Contracts signed by Russian companies with Saddam Hussein's regime are to be frozen, according to a senior US diplomat. The diplomat was speaking yesterday at a press conference in St. Petersburg. He said that this means they will neither be implemented nor cancelled.
The diplomat referred to President Bush's statement that the US does not intend to force Russian companies out of Iraq or harm their interests. 'A large number of Russian contracts under the Oil for Food programme will be implemented,' he said. The diplomat also said that Russia would be able to take part in tenders for commercial contracts to rebuild Iraq. He stressed that many questions will not be answered until a new Iraqi government has been formed, as the new government will be responsible for decision making, including with regard to the oil sector.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America