Business
Decoupling from China may be ‘impossible’ – survey
Global companies could encounter difficulties in their attempts to diversify away from the Asian nation, an Allianz Trade report says
Chinese electric cars better than American – Putin
US authorities have imposed tariffs on Chinese electric cars to stifle competition, Russian President Vladimir Putin has said
Share of ruble in Russia’s European trade hits new record
The currency has become a major player in the country’s foreign trade with the region in light of Western sanctions
Russia and China could sign major energy deal – deputy PM
A contract for the Power of Siberia 2 pipeline could be signed soon, according to Aleksandr Novak
Russia and China jointly to promote cinema
Russia and China will establish a joint film fund to promote each other’s cinema, the CEO of the Russian Direct Investment Fund has said
90% of Russia-China transactions are in national currencies – Putin
Most payments between Russia and China are made in national currencies, which has boosted trade, Vladimir Putin has said
Chinese tourism to Russia surging
Tourists from China topped the list of foreigners visiting Russia in the first quarter of 2024, an association of tour operators reported
EU nations push for sanctions on global financial institutions over Russia – Reuters
France and the Netherlands have reportedly proposed severing business ties with anyone helping Russia’s military
US tycoon launches bid to buy TikTok
Frank McCourt has launched a bid to buy TikTok after Chinese-owned ByteDance was forced to divest from its US business
US threatens EU bank for working in Russia – Reuters
The US Treasury has threatened to curb Raiffeisen bank’s access to the US financial system over its activity in Russia, Reuters has reported
Russian nuclear giant slams US uranium ban
An American embargo on Russian nuclear fuel is discriminatory and non-market-oriented, according to Rosatom
US slaps steep tariffs on China
New tariffs on Beijing are aimed at countering risks to US economic security posed by “unfair Chinese practices,” the White House says
Amazon’s robot taxi firm probed after unexplained crashes
The US government is investigating Zoox after two motorcyclists were injured when the self-driving cars braked in front of them
Microsoft restores access to updates in Russia – Izvestia
Microsoft has restored access to updates for customers in Russia, having previously blocked them as part of its sanctions strategy
Moscow court bans racist job adverts
A Russian court has banned prospective employers from qualifying a job in advertisements by adding phrases such as “only for Slavs”
US to hike tariffs on Chinese goods – Bloomberg
The Biden administration is set to double, triple and quadruple tariffs on some Chinese goods, Bloomberg has reported