Putin's Visit to China: Strengthening Bilateral Ties Amid Global Chaos
During a meeting in Beijing, Presidents Xi Jinping and Vladimir Putin hailed the relationship between China and Russia as a stabilizing influence amidst global turmoil
Russian Finance Minister Anton Siluanov has announced Moscow and Beijing are to jointly establish a rating agency.
Siluanov explained the new body will first be used for assessing bilateral Russian-Chinese projects, but could later provide services to third countries.
"Many countries would like a higher impartiality in the assessments of rating agencies. In this respect, we have agreed on further cooperation. A Russian-Chinese rating agency will be created which will use the same tools [and] criteria to evaluate investment projects of countries and regions that are used by existing rating agencies," the Minister was quoted by RIA Novosti as saying.
A "number of Asian countries" could be attracted to the project which could ultimately offer them its services, he added.
In his words, the agency will be of "exclusively economic" essence and will be politically independent.
Russia has often criticized international rating agencies such as Fitch, Moody's and Standard&Poor's, which Moscow believes serve US interests around the world.
President Vladimir Putin has personally shed light on the Kremlin's ambitions to establish their "Russian" version.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
According to AFP, the Ukrainian army has declared a halt to the Russian offensive in certain areas of the northeastern Kharkiv region
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
Bulgaria ranks among the top three countries in Europe in terms of financial support for sheep farming, yet the sector struggles due to outdated farming practices
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU