Contents tagged with China

  • Russia offers China to mine coal in Siberia

    Russia wants to invite Chinese investors to the develop mineral deposits in its territory, said Russian Deputy Prime Minister Alexander Novak at a meeting of the intergovernmental Russian-Chinese commission on energy cooperation.

    "Thanks to joint efforts, cooperation in the energy sector is progressively developing and has reached an unprecedentedly high level," he stated following a meeting in Moscow with Deputy Prime Minister of the State Council of the People's Republic of China Han Zhen.

    “ …

  • Russian oil companies want to offer electricity produced at their oil fields to mine crypto currency

    Russian oil companies want to offer Chinese crypto currency miners to mine crypto currency at their oil fields

    Russian oil companies have proposed to use Russian equipment in their fields for crypto currency mining. The proposal was sent for consideration to the Ministry of Industry and Trade, the Ministry of Statistics and the Central Bank of the Russian Federation, the newspaper Kommersant reports with reference to the letter of the deputy head of the Ministry of Industry and Trade Vasily …

  • Russian gas supplied to China is cheapest in the world

    The Kremlin has been unable to fill its budget after redirecting its gas policy towards the east after the annexation of Crimea and the beginning of the sanctions war with the West.

    While spot gas prices in Europe and Asia exceeded $ 1,000 per thousand cubic meters, and in the United States soared at a record speed in 10 years, China continues to buy gas from the Russian gas giant Gazprom at bargain prices.

    In the third quarter of 2021, the average cost of gas, which flows through the $9 …

  • China: U.S. and UK sanctions against Russia over Navalny’s poisoning are unfair

    The Chinese authorities consider the new US sanctions against Russia due to the poisoning of the Russian opposition leader, Alexei Navalny, unfair, said the official representative of the Chinese Foreign Ministry Wang Wenbin.

    "The decision [on sanctions] was made before the true state of affairs was determined. This is unfair," he said at a briefing.

    The situation with Navalny is "an exclusively domestic political issue," Wang Wenbin said, adding that "there are no sufficient grounds for …

  • Taliban claim Russia and China support them

    Russia and China are supporting the Taliban, which seized Afghanistan on August 15, said official representative of the Islamist group Suhail Shaheen at a press conference in Kabul.

    "The Taliban is the political and military force of Afghanistan. This is reality, and they (Russia and China) support this," Shaheen said.

    He stressed that this is not financial support.

    It is noteworthy that Russia is officially recognizes the Taliban as a terrorist group. This decision was made by the Supreme …

  • China praises Russia’s decision to convert its U.S. dollar holdings to yuan

    The Chinese authorities welcome the increase in the yuan's share in the Russian National Welfare Fund (NWF), said at a briefing Chinese Foreign Ministry spokesman Wang Wenbin.

    "We welcome a significant increase in the share of renminbi (the official name of the Chinese currency) in the holdings of the Russian National Welfare Fund. This demonstrates Russia's confidence in China's economic growth and prospects for China-Russia cooperation," he said.

    "We will continue to deepen mutually …

  • Chinese banks say 'no' to Russian SWIFT alternative

    While the Russian Foreign Ministry urges countries in Asia to abandon dollar and calls on China to say "no" to Western payment systems, the Russian SWIFT alternative, which was established five years ago, still can not attract a significant number of banks from China.

    The Financial Messaging System of the Bank of Russia (FMS), which was established in 2014 after the annexation of Crimea and the collapse of relations with the West, was designed to ensure uninterrupted payments in the event of a …

  • China rejects Russia’s call to jointly respond to U.S. sanctions

    Russian Foreign Minister Sergey Lavrov's trip to China, which took place at the moment when the United States began to prepare new packages of tough sanctions against Russia, seems to have ended without the desired result.

    Although Lavrov posed for the protocol photos in the mask FCKNG QRNTN and accompanied his visit with abundant anti-Western rhetoric, accusing the U.S. of stupidity and inability to conduct diplomacy and at the same time praising the power and political influence of China, he …

  • ‘Delegation of Chinese investors to Crimea’ reported by Russian media turns out to be a group of small vendors from Moscow market

    A delegation of Chinese investors, who visited Crimea in early March and held talks with the government of the peninsula, discussing the tourism potential and prospects for economic cooperation, turned out to be a group of small vendors from Moscow wholesale and retail markets, reports the news website Meduza citing representatives of the Chinese diaspora in Moscow.

    Chen Shanwen, Chen Yong and Zhao Kai visited Crimea on March 11. They visited wineries and resorts, and participated in a …

  • Russian Foreign Minister proposes to stop using US dollar for international payments

    Russian Foreign Minister Sergey Lavrov has proposed to stop using the dollar and international payment systems in response to U.S. sanctions, reported the press service of the Russian Ministry of Foreign Affairs.

    Lavrov believes that the U.S. has set itself the task of "limiting the possibilities of technological development" of Russia and China. That is why Moscow should strengthen its economic independence.

    "That's why we need to reduce sanctions risks by strengthening our technological …