Tag Archives: favor

Russia & Belarus ditching dollar trade in favor of national currencies

The Belarusian Prime Minister, Andrey Kobyakov, has called for a complete shift away from the US dollar towards national currencies in Russia-Belarus trade and price-setting. “That would be great if the entire trade turnover, as well as price-formation were set in national currencies,” Kobyakov said during the session of the Council of Ministers of the Union State of Russia and ...

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Russia ready to ditch dollar in favor of euro in foreign trade – finance minister

Settlements in the US currency could be dropped by Russia in favor of the euro if the EU clarifies its position against the expansion of sanctions on Russia by Washington, Finance Minister Anton Siluanov said at SPIEF. “As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility of switching from the US dollar to ...

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China urges ditching dollar & euro trade with Russia in favor of national currencies

There is no need for Russian and Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia. Read more “The leaders of the two countries should think over improving relations, especially in financial cooperation. Why make payments with foreign ...

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Caviar diplomacy: Probe suspects Council of Europe members of corruption in favor of Azerbaijan

There is “a strong suspicion” that several Parliamentary Assembly of the Council of Europe officials, including its former head, have been involved in corrupt activities in favor of Azerbaijan, a new PACE report said. The officials have accepted luxury gifts, including caviar, carpets, and stays in top hotels in the Azeri capital, Baku, the 219-page report conducted by French, UK, ...

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Strategic Russian firm dumps SWIFT in favor of domestic bank transfer alternative

Russian state tech giant Rostec will use Russia’s analogue of SWIFT interbank cash transfer services, the company said in a press release. Read more The tech firm will connect to the Russian system for transfer of financial messages (SPFS) to make its payments safer. “The digital infrastructure will help to exchange data in encrypted mode, which reduces the risk of ...

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Russia & China gradually ditching US dollar in favor of domestic currencies as trade booms

Moscow and Beijing have been cutting the share of the US dollar in bilateral settlements, as trade between the countries rapidly grows. China is Russia’s largest trading partner, accounting for 15 percent of Russian international trade last year. In January 2018, it grew to 17.2 percent. Germany, which holds second place among Russia’s trade partners, has a share of about ...

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Trump: Leadership of FBI & Justice Dept politicized investigative process in favor of Democrats

Published time: 2 Feb, 2018 11:40 Edited time: 2 Feb, 2018 11:57 Donald Trump has lashed out at the leadership and investigators at the FBI and the Justice Department, saying that they politicized “the sacred investigative process” in favor of Democrats and against Republicans. The US president attacked both authorities on Twitter by saying that their political bias is “something ...

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Facebook to favor ‘trustworthy’ news sources – Zuckerberg

Feeling the pressure from Congress to ‘fix’ his social media platform, Facebook CEO Mark Zuckerberg has resorted to crowdsourcing the ratings system for “trustworthy” news sources appearing on users’ feeds. “I’ve asked our product teams to make sure we prioritize news that is trustworthy, informative, and local. And we’re starting next week with trusted sources,” Zuckerberg said in a Facebook ...

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Putin says Russia should ditch petrol in favor of natural gas fuel

Published time: 28 Dec, 2017 13:19 Russia should follow the lead of Gazprom and have more cars running on natural gas instead of traditional gasoline, according to President Vladimir Putin. It is cheaper and more eco-friendly, he said. “Gas fuel is, of course, more environmentally friendly. And we have great competitive advantages in this because we have enough of this ...

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Supreme Court justices signal in favor of cell phone privacy

A string of robberies could end up having a major impact on technological privacy rights in the US, after Supreme Court justices expressed concern over warrantless cell phone tower data usage during a hearing on the case. Supreme Court justices heard a case on Wednesday in which authorities obtained 127 days of information from cell phone towers to demonstrate that ...

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