US Trade Representative Robert Lighthizer formally notified South Korea on Wednesday that the United States wants to begin renegotiating its trade deal with Seoul, according to his office.
The trade turnover between Serbia and Russia in the first five months of 2017 increased 16 percent compared to the same period in the previous year, the Serbian Trade Ministry said Wednesday, citing Deputy Prime Minister Rasim Ljajic.
In 2014, Russia was the European Union's third-biggest trading partner, and the EU Russia's biggest. Exports to Russia included machinery, chemicals, medicines, electrical goods and agricultural products. The total value of those exports stood at US$118.3 billion. Conversely, oil and gas accounted for 74.9 percent of all Russian export to the bloc.
Some Japanese companies working in Russia have felt the impact of anti-Moscow sanctions, Japan External Trade Organization (Jetro) Moscow office chief Kunihiro Nomura told Sputnik on Wednesday at the Innoprom-2017 exhibition in Yekaterinburg, expressing hope for broader cooperation.
The US Federal Reserve looks to start reinvesting in some $4.5 trillion worth of bonds later in 2017, Chair Janet Yellen said in prepared remarks for Congress on Wednesday.
Tehran would like Turkish companies to be more actively involved in Iran’s upstream and downstream projects, Deputy Petroleum Minister in International Affairs and Trading Amir Hossein Zamaninia said Wednesday.
Japan's Kawasaki Heavy Industries is interested in supplying waste incineration equipment to Russia and hopes also to increase its supply of gas turbines, Representative Director of Kawasaki Heavy Industries, Ltd. Shigeru Murayama told Sputnik on Wednesday.
The UK government and five major British banks have reached a deal to provide export-oriented manufacturers with additional volumes of SME financing, allowing the UK to boost export volumes, create new jobs and spur overall economic growth.
Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market.
Iran has managed to reduce the reliance of the national budget on oil and gas revenues from 43 percent in 2013 to 29 percent at the moment, as a consequence of international sanctions imposed on the country, Iranian Deputy Minister of Petroleum for Trade and International Affairs Amir Hossein Zamaninia said Wednesday.
US crude inventories declined three times more than expected last week, whilst oil output is faltering and demand is on the rise, and Saudi oil exports are expected to drop next month, meaning crude prices might be in for a limited resurgence.
The United States, Asia and Europe were three production centers in the global value chain for bulk trade of parts, a report said on Monday.
The US State Department approved the possible sale of thousands of rounds of artillery practice munitions to Australia for $101.4 million, the Defense Security Cooperation Agency (DSCA) said in a press release.
US President Donald Trump promised to tame the F-35 Joint Strike Fighter’s “out of control” expenses, but the latest projections delivered to US lawmakers show acquisition costs will go up by $406.5 billion, Bloomberg reported Monday.
New power plants in Crimea will be equipped with turbines manufactured in Russia and not with ones imported from the West, Russian Industry and Trade Minister Denis Manturov said on Tuesday.
Turkey and Russia have reached an agreement on financing the Turkish Stream pipeline. This shows Turkey's full support for the investment project, energy expert Vladimir Feigin told Radio Sputnik.
France's oil and gas company Total does not expect the crisis in Qatar to affect bilateral cooperation with Doha on the oil field development, Total’s President of Exploration and Production Arnaud Breuillac told Sputnik.
British Petroleum (BP) and Russia's Rosneft expect to sign a final agreement on deliveries of Russian gas to Europe this year, with annual supply volumes reaching up to 20 billion cubic meters, BP Group Chief Executive Robert Dudley told Sputnik on Tuesday.
German company Siemens filed lawsuits in Moscow against companies implicated in the alleged supply of its turbines to Russia's Crimea, Siemens spokesman Wolfram Trost told Sputnik on Tuesday.
The fact that international oil companies have signed deals with Iran indicates that sanctions against Tehran are very unlikely, Iranian Deputy Petroleum Minister for Trade and International Affairs Amir Hossein Zamaninia said Tuesday.
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