Iran and Russia are planning to switch their bilateral trade to national currencies for which the states will create a joint bank or a mutual account, Iran's ambassador to Russia, Mehdi Sanaei, has announced.
Russia’s response to a possible cut-off from the SWIFT international banking payment system will be “unrestricted,” Prime Minister Dmitry Medvedev vowed. The West is pushing for hitting Moscow with more sanctions as the Ukraine crisis deteriorates.
While top US diplomats have privately backed a weapons ban amid the bloody civil war in South Sudan, a new report indicated that US National Security Advisor Susan Rice is chiefly responsible for stalled attempts at an arms embargo in the oil-rich nation.
Vladimir Putin’s ability to understand the business of the military industrial complex and give detailed instructions on its work could help to improve life in the USA, Russia’s deputy PM Dmitry Rogozin has suggested.
The Russian military is putting the finishing touches to its very own heavy military UAV. The drone is part of a wider modernization effort, with the cutting-edge flagship S500 missile system coming in 2017.
Germany has stopped arms exports to one of its biggest buyers, Saudi Arabia. The instability in the region led Chancellor Angela Merkel and her ministers to take the decision. The information hasn’t been officially confirmed.
Last month, Washington surprised the world when it lifted sanctions against Cuba. Political analyst Daniel Shaw believes the US strategy is unchanged and this is just an attempt to turn Cuba into a neo-colony.
Sanctions are an ineffective instrument that hurt economies and ordinary people. What the West and Russia really need is to maintain cooperation and be open for a new way of dialogue, experts told RT at the forum in Davos.