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China can hurt America in trade war six ways from Sunday

The threat of a full-scale trade war between the US and China has dominated the news in recent weeks. The countries have exchanged import tariffs on each other’s goods, and are threatening further protective steps. After numerous threats to tax Chinese imports, US President Donald Trump fired the first shot by approving $ 50 billion […]

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Russia prepares for production of iconic Soviet-era megaplane

Ulyanovsk-based plane maker Aviastar-SP has announced a competition to evaluate its capability to resume production of the An-124 ‘Ruslan’ heavy transport aircraft. Read more Earlier this month, Russia said it will resume the production of the Antonov An-124 jet, which is still one of the world’s heaviest cargo airplanes. The Antonov Design Bureau was established […]

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China cuts US investments by 92% amid escalating trade war

The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world’s two largest economies. Chinese investments totaled $ 1.8 billion from January through May, representing a 92-percent drop against the same period a year ago. That’s the lowest level […]

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South Korea wants railroad link to Russia through North Korea

Seoul, Moscow and Pyongyang can implement several major trilateral infrastructure and energy projects if stability is reached on the Korean peninsula, according to South Korean President Moon Jae-in. Read more One such project could be a railway that will be able deliver goods from Russia to South Korea through North Korea. “Once the Trans-Korean Main […]

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Russia to retaliate against US steel & aluminum tariffs – economy minister

Moscow will seek to retaliate against Washington’s unilaterally imposed steel & aluminum tariffs against Russia and other producers, said Russian Economic Development Minister Maksim Oreshkin. Read more “The US continues to apply protective measures by imposing additional import duties on steel and aluminum, and refuses to provide compensation for Russia’s losses. That is why Russia […]

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Russia dumped US treasuries to keep reserves safe – central bank

The Central Bank of Russia (CBR) commonly factors in all kinds of risks when allocating the country’s reserves, said the CBR chief, commenting on a major sell-off of US Treasury bonds. “We pursue the policy of safe and diversified holdings,” CBR Governor Elvira Nabiullina said while answering questions before Russia’s lower house of parliament. “We […]

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Iran looks to veto Saudi, Russian oil production proposal

In the latest signal that the upcoming OPEC+ meeting in Vienna could end in disaster, Iran’s OPEC representative said the country will veto any proposal for a production increase with the support of Venezuela and Iraq. Saudi Arabia and Russia will propose an increase in production beginning from July 1, with the range of the […]

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Russia & India ditching US dollar in defense deals

Moscow and Delhi are seeking to bypass US sanctions by using the rupee and the ruble in facilitating military deals, according to Indian daily, the Economic Times. The paper reports that US sanctions are hampering $ 2 billion in defense deals between Russia and India, as payments are getting stuck. The countries are seeking to […]

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