Russia’s Bashkortostan is ready to host the 7th BRICS summit and the Shanghai Cooperation Organization (SCO) summit in the capital Ufa, the republic's president Rustem Khamitov told RT. It’s hoped the events will bring the region to a new level, he said.
Russia should take into account the position of EU countries that have actively opposed the policy of Western sanctions when preparing a reciprocal response, says Russian Federation Council Speaker Valentina Matvienko.
The situation with the sanctions won’t escalate as Russia wants to keep a way open for political dialogue with the EU, said Alexander Mercouris, International Affairs Editor at Russia Insider, adding that Brussels’ policy is “wrong” and “failing”.
After Monday’s extension of EU sanctions, Russia wants to prolong and expand its food embargo. This may include flowers and chocolate, said Russian food watchdog spokesman Aleksey Alekseenko in an interview with Gazeta.ru.
Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said. The pipeline will have a capacity of 47 billion cubic meters a year.
The European decision to freeze Russian assets is a way of putting on pressure, trying to spoil the mood at the St Pete Economic forum; a reminder the EU is in conflict with Russia, says Alexander Mercouris, International Affairs Editor of Russia Insider.
Gazprom is planning to construct two threads of a new gas pipeline with a capacity of 55 billion cubic meters per year. Shell, E.On and OMV have been invited to participate, said the company. This could double direct supplies of Russian gas to Europe.
The 19th St. Petersburg International Economic Forum is underway. Despite sanctions, more than 7,000 guests and 1,000 international companies are represented, among them the heads of BP, Royal Dutch Shell and Total. RT will keep you updated.
Russia and China expect to use the ruble and yuan in payments for gas supplied using the western Altay pipeline. When it and the eastern Power of Siberia pipeline is open Beijing will become the biggest consumer of Russian gas.