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The US, UK, and EU, as well as Ukraine and Georgia, rejected a Russian draft declaration calling for unilateral sanctions to be lifted to fight Covid-19.
Opening a long-pending multi-modal transportation corridor via Iran will be a big boost for bilateral trade between Russia and India, but it’s not just the economy at stake. This is a bold move against the threat of US sanctions.
Fishermen in Alaska are losing up to $60 million annually after access to one of their key markets was cut in 2014, when Russia imposed a food embargo in retaliation to US sanctions.
Russian oil giant Rosneft’s investments and commercial activities in Venezuela are legal, says state energy firm PDVSA, pledging to provide the necessary support for the producer’s “operational and commercial continuity.”
Rosneft stock slumped nearly five percent during Friday trading on the Moscow Stock Exchange after reports claimed that the US wants to slap the Russian oil giant with new sanctions over its cooperation with Venezuela.
Russian Foreign Minister Sergey Lavrov hit back at threats from Washington over Moscow’s support for Venezuelan President Nicolas Maduro, insisting Caracas and its neighbors deserve the option not to be US vassal states.
Exports of Russian crude surged last year, with shipments to the US increasing threefold, as Washington tightened sanctions against a number of countries, the Russian Ministry of Economic Development has said.
The Nord Stream 2 pipeline will be launched by the end of 2020, Russian Minister of Energy Alexander Novak has said. The completion of the project was sabotaged earlier by US sanctions.
Cooperation between Russia and Europe is growing, and pressure from the US just gives more impetus for further development of those ties, says Russian Economic Development Minister Maksim Oreshkin.