Posts tagged: Russia



Russia emerges as Syria’s most valuable ally

The Media Line Staff Damascus, Syria David Rosenberg (The Medi – As the Arab League agreed to go to the United Nations Security Council early this week with a resolution calling for Syrian President Bashar Al-Assad to step down, Russia was reportedly doing a major arms deal with the beleaguered regime. The $550 million agreement [...]

US, China looking to Mideast for more oil

The Media Line Staff Beijing, China David Rosenberg (The Medi – The U.S. and China are likely to find themselves competing for access to Middle East oil as China’s booming economy demands increasing amounts of energy and the U.S. becomes increasingly reliant on the region for its petroleum, experts said. The two economies are the [...]

For Russia, new Mideast will be tough arms market

The Media Line Staff Manama, Bahrain David Rosenberg (The Medi – For the first time ever, Russia is selling weapons to Bahrain, whose government has been given the cold shoulder by the West for a violent crackdown on anti-government protests, as part of an effort by Moscow to capitalize on the Arab Spring to increase [...]

Somali fishermen driven from sea by illegal trawlers

Nairobi, Kenya (IRIN) – More than two years after Somali officials announced plans to regulate fishing in the country’s troubled waters, illegal trawlers continue to operate while local fisherman suffer attacks and depleted catches. The fishermen are not only losing a way of life but their lives, according to Somali fishermen. “We are not only [...]

Minsk Will Sell $7.5Bln in Assets

Alexei Kudrin said Tuesday that Belarus committed to privatizing $7.5 billion worth of assets before the end of 2013 in exchange for a loan from a Russia-led fund. The anti-crisis fund of the … View full post on All Stories

Belarus taps crisis fund for $3bn loan

BELARUS yesterday agreed to terms with Russia on receiving $3 billion in loans over the next three years to help with its deepening currency devaluation and other financial cr View full post on All Stories

Russia dangles $3 billion loan to Belarus

Russia’s finance minister is dangling a $3 billion loan in front of Belarus, saying Thursday that the cash hinges on the crisis-hit neighbor selling off certain national assets. View full post on All Stories

China Dev Bank ready to pump 10 bln yuan to BRICS

China Development Bank , which just signed a local currency credit deal with its BRICS counterparts, is ready to pump up to 10 billion yuan of loans into Brazil, Russia, India and South Africa this year, the bank’s governor said. View full post on All Stories

Bank of Moscow president flees Russia as police prepare charges

Bank of Moscow President Andrei Borodin has fled Russia after the police were ready to charge him with illegally granting a 13 billion ruble ($444 million) loan to Elena Baturina, wife of former Moscow Mayor Yury Luzhkov, sources said on Tuesday. View full post on All Stories

Belarus to Resume Foreign-Currency Lending

Belarus’s central bank will resume normal procedures for providing foreign currency to lenders, the regulator said Wednesday, a day after the country held talks with Russia on a $3 billion loan to help stave off a devaluation of the Belarussian ruble. View full post on All Stories

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