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.
High oil prices are not a blessing for Russia, however their current level and the ruble exchange rate are ideal for starting structural reforms, the head of the Presidential Administration Sergey Ivanov said in an interview with the Financial Times.
The majority of Canadians don’t know that their government is negotiating with 11 other countries in one of the biggest international free trade deals known as the Trans-Pacific Partnership (TPP), a recent poll suggests.
A joint venture between Japan’s SoftBank, China’s Alibaba and Foxconn Technology is bringing the emotional human-like robot Pepper to the global market. It’s the first step to make robots available to general consumers for home and work.
Today Greece represents a friction of opposition between two different visions of Europe – a Europe of austerity and a Europe looking back to its old social model, Greek Minister of Administrative Reform George Katrougalos, told RT.
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.
After a decade of negotiations China and Australia have sealed a free trade agreement which is expected to deliver a $20 billion boost to mutual trade by 2035. Currently trade between the two stands at almost $160 billion annually.
President Obama will have to wait up to six more weeks before getting fast-track authority to negotiate trade deals, such as TPP. The House put off a vote on the bill required to pass the authority, giving Obama time to drum up support within his party.
Chinese online retailer JD.com (Jingdong Mall) has chosen Russia as the first overseas market for its expansion, said company's official Victor Xu. The firm aims to become an e-commerce leader in the Russian market within five years.
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.