Russian economy remains stable despite potential US sanctions — minister
The macroeconomic situation in Russia remains stable despite the possibility of new US sanctions, Economy Minister Maxim Oreshkin told reporters on the sidelines of the Russia-ASEAN forum. “For the last several years, our goal was to build a macroeconomic system, which will be resistant to external shocks. Oil prices have plunged by 25%, but the situation remains stable,” he commented on how strained the situation in...
Putin to take part in East Asia Summit in Singapore
Russian President Vladimir Putin will take part in the 13th East Asia Summit (EAS) on the third day of his official visit to Singapore. The Kremlin press service reported that Thursday’s plenary session will focus on “issues of strengthening regional security and combating terrorism, boosting cooperation in the sphere of healthcare, high tech and environment protection.” The summit began on Wednesday evening with an...
UK cabinet backs Brexit draft
The UK cabinet of ministers has approved a draft withdrawal agreement between the UK and the EU, Prime Minister Theresa May said on Wednesday. “The collective decision of cabinet was that the government should agree the draft withdrawal agreement and the outline political declaration,” May said after a cabinet meeting. “This is a decisive step which enables us to move on and finalize the deal in the days...
Rosatom eyes possibility of building 4 nuclear power blocks in Saudi Arabia
Russia’s nuclear power corporation Rosatom considers a possibility of constructing a two-block nuclear power station in Saudi Arabia, Rosatom’s overseas trading company Tenex said in its report. Two more blocks may be later added to the nuclear power station in Saudi Arabia, Tenex said. It was reported in February 2018 that Rosatom submitted its bid for a tender on constructing two nuclear power blocks in Saudi Arabia. In...
Saudi King Salman Looking to Remove Son Mohammad as Crown Prince: Report
The Saudi crown prince, for his involvement in controversial projects and issues, invited national and international criticism including, it seems, the loss of confidence of his father, the King. Saudi crown prince Mohammad bin Salman’s position as a crown prince is facing precariousness as his father King Salman is looking to replace him, according to a report by Spanish newspaper Publico. The conflict between the king and his son...
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