 2020 19:36:00 +0300 The US will expand sanctions against the Nord Stream 2 gas pipeline project. The sanctions will now affect companies that provide services or funding to install equipment on board the vessels that take part in the project. Such a move may permanently halt the construction of the pipeline. The news to expand the sanctions was reported on the website of the US Department of State. Similar restrictions are to be imposed on the participants of the Turkish Stream and other similar projects.The Nord Stream-2 gas pipeline provides for the construction of two sections of the gas pipeline system with a total capacity of 55 billion cubic meters of gas per year from the coast of Russia to Germany along the bottom of the Baltic Sea. Originally, the construction of the pipeline system was supposed to be completed in 2019. However, the work on the project was suspended after US Congress passed a package of sanctions against the participants of the project. The USA remains opposed to the project, claiming that it makes Europe overly dependent on Russian natural gas and increases political pressure on Ukraine, which transits natural gas further to Europe. Kiev and several countries of the European Union share the same position. "Russia uses its energy export pipelines to create national and regional dependencies on Russian energy supplies, leveraging these dependencies to expand its political, economic, and military influence, weaken European security, and undermine U.S. national security and foreign policy interests. These pipelines also reduce European energy diversification, and hence weaken European energy security," the US State Department said in a statement. Russia, Germany, Austria and a number of other countries, whose companies are involved in the construction, insist that this is nothing but a business project.In late 2019, the United States imposed sanctions on Nord Stream-2, having demanded the companies involved in the construction should immediately stop their works on the project. Allseas, a Swiss company, pulled out of the project almost at once.Representatives of Russia's natural gas monopoly, Gazprom, stated that they would be able to complete the construction of Nord Stream-2 independently. For the time being, one needs to finish the construction of the section that is 100 kilometres long. On October 17, German Foreign Minister Heiko Maas said in an interview with RND that the project would be completed. Full Article Business
sia Exploring differences between bankruptcy in Russia vs. USA By english.pravda.ru Published On :: Wed, 28 Oct 2020 14:29:00 +0300 Bankruptcy isn't a topic that anyone likes to discuss. Creditors, debtors, and government officials all get a little queasy at the thought of bankruptcy, but it exists for a reason. And in many situations, it can provide relief when financial friction is heightened. But bankruptcy isn't the same in every country. Laws, rules, and stigmas differ rather significantly - particularly between Russia and the United States. The what and why of bankruptcy Bankruptcy is one of the primary methods by which control over an asset can be transferred to more capable or efficient owners in the instance of market economies. Ultimately, bankruptcy serves three distinct purposes: To solve collective action problems among creditors as they deal with insolvent debtors. To give individual debtors a chance at a "fresh start" when they're overburdened by debt. To preserve/save the financial distress firms have by reorganizing rather than liquidating. Bankruptcy is basically government-sanctioned relief that allows individuals or businesses to have debts forgiven, granted they meet specific criteria and follow certain guidelines. It plays an important role in keeping the larger economic engine hitting on all cylinders. Without bankruptcy, millions of citizens would find themselves impoverished and unable to financially recover from dire situations. Full Article Business
sia Foreign companies leave Russian market one after another By english.pravda.ru Published On :: Wed, 02 Mar 2022 18:48:00 +0300 Many foreign companies, including oil and gas enterprises, are leaving the Russian market due to high risks associated with the sanctions war between Russia and the West. In addition, it will be too difficult for them to withdraw their income from Russia abroad, economist Marcel Salikhov believes. At the same time, oilfield service companies that used to work in Russia back during the days of the USSR, will stay in the country, he added, lenta.ru reports. It is up to company administrations to decide whether they want to leave the Russian market or not. The sanctions that were imposed on Russia following the military operation in Ukraine do not limit their participation in the Russian economy. Russia's response to Western sanctions may in one way or another affect the position of foreign companies in the country, especially with regard to strategic sectors of the economy. In addition, Putin banned foreign companies from withdrawing their funds abroad to parent companies. All this combined has tarnished the assets. Full Article Business
sia Is Russia going hungry? By english.pravda.ru Published On :: Wed, 13 Apr 2022 16:42:00 +0300 The Russian special operation in Ukraine served as a catalyst for the confrontation formed between Moscow and the collective West, as a result of which the United States and its politico-military partners immediately activated "suspended" economic sanctions. In addition, half of Russia's foreign exchange reserves were frozen, provoking an unprecedented escalation of confrontation in the financial sphere. Price increases and shortages of certain commodity items are not only observed in Russia. The global nature of international relations has caused destructive influence of sanctions on the economies of the initiating countries as well. In the U.S. they decided to call inflation "Putin's price hike". In fact, inflation in Western countries began after the declaration of economic war by European leaders and their sovereign, U.S. President Biden. Full Article Business
sia Foreign companies suffer a total of $70 billion in losses after they leave Russia By english.pravda.ru Published On :: Thu, 25 Aug 2022 19:04:00 +0300 The losses that American, European and Japanese companies have suffered after they left the Russian market are evaluated at tens of billions of dollars, RIA Novosti reports. Since the beginning of the special operation in Ukraine to the present, foreign companies have lost a total of $70 billion. Companies of the fuel and energy complex have suffered the biggest losses. Many companies in this sector have deconsolidated and devalued Russian assets by ceasing to report the results of their activities in the country, they have not completely stopped working in Russia. For example, the UK-based BP, having made a number of statements about its decision to withdraw from Russian projects, was forced to retain shares in local assets. According to Putin's decree from August 5, shareholders from unfriendly countries will no longer be able to make transactions with shares in companies of strategic significane, fuel and energy companies and banks without the consent of the state. In its report for the first quarter of 2022, BP depreciated Russian assets in the amount of $25.5 billion, but it did not take practical steps to exit the projects. Full Article Business
sia New Russian McDonald's to have books instead of toys in Kids Combos By english.pravda.ru Published On :: Tue, 29 Nov 2022 19:49:00 +0300 Russia's Vkusno i Tochka (Tasty and That's It) fast food chain, which appeared n the country instead of McDonald's, will have meal combos for children similarly to Happy Meal, the company's press service told RBC. The sets will be called "Kids Combos." The company will remove toys from the sets to replace them with books. The new products will be available at restaurants of the network from December 12 in Novokuznetsk, Novosibirsk, Berdsk, Barnaul, Tomsk, Kemerovo and Krasnoyarsk. Kids Combos will be available throughout Russia starting from January. Kids Combos will include nuggets, cheese snacks, classic burgers, salads, carrot sticks and apple wedges, as well as a drink of choice, a representative of Tasty and That's It said. Full Article Business
sia H&M Russia staff say goodbye to customers in touching video By english.pravda.ru Published On :: Thu, 01 Dec 2022 18:41:00 +0300 H&M clothing, footwear and accessories store on Tverskaya Street in Moscow closed on November 30. An employee was filmed removing store banners and signs. A note to customers on a window says that the store is permanently closed, but all returns will be processed accordingly. The staff of H&M Russia recorded a video in which they say goodbye to customers. Full Article Business
sia Russia's largest bank sends huge package of documents to China for its first branch By english.pravda.ru Published On :: Mon, 26 Dec 2022 17:58:00 +0300 Sberbank — Russia's largest state-owned bank — has the only foreign branch in India. In early November it was reported that Sberbank was going to open a branch in China. According to Alexander Vedyakhin, deputy chairman of the board, all the necessary documents have been sent to China, RBC reports. "We have been communicating with the People's Bank of China a lot lately. We have sent a massive package of documents there, as the Chinese regulator is very meticulous about documents. I hope that by the end of 2023 we will be able to open a branch in China. It usually takes 1.5-2 years, but we hope that by the end of 2023 we will already have a branch in this country,” Alexander Vedyakhin said. Sberbank opened a representative office in China in 2010; A representative office of Sberbank appeared in Germany in 2009; Sberbank has only one branch abroad — in New Delhi, India. After the start of the Russian special operation in Ukraine, Sberbank came under sanctions from Western states: the United States and Great Britain froze the bank's assets and banned citizens from doing business with it, whereas the EU disconnected Sberbank from the SWIFT interbank data exchange system. Full Article Business
sia Russian billionaire: Sell dollars quickly, buy euro, yuan and gold instead By english.pravda.ru Published On :: Tue, 14 Mar 2023 16:12:00 +0300 Russians should start selling dollars and buy euros, yuan and gold instead, businessman Oleg Deripaska believes. In his recent post on Telegram, Deripaska reacted to the statement from the author of the best-selling book "Rich Dad Poor Dad" Robert Kiyosaki about the future economic crisis in the United States. Kiyosaki, who predicted the collapse of Lehman Brothers in 2008, encouraged investors to buy more gold, silver and bitcoin. In his post, Deripaska published a link to Kiyosaki's interview with Fox Business. Full Article Business
sia Court orders arrest of Volkswagen's Russian assets By english.pravda.ru Published On :: Mon, 20 Mar 2023 12:42:00 +0300 The Arbitration Court of the Nizhny Novgorod region arrested all assets of German automaker Volkswagen in Russia, Interfax reports. Since March 17, Volkswagen has been banned from conducting any registration actions, such as actions to liquidate, reorganise or change the composition of participants, increase and decrease the authorized capital of the Russian subsidiary of Volkswagen and its legal entities. Volkswagen's assets in Russia ere banned following a court appeal from Russia's GAZ automobile group from March 14. The document was published in the file of arbitration cases. Full Article Business
sia Austria's Raiffeisen Bank finds itself in unprecedented situation in Russia By english.pravda.ru Published On :: Thu, 30 Mar 2023 15:11:00 +0300 Austria's Raiffeisen Bank International considers selling the Russian division or withdrawing it from the structure of the group. Raiffeisen's "daughter" will continue running "certain banking activities" in Russia to maintain license. At the moment, the bank can not get rid of all of its business in Russia, but is striving for this to happen, RBI CEO Johann Strobl said. The RBI Group in Russia is represented by Raiffeisenbank, as well as leasing, insurance and management companies. The company's subdivisions employ over 9,000 people. Full Article Business
sia UK's maker of Durex condoms decides not to leave Russian market By english.pravda.ru Published On :: Tue, 18 Jul 2023 16:53:00 +0300 Reckitt Benckiser, a British company that produces, among other things, Durex condoms, decided not to leave the Russian market, Baza Telegram channel said with a reference to an anonymous source. The UK-based company does not intend to either wrap up its business or transfer it to anyone. Former CEO Laxman Narasimhan, who left the company in September 2022, earlier spoke about Reckitt Benckiser's pullout from the Russian against the background of the crisis in Ukraine. Reckitt Benckiser manufactures and distributes a variety of products in more than 200 countries of the world. It is widely known for such brands as Vanish and Cilit Bang cleaning products, Nurofen pain reliever, Strepsils cough drops and Durex condoms. Full Article Business
sia Russia bans exports of durum wheat By english.pravda.ru Published On :: Thu, 23 Nov 2023 12:01:00 +0300 The Committee on Customs and Tariff Regulation of the Russian Government decided to ban exports of durum wheat from the country from December 1, 2023 to May 31, 2024. In accordance with the proposal from the Ministry of Agriculture and the Ministry of Economic Development, a tariff quota was set on exports of main grains — wheat, barley, corn, rye — from February 15 to June 30, 2024. The quota amounts to 24 million tons; it does not apply to supplies to the countries of the Eurasian Economic Union (EAEU). Durum wheat is widely used for the production of pastas. According to Interfax, experts explain the decision to ban exports of durum wheat with a significant rise of such exports. The Russian Grain Union indicated that shipments of durum wheat in annual terms increased by almost 13 times from July 1 to November 10. Full Article Business
sia Ikea extends trademark rights in Russia until 2033 By english.pravda.ru Published On :: Wed, 07 Feb 2024 15:09:00 +0300 IKEA extended the right to its trademark in Russia until August 2033. The IKEA trademark package included: the yellow-blue logo, a full list of company services and the right to officially sell its products in Russia. The headquarters of the corporation in the Netherlands submitted an application to Rospatent on August 1, 2023. The application was approved on February 2. Full Article Business
sia Belarus bans most of Russian tea products By english.pravda.ru Published On :: Tue, 09 Apr 2024 15:01:00 +0300 Belarus suddenly banned the sale of Russian-made tea. According to the Ministry of Health of Belarus, the reason for this decision was a violation of requirements for microbiological indicators of product safety. Sanitary services of Belarus found traces of fungus in several types of tea produced by Orimi LLC, a Russian legal entity. Belarus banned all brands of tea produced by this company, their import into Belarus was restricted as well. The list of prohibited products includes such tea brands as: Greenfield, TESS, Princess Nuri, Princess Java, as well as some types of Jardin and Jockey coffee. Orimi LLC is taking necessary measures to prove the stability of production processes and effectiveness of the safety control system, the Belarusian Ministry of Health added. Restrictions on the sale of products may be lifted as soon as the company meets all relevant requirements of the Health Ministry of Belarus. Full Article Business
sia Italy summons Russian Ambassador to explain Putin's decision about Arison By english.pravda.ru Published On :: Sat, 27 Apr 2024 17:03:00 +0300 The Italian Foreign Ministry summoned Russian Ambassador to Rome Alexei Paramonov after President Vladimir Putin transferred the Russian subsidiary of Italian equipment manufacturer Ariston to Gazprom. The decision was made in accordance with last year's decree, according to which the assets of foreign companies in Russia can be transferred to temporary administration. Italy called the transfer unexpected and demanded clarification from the Russian diplomat. On April 26, Vladimir Putin signed a decree on the transfer of Russian subsidiaries of Ariston and BSH Hausgerate (structures of Ariston Thermo Rus and BSH Household Appliances) to temporary administration of JSC Gazprom Household Systems. One hundred percent of shares in the authorised capital of both companies were transferred to Gazprom temporarily. Full Article Business
sia Husband and wife who started Russia's largest online retailer announce divorce By english.pravda.ru Published On :: Tue, 23 Jul 2024 18:12:00 +0300 Vladislav Bakalchuk, co-founder of one of Russia's largest marketplace platform Wildberries, announced an attempted gangster-style takeover of the company. The head of Chechnya, Ramzan Kadyrov posted a video of his conversation with Bakalchuk on his Telegram channel. Bakalchuk said that in early July, Russ Outdoor company, headed by Levon and Robert Mirzoyan, tried to take over the assets of Wildberries by means of legal schemes. According to the co-founder, they deceived his wife, Tatyana Bakalchuk, after which she left home without an opportunity to see her husband to discuss what was happening. The marketplace merged with Russ Outdoor Company in June; the shares of both companies in the business were approximately equal. Full Article Business
sia Russia officially accuses Ukraine of bomb terrorism. What does it mean? By english.pravda.ru Published On :: Tue, 02 Apr 2024 21:11:00 +0300 Russia will build a line of struggle against the "terrorist enclave” in Ukraine similarly to the line that Israel is building in its struggle against Hamas. The world will again look at the double standards of the United States at their finest. The Russian Foreign Ministry accused Ukraine of: bomb terrorism; financing of terrorism. The ministry said that investigative actions revealed Ukraine being behind the latest terrorist attacks in Russia. The department also demanded Kyiv should "arrest and extradite all persons involved” within the framework of the International Convention for the Suppression of Terrorist Bombings (ICBT) and the International Convention for the Suppression of the Financing of Terrorism. The Foreign Ministry clarified that a note to Kyiv regarding the terrorist attack at Crocus City Hall would be sent separately after the completion of the investigation. Full Article Incidents
sia Russia destroys Europe's largest underground gas storage facility in Ukraine By english.pravda.ru Published On :: Fri, 12 Apr 2024 19:30:00 +0300 Ukraine dreamed of becoming "the key to the security of Europe's gas supply,” the gas hub of Europe. Moscow found this unnecessary. Ukraine wants to become EU's gas hub According to Deputy Minister of Energy of Ukraine Svetlana Grinchuk, imports usually account for up to 10 billion cubic meters of the total volume of Ukrainian storage facilities of 31 billion cubic meters. Ukraine stores gas from Poland, Norway, Hungary, and other countries, which they receive even from the Caspian region, as well as liquefied natural gas (LNG), which comes to Europe from the United States. "The EU aims to phase out the use of Russian gas and reduce the share of fossil fuels in the energy mix. Ukraine can help achieve these goals," Grinchuk told Euractiv. Full Article Incidents
sia Russia not going to limit special operation to easternmost regions of former Ukraine By english.pravda.ru Published On :: Thu, 25 Apr 2024 18:43:00 +0300 Russian military social media began to promote the Sever (North) group of troops of the Russian Armed Forces. The group is known for its tactical sign N and its goal is an offensive on Kharkiv. North military grouping created for Kharkiv operation The creation of the group of troops North (N) means that the Russian forces are preparing personnel in the Belgorod region for an offensive on Kharkiv. Ukrainian sources say that the Russian Army does not need to capture Kharkiv, but this is not true to fact. Taking the city will let the Russian forces ensure the collapse of the entire eastern front of the Ukrainian Armed Forces. In addition, keeping Kharkiv under control will ensure security for the Belgorod region of Russia that Ukraine has been shelling regularly. The Russian authorities can no longer ignore civilian casualties. There are other signs that indicate preparations for an offensive: Full Article Incidents
sia USA gradually switches Ukraine to terrorist war against Russia By english.pravda.ru Published On :: Fri, 26 Apr 2024 20:24:00 +0300 US Congress will provide $61 billion in military aid to Ukraine. Will Joseph Biden decide to transfer long-range missiles to Kyiv? Does Washington prepare for a terrorist war against Russia? Pravda.Ru asked these and other questions to Alexander Dudchak, candidate of economic sciences, leading researcher at the Institute of CIS Countries. The US Congress approved $61 billion in aid to Ukraine, but this money will be distributed between Ukraine, the American military-industrial complex and allies in Europe for arms procurement. What do you think of the bill? The decision did not come as a surprise. Of course, the bulk of the amount will be spent to support the US defence industry. The Americans say that they need long-term contracts to support the defence industry, and Washington is getting them by supporting Kyiv and the hostilities in Ukraine. A lion's share of those billions will be spent to support the US defence industry in the first place. In addition, they will allocate money for the National Nuclear Safety Committee and the Ministry of Health. Full Article Incidents