Contents tagged with USA

  • Ukraine among top 3 countries in terms of damage inflicted to Russia's economy

    Restrictive measures imposed against Russian products abroad caused a damage of $6.3 billion (expert evaluation) to the Russian economy, according to the report published on the website of the Russian Ministry of Economic Development. 

    It follows from the presentation prepared by the ministry that the European Union took the first place in terms of the number of restrictions imposed on Russian goods. Next come Ukraine, India, Belarus, Turkey and the United States. 

    Nevertheless, the picture …

  • Russia overtakes Saudi Arabia as the world’s second largest oil producer but still lags behind the US

    Russia outpaced Saudi Arabia in crude oil production, moving into second place after the USA, the world's largest oil producer, RIA Novosti reports.

    According to a review by the Joint Organizations Data Initiative or JODI, in December 2018, the United States produced an average of 11.66 million barrels of oil per day. Russia now produces 10.74 million barrels per day while Saudi Arabia dropped into third place at 10.64 million barrels per day. 

    Meanwhile, experts of ITI Capital Ltd. said that …

  • Russia delays production of 'Boeing competitor' due to US sanctions

    Russia has been forced to postpone the serial production of the passenger plane MS-21 due to US sanctions, TASS reports, citing Rostec director Sergey Chemezov. 

    “In connection with the fact that the Americans have stopped the supply of composite materials, we are transitioning to our own composite materials,” he said. As a result, the deadline for launching serial production of the MS-21 has been “shifted slightly” to the end of 2020. Earlier it was expected that the first planes would be …

  • Kremlin: Russia lost over 6 billion dollars due to sanctions

    Russian export companies lost 6,300 billion dollars due to economic sanctions from the West, reports Russian news agency Interfax, citing a report by the Ministry of Economic Development of Russia. This figure is based on the department's experts’ data collected at the end of 2018. 

    The report notes that the European Union is a leader in the number of restrictive measures in respect of Russian goods. It has implemented exactly twenty-five sanctions. In the second place is Ukraine, which …

  • Former US ambassador urges American businessmen to leave Russia immediately

     The arrest of the US citizen Michael Calvey, founder of Baring Vostok, the largest direct investment firm in Russia, should be perceived as a signal for all American businesses that continue to operate in Russia, believes Michael McFaul, former US ambassador to Moscow. 

    According to McFaul, the incident with Calvey, who has been sent to a pre-trial detention center for 2 months due to a corporate conflict surrounding Vostochny bank, shows that it’s time for Americans to close up shop in …

  • Kremlin: there are no prospects for normalizing relations with the US

    Russian presidential aide Yuri Ushakov stated that there are no prospects for normalizing the relationship with the US for now, reports Interfax-Ukraine. 

    “In my opinion, everything is already bad. Prospects are not being considered for now,” said Ushakov responding to a question if a new series of sanctions will worsen Russian-American relations, or things can’t get worse. 

    He added that Moscow’s reaction to the possibility of new American sanctions would follow after analysis. 

    “We will …

  • Volker: Russia does not want to discuss Donbas situation during Ukrainian elections

    US Special Representative for Ukraine Kurt Volker said that Moscow is not showing any interest in arranging a meeting between Russian Presidential Aide Vladislav Surkov and himself or in taking action to resolve the conflict in the Donbas during the presidential campaign in Ukraine.

    “We are always in favor of meeting and talking. Russia is not showing any interest or progress whatsoever in this regard. In fact, they said that they don’t want to do anything during the presidential elections,”  …

  • Russia’s biggest American investor placed under 2 month arrest in Moscow

    Russia’s legal system continues to dampen the country’s already troubled investment climate.

    Michael Calvey, founder of Baring Vostok, the largest direct investment fund in Russia with more than 80 projects and $3 billion in capital invested in the Russian economy, was arrested by the Basmanny District Court of Moscow on Saturday and sent to a pre-trial detention center for two months.

    A graduate of the University of Oklahoma and the London School of Economics and Political Science, Calvey …

  • Erdogan: Turkey will not cancel S-400 deal with Russia despite US pressure

    President of Turkey, Recep Tayyip Erdogan, announced that Turkey will proceed with the purchase of Russian S-400 anti-aircraft missile systems, despite the United States pressure, reports the Hurriyet Daily News. 

    "We have concluded our deal with Russia on the S-400. Thus, there can be no question of its cancellation. Everything has been decided," said Erdogan said. 

    At the same time, he noted that Turkey remains open for the purchase of the U.S Patriot system, but only under certain …

  • Kremlin: Russia starts developing intermediate-range ground-based missile

    Russia has started developing an intermediate-range ground-based missile, said Russian Deputy Foreign Minister Sergey Ryabkov during a panel session of the 55th Munich Security Conference.

    “Russia has begun the scientific and technical and development work in this regard, just like the US,” he said.

    Ryabkov noted that, on 2 February, Russian President Vladimir Putin said that Russia will not deploy short or intermediate-range missiles anywhere until American missiles appear there.

    “The US …