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Venezuela will refine gold in Turkey to protect reserves from US sanctions

The Central Bank of Venezuela will start refining gold in Turkey to avoid US sanctions –  penalties that deter the country from carrying out banking operations in Switzerland, according to the Venezuelan mining minister. “This is an agreement established with Turkey and the Venezuelan central bank,” Victor Cano told journalists. “It’s being done by allied countries because imagine what would ...

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Russia plans national road reconstruction project essential to economic growth

About 9,000 kilometers of highways and roads in Russia will be transferred to federal ownership by 2021 before a major rebuilding project to boost the country’s road infrastructure and the national economy. Read more The trend will continue after 2021 with additional 8,300kms of road becoming the property of the Federal government. Federal highways are usually of much better quality ...

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Zuckerberg warns break-up of Facebook will lead to Chinese tech dominance

Calls to break up Facebook in order to even out the playing field for competitors would result in a Chinese tech companies filling the void, said the social network’s co-founder Mark Zuckerberg. He pointed to the fact that the Chinese firms which will likely step in and dominate don’t have traditional American values. “I think you have this question from ...

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All roads lead to China: Russian gas from Arctic & Siberia to flow east at full capacity

Gas supplies to China via the Power of Siberia natural gas pipeline or the ‘Eastern Route,’ will reach the contracted level in six years, according to China National Petroleum Corporation (CNPC). “Supplies via the ‘Eastern Route’ are expected to start by the end of next year, initial volumes are 5 billion cubic meters, which will reach 38 billion cubic meters ...

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Chinese consumers ready to boycott American goods if trade war escalates

Most Chinese may stop buying US products in response to tariffs imposed last month on goods from their country by the White House amid rising trade tensions between Washington and Beijing, according to the latest survey. The recent study carried out by FT Confidential Research shows that 54 percent of respondents across 300 Chinese cities would “probably” or “definitely” reject ...

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BRICS group of emerging economies close ranks in face of US trade aggression

Russian President Vladimir Putin will attend the BRICS Summit in South Africa next week. The emerging economies of Brazil, Russia, India, China & South Africa will address challenges posed by escalating trade disputes with US. Read more The annual summit of the bloc will be held from July 25-27 in Johannesburg and will be attended by heads of the world’s ...

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Who actually benefits from sanctions on Iran?

Since President Trump announced the U.S. withdrawal from the JCPOA, Washington has been pressing allies to end all imports of Iranian oil by a November 4. deadline. Moreover, in a briefing on June 26, a senior State Department official was quite firm that the US doesn’t anticipate offering any extensions or waivers to that timeline. This statement created a feeling of ...

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US pulling out of WTO puts global security at risk – RT’s Going Underground

Published time: 18 Jul, 2018 17:30 US President Donald Trump has been bashing the World Trade Organization, a system that was created in American interests. What would happen if America leaves the WTO, RT’s Going Underground asks. The show talked to the Deputy Assistant US Trade Representative under former President Obama, Professor Matt Gold. He warns about the “downward spiral” ...

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French wineries urge govt to stop killing 'the soul of France' with health warnings on wine

Labeling bottles with bigger health warnings will turn wine into a “criminal product” and damage “the soul of France”, says the group of French top chateaus in response to the plan by the country’s health ministry. In an attempt to stop the measure, 64 major French wine producers, including Domaine de la Romanée-Conti, Yquem, Cheval Blanc, Petrus, Pol Roger and ...

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US-driven trade war biggest ‘confidence killer’ for global trade – Beijing

China has accused the United States of hurting the global economy by waging trade wars. Beijing says the whole world will retaliate if Washington sticks with its aggressive trade policy. Read more “The US trade war is not just with China but with the rest of the world. By regarding the rest of the world as adversaries, the US has ...

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