Russia | DD News

June 18, 2024 9:08 PM

Treated as a pariah by the West, Putin set for warm welcome in Vietnam

Russian President Vladimir Putin is widely portrayed as a pariah in the West, but he looks set to receive a warm welcome when he visits Communist-ruled Vietnam this week. Vietnam is not a member of the International Criminal Court (ICC), which has issued an arrest warrant for Putin over alleged war crimes in Ukraine, and ties between Hanoi and Moscow have been strong for decades. Like Moscow, Hanoi also keeps a close eye on what is reported by national media, and Western advocacy groups say me...

June 18, 2024 11:04 AM

Putin to visit North Korea for first time in 24 years

Russian President Vladimir Putin will visit North Korea on Tuesday and Wednesday for the first time in 24 years, the two countries said, underscoring Moscow's burgeoning partnership with the nuclear-armed state since the invasion of Ukraine. North Korean leader Kim Jong Un extended an invitation to Putin during a visit to Russia's Far East last September. Putin last visited Pyongyang in July 2000. In Washington, the White House said it was troubled by the deepening relations...

June 13, 2024 4:50 PM

G7 leaders seek deal to use interest from Russian assets for Ukraine

Leaders of the Group of Seven major democracies started their annual summit on Thursday, many of them under a cloud at home but determined to make a difference on the world stage as they seek to help Ukraine and counter China's economic ambitions. Heading into two days of talks, diplomats said a deal had been agreed in principle on plans to issue $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after Moscow launched its invasion of its neighbour in 2022. Wes...

June 13, 2024 10:45 AM

Study details huge emissions resulting from Russia’s invasion of Ukraine

Russia's invasion of Ukraine has directly caused or paved the way to the emission of 175 million tonnes of carbon dioxide (CO2) into the atmosphere, a joint report said on Thursday. The report, published by Ukraine's environment ministry and climate NGOs, said their estimate included both emissions that had been released and those that would be produced during repair work following the destruction caused by the February 2022 invasion. It laid out some of the main carbon-emitting activities cau...

June 11, 2024 11:03 AM

Russia’s new co-operation pact with Iran suspended, RIA agency reports

A new agreement between Moscow and Tehran on comprehensive cooperation has been temporarily suspended due to problems that Iranian partners are facing, Russia's RIA state news agency reported on Tuesday citing a Russian foreign ministry official. "This is a strategic decision of the leadership of the two countries," RIA cited Zamir Kabulov, the foreign ministry official as saying. "The process ... has stopped due to problems that our Iranian partners have." There was no immediate comment from ...

September 16, 2024 6:10 PM

BRICS calls for enhanced use of local currencies in trade between member countries

The BRICS ministers of Foreign Affairs met in Russia's Nizhny Novgorod on Monday and held a plethora of discussions, including an important one on the enhanced use of local currencies in trade and financial transactions between the BRICS countries. At the meeting, the ministers recognized the need for a comprehensive reform of the global financial architecture. "They recalled the paragraph 45 of the Johannesburg II Declaration tasking the Finance Ministers and Central Bank Governors of the BRIC...

June 7, 2024 4:56 PM

World food prices rise for third straight month in May, UN says

The United Nations World Food Price Index rose for a third consecutive month in May, as higher cereals and dairy product prices outweighed drops in prices for sugar and vegetable oils. The U.N. Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 120.4 points in May, up 0.9% from its revised April level, the FAO said on Friday. The May reading was nonetheless 3.4% below the level seen a year earlier. The FAO index hit a three-year l...

June 7, 2024 3:19 PM

Amid war, Putin looks east from Russia’s window to Europe

Cut off from the West, Russia is pitching its $2 trillion economy to giants like China and Saudi Arabia and longer-term prospects like Zimbabwe and Afghanistan at its premier investment forum in St Petersburg, which was founded by the tsars as a window to Europe. The war in Ukraine has led to the biggest upheaval in Russia's relations with the West since the 1962 Cuban Missile Crisis, and Western sanctions have forced a once-in-a-century revolution in Russia's economic relations. Since Peter t...

June 7, 2024 10:14 AM

Russia, China wrangle with US over UN resolution on Gaza ceasefire plan

Russia and China, which hold veto powers in the U.N. Security Council, raised concerns on Thursday with a U.S. draft resolution that would back a proposal - outlined by President Joe Biden - for a ceasefire between Israel and Palestinian militants Hamas. The council's only Arab member, Algeria, also signaled it was not ready to back the text, diplomats said. A resolution needs at least nine votes in favor and no vetoes by the U.S., France, Britain, China or Russia to pass. Biden laid out a t...

June 6, 2024 1:36 PM

Russian central bank urges global integration despite sanctions

Despite Western sanctions, Russia must be integrated in the global economy with countries that are prepared to work with it, central bank Governor Elvira Nabiullina said at Russia's flagship annual economic forum in St Petersburg on Thursday. The event once drew top Western bankers and company executives, but the main foreign participants now are from countries still friendly to Russia. The presidents of Bolivia and Zimbabwe are due to appear alongside Russian President Vladimir Putin at Friday...