Tag Archives: favor

Most Americans favor diplomacy over sanctions when it comes to Russia – poll

Nearly 60 percent of Americans reject Washington’s punitive sanctions and pressure approach towards Moscow, and believe the US should focus on repairing relations with Russia, according to a new poll. Despite the ever-tightening ratchet of US sanctions, only 36 percent of responders believe such a strategy could improve bilateral ties between Washington and Moscow, the Gallup poll revealed Monday. In ...

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Russia’s move to ditch dollar in favor of gold minimizes risk of US political blackmail – analyst

Bank of Russia data shows the country’s gold holdings are approaching 2,000 tons, nearly quadrupling over the recent decade and rising to 17 percent of the nation’s total foreign reserves. By opting to purchase precious metals and liquidating holdings of US Treasury securities, Russia has been playing it smart, precious metals market analyst Dimitri Speck said, commenting on the latest ...

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Chinese refiner dumps US crude in favor of dollarless imports of Iranian oil

Dongming Petrochemical, an independent Chinese refiner, said it has halted crude purchases from the US and turned to Iranian imports amid escalating trade tensions between Beijing and Washington. Dongming Petrochemical has nearly 6,300 employees, total assets of 30 billion yuan ($ 4.5 billion) and the primary processing capacity is 15 million tons per year, according to the company website. Chinese ...

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Germans favor withdrawal of US troops, not paying more for US ‘protection’ – poll

Almost every second German favors the withdrawal of US forces based there, according to a poll taken prior to the NATO summit, at which Donald Trump accused Berlin of relying on Washington’s protection and not contributing enough. Some 42 percent of Germans are ready to see 35,000 US troops return home, a new YouGov poll, conducted on behalf of the ...

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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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