Source link Baltic ports in Latvia and Lithuania have become a gateway for wine and whisky imports to the sanctioned country There is no need for Russia to impose an embargo on wine and whisky imports from ‘unfriendly’ countries, but deliveries via the ‘hostile’ Baltic nations must be stopped, Sergey Ivanov, a special representative to […]
Source link Nearly 30% of total income went to 10% of the population last year, according to Rosstat Income disparity among the Russian population increased in 2023, according to the latest report on the social and economic situation in the country by Rosstat, the official statistics agency. Rosstat uses the Gini index, a measure of […]
Source link Currently, 90% of the country’s growth comes from non-resource-based industries, according to the president The Russian economy is becoming more complex and technologically advanced and less based on natural resources, President Vladimir Putin said on Thursday in a key annual speech to the Federal Assembly, the country’s national legislature. The country’s non-resource-based exports […]
Source link Policies enacted by the US and EU have discredited the Western banking system and currencies, according to the Russian president The West is discrediting its own currencies and banking system, Russian President Vladimir Putin said in his annual address to the Federal Assembly on Thursday, adding that the established monopolies and stereotypes in […]
Source link Those who take their funds abroad risk “losing everything,” according to the president Russian President Vladimir Putin has called on the country’s businesses to invest at home so that they don’t have to search for ways to get their assets back from the West. Those who withdraw funds abroad risk “losing everything,” the […]
Source link France and Germany have warned that outright confiscation would reflect badly on the West’s financial system A rift is growing between Western allies over confiscating frozen Russian assets to help Ukraine as they continue to argue over legal ways to use the immobilized funds, Bloomberg reported on Wednesday. The West has frozen roughly […]
Source link The country hopes to become one of the top four global economic powerhouses, the president has said © Getty Images/Mordolff You can share this story on social media: Follow RT on
Source link The group will account for 36.6% of the world’s GDP in PPP terms by 2028, according to the Russian president The BRICS states are overtaking the G7 in terms of share in global GDP in PPP terms, Russian President Vladimir Putin said on Thursday while addressing the Federal Assembly. The share of BRICS […]
Source link Prices for heating, electricity and refueling are reportedly 41% higher in 2024 than before the crisis Consumers in Germany are having to pay significantly higher for heating and electricity in 2024 than before the energy crisis, the Berliner Morgenpost has reported, citing the latest study by the portal Verivox. According to the report, […]
Source link American officials have reportedly visited Türkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. At the behest of the […]
Source link The current five-year contract between Moscow and Kiev is due to expire at the end of this year The European Commission is working hard to abandon Russian gas supplies that it receives through Ukraine, the commission’s spokesperson, Tim McPhie, has said. The EU’s gas transit contract with Moscow expires at the end of […]
Source link The leading cryptocurrency has reached a two-year high after several consecutive days of gains The price of Bitcoin, the world’s highest-valued cryptocurrency, surged past the $60,000 mark on Wednesday, according to CoinDesk. The token rose above $60,600 at 14:55 GMT, its highest level since November 2021, marking a gain of over 6% over […]
Source link US tech giant Apple has abandoned its decade-long effort to build an electric car, Bloomberg reported on Tuesday, citing people familiar with the matter. The anonymous sources told the outlet that the announcement, which Apple made internally on Tuesday, came as a surprise to the nearly 2,000 employees working on the project. The […]
Source link Protesting farmers have reportedly offloaded Ukrainian produce from freight cars onto the ground Kiev has demanded compensation from the Polish farmers who dumped onto the ground about 180 tons of Ukrainian grain from freight cars transiting the country during a recent blockade, RBK Ukraine reported on Wednesday, citing first Deputy Agriculture Minister Taras […]
Source link Authorities in Zurich paid city workers double their February salary due to a technical mistake, a statement published Monday on the official website of the Zurich City Council said. According to the statementthe error occurred when state-owned Zuercher Kantonalbank (ZKB), which handles the city’s salary transfers, was processing this month’s payments. A glitch […]