Widely considered one the of the world’s most beautiful underground networks, the Moscow Metro has become one of the major tourist attractions, and even inspired a group of French architects, the city authorities revealed. [...]

The White House's tough trade practices and sanctions policies may finally backfire on the US, prompting holders of US debt to dump American Treasuries. The move could have a serious impact on the decades-long leadership of the US dollar. Russia and China are dumping their US Treasury debt holdings amid Washington's sanctions and tariff spree. [...]

The Central Bank of Russia (CBR) commonly factors in all kinds of risks when allocating the country's reserves, said the CBR chief, commenting on a major sell-off of US Treasury bonds. “We pursue the policy of safe and diversified holdings,” CBR Governor Elvira Nabiullina said while answering questions before Russia's lower house of parliament. [...]

The US government is slated to receive one of two batches of Russian-made rocket engines in the second quarter of 2018, according to a leading Russian rocket designer, at nearly the same point when the newly created US Space Force is being established as a new branch of the US armed forces. [...]

These measures will only affect products that have analogues in Russia, Minister of Economic Development of the Russian Federation, Maxim Oreshkin said. "Because the US continues to apply protective measures in the form of additional import duties on steel and aluminum and refuses to provide compensation for Russia's losses, Russia is using its WTO rights and introducing balancing measures with re [...]

Despite facing years of sanctions from the US and EU, the Russian economy is growing again thanks to a winning formula of low debt and high reserves. The sovereign debt of Russia is a fraction of that in developed countries like the UK or US. Russia’s foreign debt now stands at $525 billion, compared to $7.5 trillion in Britain, $5 trillion in France, $4.8 trillion in Germany, and an eye-waterin [...]

Moscow and Delhi are seeking to bypass US sanctions by using the rupee and the ruble in facilitating military deals, according to Indian daily, the Economic Times. The paper reports that US sanctions are hampering $2 billion in defense deals between Russia and India, as payments are getting stuck. [...]

It was the dogs what done it. The picture of the "pile of canine corpses on the streets of Russia killed in the name of the world cup," I mean. Or at least the thousands of people who had retweeted the image thought so, before it turned out the dead dogs were Pakistani, killed for public health reasons in Karachi five years before. [...]

Russia is crucial in bringing peace to Syria and Ukraine, Austrian leader Sebastian Kurz told his Russian counterpart Vladimir Putin, adding he hopes Moscow helps secure peace in Donbass, paving the way to lifting EU sanctions. “Russia, as a superpower, has an important role in Syria and eastern Ukraine, and Russia has great responsibility,” Chancellor Kurz said after talks with Russian Presid [...]

The US is force-feeding Europe its liquefied natural gas, which is three times more expensive that buying it from Russia, Austrian President Alexander Van der Bellen said after signing a gas-supply contract with Moscow until 2040. While US politicians are accusing Europe of being dependent on Russian gas, they forget that “American liquefied gas is two or three times more expensive than Russian [...]

Washington has warned New Delhi that procurement of Russian advanced military systems may jeopardize defense cooperation and technology sharing between the US and India, as well as “interoperability” between their armed forces. “There is a lot of concern in the US administration and Congress with the S-400,” House Armed Services Committee chairman Mac Thornberry told India’s Economic Tim [...]

The United States is isolating itself from countries around the world, and making countries unite in a time of economic repression from Washington, prominent investor Jim Rogers says. “America is pushing China and Russia together, America’s pushing China and Iran together, pushing China, Iran, Russia all together, and that’s pushing America out of some very major countries in the world,” R [...]

US will have hard time convincing key EU members to offset overreliance on Russian piped gas with US LNG. Russia's largest gas producer Gazprom and the European Commission have recently resolved a seven-year anti-trust dispute. Much of this comes amid President Donald Trump’s so-called American energy independence push as well as both US and several EU members thrust to wean Europe off of geopol [...]

A Russian military contractor, specializing in electronic warfare, will use information gained from dissecting a US Tomahawk cruise missile, used during an attack on Syria, to boost the capabilities of its own equipment. The missile, delivered to Russia after the tri-party night attack on Syrian government targets by the US, the UK and France in April, is of particular interest to KRET, a leading [...]

By trying to bring an end to the Russo-European Nord Stream 2 project, the US is pursuing its own economic interests rather than taking care of Europe's energy security. Washington is seeking to boost sales of its own expensive liquefied natural gas to Europe, thus undermining the Old Continent's competitiveness. [...]

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work. The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg Int [...]

Germany has had enough of American foreign policy. Angela Merkel’s visits to Russia and China are a testament to that. On May 10, 2018, German Chancellor Angela Merkel openly said that Europe can no longer count on the United States to protect it, hinting that the European continent would begin to “take destiny into its own hands.” [...]

On May 15, President Vladimir Putin attended the inauguration of a strategic 19-kilometer bridge along the Kerch Strait, linking Crimea to the Russian mainland. This key infrastructure project is a major step forward in bolstering the Crimean Peninsula’s economy, and encouraging trade and access to other parts of the Russian Federation. [...]

About 40 leaders of the world's largest investment funds with total assets of over $13.5 trillion will participate in SPIEF 2018. They will discuss with President Putin the “unjustified” assumptions about isolating Russia. According to the head of the Russian Direct Investment Fund, Kirill Dmitriev, about 40 leaders of the world's largest investment funds from 20 countries with total assets of [...]

Bilateral trade between Russia and China has grown steadily and the positive trend will continue, according to Xu Sitao, chief economist with Deloitte, consulting in China. He warned US economy is facing risk of recession by 2020.  Xu said China has become the largest export market for Russia since 2017, accounting for roughly 12-13 percent of Russian exports. [...]

Settlements in US currency could be dropped by Russia in favor of the euro if the EU takes a stand against the latest US sanctions on Moscow, Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum. “As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility of switching from the US dollar to the euro in settlements [...]

US President Donald Trump has reportedly asked German Chancellor Angela Merkel to withdraw its support for the Nord Stream 2 project and allegedly promised to negotiate a new US-EU trade deal. CEO of the Austrian energy giant OMV Rainer Seele doesn't see a problem with dependence on the Russian gas, as, according to him, such dependence is mutual, DPA reported. At the same time, he slammed US effo [...]