Russia

BRICS Competition Law Centre and China Partner to Develop BRICS Commodities Exchange

BRICS Competition Law Centre and China Partner to Develop BRICS Commodities Exchange

The BRICS Competition Law and Policy Centre and China’s Center for Competition Policy and Expertise of the State Administration for Market Regulation (SAMR) have announced a strategic collaboration to develop a BRICS commodities exchange system. The agreement was formalized on the sidelines of the 2024 National Fair Competition Conference of China. Alexei Ivanov, Director of the BRICS Competition Law and Policy Centre, highlighted the significance of the collaboration. “It is symbolic that two years after the agreement between Russia and China on antitrust enforcement and competition policy, we are now finalizing a memorandum of expert cooperation during Russia’s BRICS presidency,”…
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Russian Army Destroys Patriot Missile Launchers and Giraffe Radar in Ukraine

Russian Army Destroys Patriot Missile Launchers and Giraffe Radar in Ukraine

The Russian Defense Ministry has reported the destruction of two launchers of the Patriot anti-aircraft missile systems and a Giraffe radar in the Odessa region, Ukraine. The attack took place near the village of Yuzhnoye and was carried out by the crew of the Iskander operational-tactical complex. According to the ministry's statement, "The crew of the Iskander operational-tactical complex attacked the position of a battery of the Patriot anti-aircraft missile system of the Ukrainian armed forces near the village of Yuzhnoye in the Odessa region. As a result of the strike, two Patriot air defense missile launchers and a Giraffe…
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Putin calls for ‘complete end’ to Ukraine conflict

Putin calls for ‘complete end’ to Ukraine conflict

Russia wants to fully resolve the Ukraine conflict, rather than just agreeing a ceasefire or freezing the hostilities, President Vladimir Putin has said. The statement came after Putin met with Hungarian Prime Minister Viktor Orban in Moscow on Friday. Orban traveled to the Russian capital to discuss ways of finding a peaceful and diplomatic resolution to the conflict. Speaking at a joint press conference following their meeting, Putin stated there should not be a “ceasefire or some kind of pause that the Kiev regime could use to recover losses, regroup, and rearm. Russia is in favor of a complete and…
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BRICS Committee Advances Antimonopoly Policy Framework in Geneva

BRICS Committee Advances Antimonopoly Policy Framework in Geneva

The BRICS Coordination Committee on Antimonopoly Policy convened under the Russian Chairmanship in Geneva, Switzerland, uniting top officials from Brazil, India, China, Russia, South Africa, and new members Iran, Ethiopia, Egypt, and UAE. The gathering highlighted a collective commitment to bolstering competitive markets for the benefit of businesses and consumers alike. A pivotal proposal put forth by Russia advocated for launching the BRICS Global Action Platform on Fair Market Competition, aimed at deepening cooperative ties among member nations. This initiative, developed by the BRICS Competition Law and Policy Centre, garnered strong endorsement from attending antitrust agencies, signaling a pivotal step…
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Kanye West arrives in Moscow

Kanye West arrives in Moscow

American rapper Kanye West, known as Ye, has been spotted in Moscow, local media has reported. A video appeared on social media on Sunday showing a person in a white jumpsuit resembling the Grammy Award-winner making his way into a hotel in the center of the Russian capital. Another clip apparently showed him and his entourage inside a pedestrian underpass near Red Square. Shortly afterwards, Kanye appeared to confirm his trip to Russia, posting a short message on the Russian social network VK saying: “Hello, Moscow.” Earlier reports said the rapper had arrived in the Russian capital to stage a…
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Disrespect for immunity of countries could be step toward war — Medvedev

Disrespect for immunity of countries could be step toward war — Medvedev

Failure to recognize that countries and their officials have immunity can sometimes be a step toward war, Russian Security Council Deputy Chairman Dmitry Medvedev said. "As for immunity, this topic has already come up here, and I have already talked about it. In short, failure to recognize the immunity of a country, including immunity of property, immunity of officials, is a most decisive step toward the beginning of war, and in some situations even a world war," he said. He was commenting on arrest warrants issued by the International Criminal Court against former Russian Defense Minister Sergey Shoigu and Chief…
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Ukrainian attack on Sevastopol kills 2, injures 22

Ukrainian attack on Sevastopol kills 2, injures 22

A Ukrainian attack on Sevastopol killed two people, and injured 22 on Sunday, Governor Mikhail Razvozhayev said. One of the fatalities is a two-yar-old child, the official said on Telegram. The governor described the situation at the city’s Uchkuyevka area as grave. "All available emergency medical crews have been sent there. Some people have already been taken to a hospital, and they are being provided with all the necessary assistance. All forces have been mobilized. The number of people seeking medical assistance has risen to 22," he wrote. Razvozhayev earlier said, citing preliminary data, that Russian air defenses destroyed five…
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