President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran as Saudi Arabia displayed remnants of drones and missiles it said Tehran used in a crippling weekend attack on its oil facilities. "I have just instructed the Secretary of the Treasury to substantially increase sanctions on the country of Iran! "They want to impose maximum......
MOSCOW, Sept 10- Russian Energy Minister Alexander Novak told Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, that both countries have to continue cooperation, the Russian ministry said in a tweet on Tuesday.
Treasury Secretary Steven Mnuchin said on Monday that the Trump administration was considering imposing sanctions on related to Turkey's purchase of the Russian-made S-400 air defense missile system, but no decisions have been made. Ankara and Washington have been at loggerheads over Turkey's purchase of the S-400 system, which the United States says is...
MOSCOW, Sept 9- Russian President Vladimir Putin told the head of state-controlled Gazprom to consider making Russian gas exports to China via Mongolia, the Kremlin said on Monday. Gazprom is due to start exporting gas to China in December via the eastern Power of Siberia pipeline. "Please, look into the resources of Yamal as well, in order to gather the necessary...
Russian President Vladimir Putin has given NATO a "reason to live again" and is one key factor behind the resurgence and improved capability of the military alliance.
President Vladimir Putin has said Russia will produce new missiles that would have been banned under a recently defunct nuclear arms treaty with the U.S.
In August, Saudi Arabia decided to relax its bug-damage specifications for wheat imports, opening the door to Black Sea imports and strengthening ties with Russia beyond energy cooperation. Falih and Patrushev will meet as part of Patrushev's visit to Saudi Arabia on Wednesday, the ministry added. Russia, the world's largest wheat exporter, has long sought...
VLADIVOSTOK, Sept 4- India and Russia are targeting $30 billion of annual trade by 2025, India's foreign secretary said on Wednesday as a string of energy deals deepened economic ties between the nations. This is a sector where we are looking to diversify our sources of supplies and we are increasingly finding it attractive to buy oil and gas from the Russian...
*OPEC sources expect no change in Saudi OPEC policy. Separately, senior sources from OPEC and the oil industry said they expected Saudi Arabia to stick to its policy of restraining oil output as long as Riyadh wants to sell a stake in state oil firm Aramco. Russian Energy Minister Alexander Novak praised Falih and said the Organization of the Petroleum Exporting...
Russia, the world's largest wheat exporter, has long sought access to Saudi Arabia's wheat market as Moscow tries to take further market share in Middle Eastern and North African wheat markets from the European Union and the United States. After Saudi Arabia said in August it would relax its limits for bug-damage in hard wheat to 0.5% from 0% from its next tender,...
VLADIVOSTOK, Russia, Sept 4- Changes in the Saudi Arabia's oil industry will not affect cooperation between Moscow and Riyadh, Russia's Energy Minister Alexander Novak and Kirill Dmitriev, head of the RDIF sovereign wealth fund, said. This week Saudi Arabia named Yasir al-Rumayyan, head of the kingdom's PIF sovereign wealth fund as chairman of Saudi Aramco,...
U.S. intelligence says the explosion off Russia's northern coast occurred during a mission to recover a nuclear-powered missile from the ocean floor.
MOSCOW/ VIENNA, Aug 29- A Russian liquefied natural gas unit hailed by President Vladimir Putin as a guarantor of energy security to Russia's Kaliningrad enclave has been leased by OMV, in the absence of immediate threats to its overland gas supplies. The Marshal Vasilevskiy floating storage and regasification unit- a terminal with storage facilities which...
Protests seen in Moscow in recent week show that Putin's grip on power in Russia might not be as strong as it once was, experts say.
*China stocks end lower despite stimulus. The MSCI's index for EM stocks was largely flat, with stock markets in India, Turkey and South Africa all in the red. "Calculating the amount of RMB depreciation needed to offset tariff-related price changes shows that it has been mostly reactive and defensive, and Beijing has not allowed the RMB to weaken more than...
MOSCOW, Aug 26- President Vladimir Putin on Monday described Russia's economic growth as insufficient, telling the head of the central bank and top government officials to come up with ways to boost real incomes growth. Putin raised the lingering incomes issue at a meeting with Central Bank Governor Elvira Nabiullina, Economy Minister Maxim Oreshkin, Finance...
*Trump opens door to diplomacy with Iran. President Donald Trump on Monday offered an olive branch to China after days of intense feuding over trade and opened the door to diplomacy on Iran, easing tension on the last day of a strained G7 summit. These ranged from Washington's escalating trade war with China, which many fear could tip the slowing world economy into...
President Donald Trump will participate in a joint news conference with French President Emmanuel Macron on Monday at the conclusion of the G7 summit in France, the White House said on Sunday. The session will take place in Biarritz at 3:30 p.m., following the G7 closing session, the White House said in its daily press schedule for Monday. Trump, a turbulent...
BIARRITZ, France, Aug 25- Iran's foreign minister paid a visit to a G7 summit in France on Sunday, an unexpected twist to a meeting already troubled by differences between U.S. A White House official said France's invitation to Mohammad Javad Zarif for talks on the sidelines of the gathering in the southwestern beachside town of Biarritz was "a surprise".
MOSCOW, Aug 23- Russian state-controlled bank VTB has asked President Vladimir Putin to help it create a Russian grain champion to curb the role of foreign traders and give the state greater control over exports, a letter seen by Reuters shows. Russia has become increasingly concerned about food security and reducing its reliance on imports since Western...
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