Russia’s economy turned out to be more resilient than the West expected “when introducing sanctions against our country”, Russian President Vladimir Putin said on Tuesday. Putin said this during his address to the Russian Federal Assembly. “Russia’s economy and administrative…
Withdrawal from Russia drives car maker Renault into red
French multinational car maker Renault posted a net loss of 700 million euros (750 million dollars) in 2022, citing its withdrawal from the Russian market as reason. Overall turnover was up by 11.4 per cent to almost 26.4 billion euros,…
First delivery of liquefied natural gas expected at German port
The first delivery of liquefied natural gas (LNG) is to be received at the floating LNG terminal in the north of Germany on Wednesday. The LNG tanker ISH moored already on Tuesday by the port of Brunsbüttel at the mouth…
Britain: Russia boosting defensive fortifications in southern Ukraine
Russia is strengthening and expanding its defensive positions in occupied areas of Ukraine, Britain’s Defence Ministry said on Monday, as the war approaches it the second year. The intelligence assessment, issued daily by the ministry, said Russian forces “had likely…
Russia moves to cut oil production over western price caps
Russia announced Friday that it will cut oil production by 500,000 barrels per day next month after western countries capped the price of its crude over its action in Ukraine. “As of today, we fully sell all our crude output,…
Olympic committee restates sanctions against Russia, Belarus
The International Olympic Committee (IOC) responded to the remarks of Russian Olympic Committee (ROC) president Stanislav Pozdnyakov on Tuesday, reaffirming its stance on sanctions against the Russian and Belarusian state and governments. “The sanctions against the Russian and Belarusian state…
Russian Journalist sentenced for speaking out on Ukraine
A court in Moscow on Wednesday sentenced a Russian journalist in absentia to eight years in prison on charges of disparaging the military, the latest move in the authorities’ relentless crackdown on dissent. Alexander Nevzorov, a television journalist and former…
Russia imitates firing of hypersonic missile in Atlantic Ocean
The Russian Navy has successfully tested its new hypersonic Zirkon missile by means of computer simulation during a manoeuvre in the Atlantic Ocean, it announced on Wednesday. This was carried out during an exercise by the frigate Admiral Gorshkov in…
Tanks for Ukraine: Germany to send Leopard 2s and allow others to export
German Chancellor Olaf Scholz has decided to send Leopard 2 tanks to Ukraine, and allow other countries to do the same, reports in Germany say. Leopard 2s are made in Germany and Berlin needs to approve their export. Germany has…