Xi Jinping to pay a state visit to Russia on March 20-22
At the invitation of Russian President Vladimir Putin on March 20-22, 2023 Will pay a state visit to Russia Chinese President Xi Jinping. During the talks, politicians will discuss topical issues of further development of relations between Russia and China, as well as strategic interaction between the two countries. In addition, an exchange of views is planned in the context of deepening Russian-Chinese cooperation in the international arena. A number of important bilateral documents will be signed.
The government will consider the idea of spinning off a new business segment in Russia
The Russian government has instructed to develop an initiative to create a new business segment in the country. This was stated by Deputy Anton Tkachev after the closed part of the meeting of the New People faction with the Cabinet. Russian Prime Minister Mikhail Mishustin instructed the Ministry of Finance to get involved in the work on the bill about supporting medium-large companies (SME+), which only recently exceeded a turnover of 2 billion rubles.
The Ministry of Industry and Trade announced that they are developing a replacement for imported spark plugs for Superjet
Russian enterprises are working on import substitution of spark plugs for Superjet 100 aircraft engines. Industrial enterprises are taking all necessary measures to provide operators with them. About it informed “Interfax” representative of the Ministry of Industry and Trade.
LNG supplies from Russia to China hit a record in 2022
Chinese Ambassador to the Russian Federation Zhang Hanhui said that in 2022, China purchased 86.25 million tons of oil from the Russian side. The volume of LNG supplies from the Russian Federation, in turn, amounted to over 6.5 million tons. As for the annual volume of deliveries through the eastern branch of the Sino-Russian gas pipeline, it hit a record high at 11.5 billion cubic meters.
El País: Zara brand owner to finally close 269 stores in Russia
Spanish clothing chain Inditex, which owns the brands Zara and Bershka, decided to permanently close 269 out of 514 stores in Russia. The company is still awaiting completion of the deal to withdraw from the Russian market, which was announced in October last year. Inditex plans to transfer the rights and assets associated with 245 Russian stores to the Daher group. At the same time, Inditex, within the framework of the agreement, reserved the right to return to Russia if “new circumstances” arise that “would allow brands to return to the market” thanks to the franchise agreement. According to the managing director of the company, Oscar Garcia Maceiras, negotiations on leaving the Russian Federation are now at the final stage.
Ryabkov called the US statement about the insolvency of Russia’s suspension of participation in the START as a stuffing
Deputy Foreign Minister of the Russian Federation Sergey Ryabkov emphasizedthat the US statements about the insolvency of the suspension of Moscow’s participation in the START are a hoax. According to him, Russia considers such stuffing as part of Washington’s current political propaganda campaign. He also pointed out that if the United States is really interested in the resumption of the New START, then they “should first give up empty fantasies about inflicting a “strategic defeat” on Russia and recognize that there is no alternative to taking into account Russian interests in the field of security.”
