The BRICS New Development Bank is not an alternative to the IMF and the World Bank but rather a complement, said Presidential aide Sergey Glazyev. It will address the challenges that Western institutions currently ignore.
Jilin Province in China has offered to build a railway to Vladivostok for Russia’s Far East Region of Primorsky Krai. It would be the first cross-border high-speed rail link between the two countries and Russia’s major Pacific port.
The Central Bank of Russia is taking effective steps to stabilize the national currency and the economic situation as a whole, according to the Deputy Managing Director of the International Monetary Fund (IMF) Min Zhu.
Ukraine has every chance of becoming a gas exporter again, as it was in the first half of the 20th century, said US Ambassador to Ukraine Geoffrey Pyatt. He added that the US will certainly help Kiev to achieve the goal.
The Heilongjiang branch of the Export-Import Bank of China has allocated over $96.5 million to construct the Chinese section of the Sino-Russian railway bridge. The first railway bridge over the Amur River should cut transportation times and boost trade.
The European Commission has sharply cut its 2015 growth forecast for Greece to 0.5 percent, pointing to political uncertainty in Athens. Greece is struggling to agree a package of economic reforms with the Troika of creditors to unlock bailout funds.
Russian President Vladimir Putin has tasked the new Agriculture Minister Aleksandr Tkachyov with strengthening the sector and solving import substitution goal quickly. Western food imports have been banned following the US and EU anti-Russia sanctions.
Chinese President Xi Jinping has arrived in Pakistan on Monday on his first visit to the country in nearly a decade. He is reportedly going to announce a $46 billion investment in energy and infrastructure.
A new link between Asia and Europe through Russia will create millions of new jobs and slash travel time between the two by three-quarters. It’s expected to change the world economic map and bring Russia-Asia economic ties to a new level.
A former military aide to three different presidential administrations is under federal investigation for allegedly defrauding foreign investors out of nearly $16 million while promising to expedite their acquisition of US Green Cards.