China and Iran to build oil export terminal in Persian Gulf
China and Iran agreed to jointly build an oil terminal in the Persian Gulf. The planned oil terminal will be built on Qeshm Island in the southern part of the Persian Gulf. It is expected to turn it into an important hub for oil production and storage. The $550-million contract was signed by Iran’s Machine […]
Chinese, Uzbek leaders hail inauguration of Central Asia’s longest railway tunnel
(Xinhua) — Visiting Chinese President Xi Jinping and his Uzbek counterpart, Islam Karimov, on Wednesday hailed the inauguration of the Qamchiq Tunnel in Uzbekistan, saying it is a major achievement of the Belt and Road Initiative. The two leaders watched via video link the opening of the 19.2-km railway tunnel, which is part of the […]
Moscow Ranking for Expat Living Costs Falls 65 Places
Moscow has dropped 17 spots in this year’s rankings of most expensive cities in the world for foreigners, a report by the Mercer Human Resource consulting group said on June 22. The change in rank has been driven largely by the ruble’s dramatic fall in value against the U.S. dollar. Since 2013, when Moscow was […]
China, Uzbekistan to boost strategic partnership
Xinhua – China and Uzbekistan upgraded their ties to a comprehensive strategic partnership on June 22 after talks between visiting Chinese President Xi Jinping and his Uzbek counterpart, Islam Karimov, The two countries also outlined the cooperation plan for their new partnership in such areas as political mutual trust and support, the China-proposed Silk Road […]
Turkey may hold referendum to decide on fate of EU membership
Turkish President Recep Tayyip Erdoğan on Wednesday slammed the European Union for failing to fulfill its end of the bargain regarding the EU-Turkey readmission deal, saying that Turkey may also hold a referendum to determine if they should continue with negotiations or not, while he harshly criticized the bloc for being untrustworthy, Daily Sabah reported. […]
China Imports Record Volume of Russian Oil
China increased its imports of Russian oil to a record of 5.2 million tons in May — roughly 1.24 million barrels every day, the Reuters news agency reported Tuesday. In annual terms, China’s oil imports from Russia in May rose by 33.7 percent, Reuters reported, citing data from the Chinese General Administration of Customs. China […]
Xi urges prioritization of China-CEE ties in China-EU partnerships
By Zhao Cheng from People’s Daily Chinese President Xi Jinping reiterated the significance of cooperation between Central and Eastern European (CEE) countries and China, also known as “16+1 cooperation,” in China-EU partnerships during his meeting with Serbian Prime Minister Aleksandar Vucic last Saturday, the second day of his three-nation trip. “China and CEE countries should […]
EU to extend anti-Russia sanctions
European Union agreed to extend economic sanctions against Russia until late January 2017. According to Sputnik, the summit of EU leaders is scheduled for June 28-29. Extending the EU economic sanctions against Russia, which are due to expire in July, is likely to be on the summit’s agenda. Relations between Russia and the West deteriorated […]
Kazakhstan’s trade with CAREC countries reaches $22 billion
The volume of trade turnover between Kazakhstan and the countries of the Central Asia Regional Economic Cooperation (CAREC) increased from 17.5 to 22 billion dollars from 2010 to 2015, Vice-Minister of National Economy of Kazakhstan Timur Zhaksylykov has said today during I Forum of the analytical centers of Central Asia. “The volume of trade turnover […]
SCO expected to embrace new members in upcoming Tashkent summit
By Zhao Cheng from People’s Daily The heads of state from the Shanghai Cooperation Organization (SCO) countries are expected to take India and Pakistan to the next stage in a process of attaining full membership at the Tashkent summit to be held in late June. If so, the SCO will move a step closer in […]
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