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ECONOMY

Russia responds to U.S. statement on North Stream

Russia responds to U.S. statement on North Stream

U.S. Energy Secretary Dan Bruyette expressed confidence that Russia will not be able to complete the pipeline on its own. Gazprom objected to the U.S. confidence in Russia’s inability to complete the Nord Stream 2 on its own. Thus, Gazprom spokesman Sergey Kupriyanov commented on the statements of U.S. Energy Minister Dan Bruyett with the phrase “never say never”. This ...

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Syria faces humanitarian catastrophe

Syria faces humanitarian catastrophe

Heiko Maas fears a humanitarian catastrophe in Syria and an increase in the number of refugees from the region. A humanitarian catastrophe could occur in Syria. The corresponding concern was expressed by German Foreign Minister Heiko Maas at the Munich Security Conference, REPORTS DW on Saturday, February 15. “We are very afraid that there will be a humanitarian catastrophe and ...

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Iran tells about the benefits of U.S. sanctions

Iran tells about the benefits of U.S. sanctions

U.S. sanctions have benefited Iran because it has helped strengthen its forces and opened up new opportunities. This was stated by the country’s supreme leader Ayatollah Ali Khamenei at a meeting with the military in Tehran, Reuters reports. According to him, the restrictions imposed by the Americans after the Islamic Revolution of 1979 have not achieved their goal of preventing ...

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Europe fears that U.S. sanctions against Nord Stream-2 will hit gas prices from Russia.

Europe fears that U.S. sanctions against Nord Stream-2 will hit gas prices from Russia.

The head of the Austrian oil and gas company OMV, Rainer Seele, urged European politicians to find an effective response to the US restrictions against Nord Stream 2. According to him, Washington’s actions will affect the cost of gas in the European market. German newspaper Handelsblatt, citing U.S. diplomatic sources, reported that the U.S. intends to impose new sanctions against ...

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Bulgaria to Introduce Euro by 2023 – IMF

Bulgaria, whose currency is already pegged to the euro, meets the nominal criteria for adopting a single currency but is also one of the poorest and most corrupt EU member states. Bulgaria’s plans to enter the eurozone waiting room this spring and accept it as the official currency in 2023 are “completely predictable,” said the head of the International Monetary ...

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In the U.S., talk of the “death” of The North Stream-2

In the U.S., talk of the "death" of The North Stream-2

The Russian gas pipeline will cease to exist while Western sanctions are maintained. At the moment, its construction has been postponed for at least two years. Construction of Nord Stream-2 will be delayed for at least two years. This was stated by the director of the Eurasian Center of the Atlantic Council of the United States John Herbst at the ...

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Russia’s gold reserves open new prospects for countering sanctions…

Russia's gold reserves open new prospects for countering sanctions...

the fact that Russia continues to build up its gold reserves against the background of a significant increase in the price of this metal attracts the attention of experts. Thus, in an interview with FBA “Economics Today,” the head of the Department of Management Theory and Business Technologies of the Plekhanov REU Valery Maslennikov said that the continuing growth of ...

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EU demands 1.4 billion euros from Russia

The World Trade Organization sent the European Union’s demand to the arbitration court with the intention to collect annual financial compensation from Russia for the ban on pork supply. The European Union plans to introduce an annual recovery of money from Russia because of restrictions on the supply of meat products, namely pork. The estimated amount of foreclosure could be ...

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Turkey’s EU aid cut by three-quarters

Turkey's EU aid cut by three-quarters

Turkey in 2020 will receive from European Union only 25% of the previously planned amount, which will amount to 168 million euros. The European Union has cut financial aid to Turkey by three-quarters. This is reported by DW on Saturday, January 18. The so-called pre-emptive aid, which is intended for reforms, has been cut by 75% of the previously planned ...

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