India is to start negotiating a free trade agreement with the Customs Union of Russia, Belarus and Kazakhstan within the next six months, Indian Deputy Minister of Commerce and Industry Rajeev Kher has said.
The European Union has decided to turn to alternative gas suppliers such as Azerbaijan, Turkmenistan, Algeria and Turkey following recent “political challenges” including the Ukraine crisis and the cancellation of the Russia-led South Stream gas pipeline.
EU sanctions against Russia over the Ukraine crisis have neither proved effective, nor met the expectations of those who imposed them, but brought huge losses, said Cyprus President Nikos Anastasiadis ahead of a visit to Moscow.
Efficient cooperation between the EU and Russia will define the future of Europe. That’s why the EU shouldn’t waste any opportunity to unite with Russia in pursuance of a “prosperous future,” said Hungarian Prime Minister Victor Orban.
The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.
Ukraine is now further from national sovereignty than it was a year ago, with the IMF running its finances and an American-born Ukrainian, Natalie Jaresko, heading the Finance Ministry, Roger Annis, Editor, Newcoldwar.org told RT’s In the Now show.
Coca-Cola Hellenic (HBC), the second biggest bottler of Coca-Cola products, has announced an 11.4 percent drop in fourth quarter profit, warning of further severe market decline in its biggest market Russia.
Oil giant BP says significant shale gas production in Britain and Europe over the next 20 years is unlikely. In a damning forecast, the energy firm said fracking will gain little traction outside America before 2035.
Canada has added Russia’s largest oil producer Rosneft, and the CEO of Rostec, to a sanctions blacklist along with 37 Ukrainians and 17 Russian and Ukrainian organizations. They are all covered by economic sanctions and travel bans.