GREECE & RUSSIA VS EU
Tsipras is in Russia to discuss a series of proposed economic projects, and Vladimir Putin took the opportunity to give him the historic icon, which was stolen by the Nazis during their occupation of Greece. The gift is a sign of growing friendship between the two nations that is worrying international creditors, according to the Associated Press.
Greece's financial creditors are increasingly concerned by Tsipras visit to Russia, and speculation is rife that Greece may seek aid from Moscow to use as a bargaining chip in negotiations with Western creditors.
The icon depicts St. Nicholas and St. Spyridon, and Putin presented it to Tsipras following a round of talks at the Kremlin on Wednesday. Putin's spokesman Dmitry Peskov said that the icon was stolen by a Nazi officer during World War Two, and was bought from the officer's descendants by an unidentified Russian man.
Relations between Greece and Russia appear to be strengthening after Tsipras confirmed his opposition to Western sanctions on Russia. He claimed that the Greek government helped block European proposals to increase the scope of the sanctions.
Joint economic initiatives
"Greece could become a bridge between the EU and Russia," Tsipras said. Later, both he and Putin rejected claims that their blossoming friendship was an attempt to weaken the European Union's united effort to oppose Russian activities in Ukraine.
Last year Russia blocked imports of Western food in retaliation for EU sanctions, but now Tsipras says that he and Putin have negotiated the resumption of Greek agricultural exports. Putin claims that a series of joint ventures could enable Greece to export food to Russia.
Increasing Russian involvement in Greece is sure to spook creditors, who may see their hand weakened by potential aid from Moscow. Tsipras confirmed that the two nations will analyze the possibility of extending a Russian gas pipeline to Greece, as well as working to enable greater participation of Russian companies in the privatization of Greek industry.
It is not difficult to foresee Putin using Greece as a way of striking back against the EU and causing divisions within the organization.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.