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European Union
06/28/2024
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By Kevin Hughes
EU hastens DE-DOLLARIZATION by stealing Russian money and giving it to Ukraine
The European Union will send 1.4 billion euros ($1.5 billion) from the frozen assets of the Central Bank of Russia to the European Peace Facility (EPF) to meet Ukraine’s military requirements – a move that will accelerate de-dollarization. Josep Borrell, EU high representative for foreign affairs and security policy, declared on June 24 that the […]
04/25/2024
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By Richard Brown
Switzerland confirms it holds $14.3 billion in FROZEN Russian assets
Switzerland has disclosed that it currently holds an estimated 13 billion Swiss francs ($14.3 billion) in Russian assets, frozen within its financial institutions. These assets are divided evenly between state-owned holdings and those belonging to private individuals, as revealed by the national agency responsible for overseeing sanctions. While the value of Russia’s state assets remains […]
04/24/2024
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By News Editors
EU will lose more than Russia if it confiscates assets – Moscow
Moscow has drafted a package of retaliatory measures in the event that Western countries seize Russian sovereign assets that have been frozen over the Ukraine conflict, senior senator Valentina Matvienko warned on Tuesday. (Article republished from RT.com) In an interview with Russian journalist Dmitry Kiselyov, the chairwoman of the Federation Council said that the EU’s […]
04/22/2024
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By News Editors
EU elites promised a prosperous green future. This could be their undoing
Lenin famously defined communism as Soviet power plus electrification of the whole country. In other words, the ideological project of building communism was supplemented by the technocratic project of electrification, the latter being an important source of legitimacy for the new regime. (Article by Henry Johnston republished from RT.com) The present-day European Union is engaged […]
02/26/2024
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By Richard Brown
U.S., other countries impose sanctions on over 500 Russian economic targets to mark the second anniversary of war in Ukraine
The United States and other countries have marked the second anniversary of the ongoing war in Ukraine with more sanctions targeting Russia. These sanctions include over 500 targets and will specifically focus on Russia’s military-industrial complex and companies in countries that facilitate Russia’s access to desired goods, according to Deputy U.S. Treasury Secretary Wally Adeyemo. The move is […]
01/09/2024
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By Richard Brown
Over 55,000 companies shut down in France as country’s economy implodes
France witnessed a record-breaking year for business closures in 2023, with over 55,000 companies shutting down, according to data compiled by the Bank of France as of December. The statistics, released by the regulator on Saturday, reveal that an average of 55,492 companies faced bankruptcy or liquidation over the past 12 months. While the surge […]
12/29/2023
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By Ethan Huff
Western sanctions on Russia “seriously underestimated” Moscow’s economic strength
The Group of Seven (G7) and the European Union (EU) made a serious mistake in calculating the effectiveness of their post-Ukraine invasion sanctions on Russia. Instead of having the intended effect of crippling Moscow’s energy revenues, Western sanctions on Russian exports have done a whole lot of nothing as the “formal effectiveness” of the plan […]
10/19/2023
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By Zoey Sky
Banker says Russian electricity is 10X cheaper than that of the U.K., at least 4X cheaper than the EU’s
A leading banker from PJSC Sberbank (formerly Sberbank of Russia) said electricity costs for Russian consumers are about 10 times lower than in the U.K. and at least four times less than in the European Union (EU). The banker was referring to prices for households and businesses. Anatoly Popov, deputy chairman of the board of Russia’s largest lender, disclosed this […]
08/17/2023
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By Laura Harris
India not turning away from Russian Urals crude even as discount to global benchmarks narrows
Indian buyers see no reason to turn away from Russian Urals crude even as the discount to global benchmarks narrows. They argue that similar-quality barrels from the Middle East remain more expensive. In 2022, Russia became the leading supplier of crude due to affordable prices and good control of energy inflation. Earlier this year, the discount […]
03/16/2023
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By Belle Carter
Aluminum company Speira closes down German plant
Global aluminum company Speira announced that it will close down its Rheinwerk plant in Germany. According to a Bloomberg report, the closure followed a 50 percent cut in production announced by the company in September 2022. The media outlet added that this serves as “a fresh sign of the damage wrought by an energy crisis that’s […]
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