Category: Russia

  • MIL-OSI Russia: In April 2025, China’s Foreign Trade Grew by 5.6 Percent /detailed version-1/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 9 (Xinhua) — China’s total import and export of goods grew 5.6 percent year on year in April 2025, official data showed Friday.

    China’s exports rose 9.3 percent year-on-year to 2.27 trillion yuan (about $314 billion) last month, while imports rose 0.8 percent to 1.57 trillion yuan, according to data from the General Administration of Customs.

    In the first four months of this year, China’s total foreign trade in goods in yuan terms increased by 2.4 percent year-on-year to 14.14 trillion yuan.

    According to the GTU, China’s exports rose 7.5 percent year-on-year to 8.39 trillion yuan during the reporting period, while imports fell 4.2 percent to 5.75 trillion yuan. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: 80 years of the Great Victory!

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    Russia is painted in black, gold and red colors – for several days now, people all over the country and beyond its borders have been celebrating Victory Day in the Great Patriotic War. The State University of Management, known for its patriotic traditions, did not stay away either. On May 6, our students and staff laid flowers at the Tomb of the Unknown Soldier. On May 7, we held a ceremonial event on campus. And today is the main day – the 80th anniversary of the Great Victory!

    Over these 80 years, hundreds of thousands of words have been said about the meaning of the holiday, but they are still never enough. There will never be enough words to express the pain of millions of victims and the weight of their loss. Today we celebrate the anniversary of the day when the pain, if not ended, then stopped growing. This is a unique holiday of bitter tears flowing into tears of happiness. And the second thing is more important, because life always wins.

    Rector of the State University of Management Vladimir Stroyev: “I congratulate all the staff and students of the State University of Management on the 80th anniversary of the Great Victory! This holiday always inspires us, gives us a sense of pride in our country and our people, inspires us to great achievements, does not allow us to give up and retreat in the face of difficulties. Each of our small successes in work or study, each step of the podium in sports competitions, each step forward of the soldiers of the Russian army in a special military operation is an echo of that Great Victory, without which there would be no modern life.

    Every year the significance of this date only grows, because living witnesses of those events pass away and with each May parade we all bear an ever-increasing responsibility to our ancestors, the duty to preserve the memory of their feat, the obligation to pass on the historical truth to descendants. GUU never forgets this important mission of the university, regularly holds internal and off-site patriotic events, helps in search operations on the battlefields, and regularly participates in the information campaign of the Ministry of Science and Higher Education “Scientific Regiment”. Just yesterday, on May 8, together with our students – members of the GUU expeditionary corps, as well as colleagues from RTU MIREA and the “Arctic Team”, we opened a memorial in the village of Selizharovo in the Tver Region. In this way, we carry the historical memory and the banner of the Great Victory from the glorious past to the triumphant future of Russia. And no one can stop this movement of the national spirit and self-awareness.

    Happy holiday, Happy Victory Day!

    Subscribe to the TG channel “Our GUU” Date of publication: 05/09/2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Special Report: Sounding Memory – Two Great Compositions of China and Russia in the Year of the 80th Anniversary of the Great Victory

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 9 /Xinhua/ — There are musical works that very accurately reflect their time and the collective unconscious of millions of people. They arise at turning points in history and shape the historical memory of peoples.

    During the celebration of the 80th anniversary of the great Victory in Russia, the song “The Holy War” by Alexander Alexandrov is heard, and in China, the cantata “The Yellow River” by Xian Xinghai is heard. Despite the fact that these works were born in different years and in different countries, they have become cultural symbols for the peoples who fought together on the fronts of World War II.

    MONUMENTS OF THE NATIONAL SPIRIT BORN IN THE FIRE OF WAR

    During the World Anti-Fascist War, China was the main theater of military operations in Asia, and the USSR was in Europe. The Chinese people were the first to rise up in the fight against the Japanese militarists, waged the longest war and, like the Soviet Union, suffered colossal losses.

    The legendary Yellow River Cantata was created in 1939, when the Chinese people had already been fighting Japanese aggression for almost eight years. The 34-year-old composer Xian Xinghai wrote it in six days and nights in the communist-liberated area of Yan’an (Shaanxi Province, Northwest China). He was inspired by a patriotic poem by Guan Weiran, which formed the basis of the lyrics.

    “They both shared the same aspiration of expressing the nation’s voice during the War of Resistance Against Japanese Aggression through music,” said Liu Ni, director of the Yan’an Revolutionary Memorial Museum.

    The piece was first performed in April 1939 and soon spread throughout China, becoming a symbol of national resistance to Japanese aggressors. “The cantata, in which the Yellow River symbolizes the nation, sounded like a powerful battle cry for the people of China,” said Liu Meng, a professor at the Yan’an Cadre School.

    “A work like the Yellow River Cantata means that the Chinese nation and the Chinese people cannot be defeated by external enemies,” said Zuo Zhenguan, a renowned composer and musicologist who has researched the life and work of Xian Xinghai.

    “Arise, great country, rise to mortal combat with the dark fascist force, with the damned horde!” — these words from the Soviet song “Sacred War” performed by the Academic Song and Dance Ensemble of the Russian Army named after A. V. Alexandrov send shivers down your spine. This song, like an eternal memory of the feat of the Soviet people in the Great Patriotic War, has lived for more than 80 years and is performed by the ensemble at concerts both in Russia and abroad.

    According to the head of the ensemble – artistic director Gennady Sachenyuk, in the first days after Germany’s attack on the USSR, composer Alexander Alexandrov saw in one of the newspapers the poems of the poet Vasily Lebedev-Kumach that struck him. According to the recollections of eyewitnesses of those events, he immediately went to write music, and the next day the musicians were already rehearsing the song in the ensemble’s building. “This song was probably needed like air, precisely in those days,” said G. Sachenyuk.

    On June 26, 1941, the song “Svyatnaya Voina” was first performed at the Belorussky Station in Moscow, from where trains with Red Army soldiers were leaving for the front. It was a one-song concert and its premiere. “You always imagine the faces of the people who went through all this, how it all united them, especially when people stand up in the audience. And they stand up during this song at every concert,” says Dmitry Trunov, an artist of the choir of the A. V. Alexandrov Ensemble.

    According to the rector of the Gnessin Russian Academy of Music, Alexander Ryzhinsky, these two great musical works provided spiritual support for the fight against Japanese militarism and German fascism, and also became monuments to the national spirit of China and Russia.

    “VICTORY OVERTURES”

    In May 1940, Xian Xinghai, on the instructions of the Central Committee of the Communist Party of China, went from Yan’an to the Soviet Union to complete work on a documentary film about the Chinese People’s War of Resistance against Japanese Aggression. In the Soviet Union, he made corrections to “Yellow River” and completed its editing.

    “This cantata is a spiritual monument to the Chinese nation. The Yellow River has the same effect on Chinese citizens as the Holy War has on Russians, being a symbol of struggle, a symbol of victory, an impulse to further aspiration to live and remain strong,” Nikolai Kirillov, chief conductor of the A. V. Alexandrov Ensemble, told Xinhua. “Each of them, at one time, produced such an effect for their country, for their people, provided such assistance, such support, which was needed at that moment.”

    “Both the Yellow River and the Sacred War cantatas combined the national musical language with the fight against the enemy, becoming a powerful spiritual weapon in the anti-fascist war,” said Ren Xuewen, deputy director of the Department of Party History and Party Construction at the Yan’an Cadre School. He noted that during World War II, the Soviet Union performed the Yellow River, and the Soviet song Sacred War was distributed in China on the radio.

    “The Yellow River” and “The Holy War” are “victory overtures” created by life itself, which testify to a great friendship forged in blood.

    On April 18, 2025, the Chinese Embassy in Russia held a photo exhibition, “Sincere Friends Tempered in Trials,” dedicated to the 80th anniversary of the Victory in the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War. “The joint celebration of the 80th anniversary of the Victory in the Anti-Fascist War will help bring peace to all of humanity,” military retiree Vyacheslav Pechugin, a visitor to the event, said in an interview with Xinhua.

    During the war, many events took place that united the two nations. More than 2,000 Soviet pilots defended the skies of China, delivering powerful blows to the Japanese aggressors. Chinese pilot Tang Do participated in the Great Patriotic War as a deputy squadron commander of a fighter aviation regiment. Chinese journalist Hu Jibang wrote about the decisive struggle of the Soviet people.

    “The cooperation between China and the USSR during the anti-fascist war was not only interstate strategic mutual assistance, but also a demonstration of friendship established by peoples at the expense of their lives and sacrifices,” Ren Xuewen emphasized.

    THE MAJESTIC POWER OF HISTORICAL SIGNIFICANCE

    Every time there are important holidays, the Yellow River Cantata is performed in Yan’an, the birthplace of the great work. It is also a compulsory performance at local music colleges. “It is a masterpiece that most reflects the national spirit of China,” said Guo Qiang, deputy director of the Xi’an Conservatory of Music.

    For 86 years since the Yellow River appeared, it has been performed many times in concert halls in Russia. This has become a good tradition and part of the growing humanitarian exchanges between the two countries. At the same time, Holy War has been constantly performed by Chinese musicians, appeared in TV programs and films, and has become known to many Chinese.

    “These two pieces of art born in the fire of war have become a cultural heritage that knows no national boundaries,” said Zhou Zhou, a Chinese graduate student at Russia’s V.S. Popov Academy of Choral Art who has conducted Chinese and Russian student choirs performing “Holy War” and “Yellow River” on numerous occasions.

    During the war, the two countries shared hardships, and today they are developing together. Relations between China and Russia, good neighbors and true friends, are constantly moving forward. In particular, cooperation in the humanitarian sphere is dynamic.

    A rich and varied program has been developed within the framework of the China-Russia Cross Years of Culture /2024-2025/. For example, about 1.5 million people attended hundreds of events within the framework of the “Chinese New Year in Moscow” festival, which took place from January 28 to February 9.

    “Russian-Chinese cooperation in the humanitarian sphere is the most important component of the multifaceted complex of bilateral relations of comprehensive partnership and strategic interaction. We are always pleased to note its progressive development in all areas,” said the official representative of the Russian Foreign Ministry, Maria Zakharova.

    “Today, when the concept of building a community with a shared future for mankind is gaining popularity, the time and space of the symphony of sounds of the Yellow River and Holy War cantatas tell us that only by continually strengthening the ties between people and preserving the hard-won peace can we pay tribute to our ancestors,” Liu Meng said. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Former Gansu Provincial Vice-Chairwoman Arrested for Bribery

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 9 (Xinhua) — Zhao Jinyun, a former vice governor of northwest China’s Gansu Province, has been arrested on suspicion of bribery, the Supreme People’s Procuratorate (SPP) said Friday.

    The results of the investigation conducted against her by the State Supervisory Committee were transferred to the prosecutor’s office to initiate criminal proceedings with the final presentation of charges against her in court, the VNP added.

    An investigation into her was initiated in October 2024. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Breaking: Xi Jinping, Swedish King Exchange Congratulations on 75th Anniversary of Diplomatic Relations

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Xinhua | 09. 05. 2025

    Keywords: Xi Jinping,President of China,King of Sweden,Anniversary of the Establishment,Occasion,Relations,Urgent,Congratulations,Friday,Exchanged,Two Countries,Jinping,Messages,Gustav

    BEIJING, May 9 (Xinhua) — Chinese President Xi Jinping and Swedish King Carl XVI Gustaf on Friday exchanged congratulatory messages on the 75th anniversary of the establishment of diplomatic ties between the two countries. -0-

    Source: Xinhua

    Breaking: Xi Jinping, King of Sweden exchange congratulations on 75th anniversary of diplomatic ties Breaking: Xi Jinping, King of Sweden exchange congratulations on 75th anniversary of diplomatic ties

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  • MIL-OSI Russia: Transport – Moscow Metro Celebrates 90 Years with Major Expansion Since 2010

    Source: Moscow Metro

    On May 15, Moscow Metro will mark its 90th anniversary, highlighting its remarkable growth and development over nearly a century. The city’s first metro line, launched in 1935, spanned 11.2 kilometers and included 13 stations, serving 177,000 daily passengers. Today, Moscow Metro has grown to include over 550 kilometers of lines and 302 stations, including the Moscow Central Circle (MCC), with daily ridership exceeding 8.2 million trips.

    New lines at Moscow Metro.

    Under the leadership of Moscow Mayor Sergey Sobyanin, the metro has undergone unprecedented development over the past 15 years:

    – More than half of the existing lines have been extended.

    Five entirely new lines have been added:

    • – Moscow Central Circle (MCC)
    • – Line 8A
    • – Line 15
    • – Big Circle Line
    • – Line 16

    Since 2010, the number of stations has increased by more than 1.6 times, from 182 to 302 metro and MCC stations. Thanks to this, the percentage of Muscovites living within walking distance of metro stations has risen from around 70% in 2010 to over 90% in 2025. We are always happy to welcome new passengers. All new stations and lines are designed with surplus capacity to meet demand for decades to come, — said Maksim Liksutov, Deputy Mayor for Transport.

    As Moscow Metro celebrates its 90th anniversary, it stands as a global leader in urban transportation, continually improving access, convenience, and infrastructure for millions of residents and visitors.

    MIL OSI Russia News

  • MIL-OSI Russia: The volume of tea exports from China to Russia in 2024 increased by 13.72 percent.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    GUIYANG, May 9 (Xinhua) — China exported 16,800 tons of tea to Russia in 2024, up 13.72 percent year on year, according to the 6th Tea Industry Conference held in Jiangkou County, southwest China’s Guizhou Province, from May 8 to 9.

    In monetary terms, the volume of tea exports from China to Russia last year amounted to approximately USD 58.68 million, which is 8.28 percent more year-on-year.

    According to the analytical report on the situation with tea import and export in China for 2024, published at the conference, green tea is the main type of tea exported from China to Russia, with a supply volume of 11.2 thousand tons or 79.88 percent of the total volume of tea exports to the Russian Federation.

    In addition, approximately 2.78 thousand tons of oolong tea and 2.11 thousand tons of black tea were exported from China to Russia, accounting for 19.85 percent and 15.09 percent of the total export volume, respectively.

    According to Wei Yu, Secretary General of the Tea Industry Committee, in 2024, Russia ranked fourth among China’s top five trading partners in tea exports after Morocco, Ghana and Uzbekistan.

    The document also said that in 2024, China’s total tea import and export volume reached 428.1 thousand tons, an increase of 5.3 percent year-on-year. At the same time, tea import was 54 thousand tons, an increase of 38.34 percent year-on-year, and export was 374.1 thousand tons, an increase of 1.79 percent. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Total revenue of listed companies in China to exceed 71 trillion yuan in 2024

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 9 (Xinhua) — The combined operating income and net profit of 5,412 companies listed on the Shanghai, Shenzhen and Beijing stock exchanges last year were 71.98 trillion yuan (about 9.99 trillion U.S. dollars) and 5.22 trillion yuan, respectively, data from the China Association of Listed Companies showed Thursday.

    Of these companies, 4,036 were found to be profitable in 2024, accounting for about three-quarters of the country’s total listed companies. Among profitable companies, 2,194 saw profit growth, and 553 in this category saw profits grow by more than 100 percent last year.

    In 2024, the total R&D investment of listed companies continued to grow, reaching 1.88 trillion yuan, up nearly 60 billion yuan from the previous year.

    In the first quarter of 2025, net profits of companies listed on Chinese stock exchanges totaled 1.49 trillion yuan, up 3.55 percent year-on-year. A total of 4,084 companies were profitable during the same period, further strengthening the positive recovery trend of the Chinese economy.

    As of the end of April 2025, the total number of listed companies in China reached 5,420. Some of them have postponed the publication of their financial reports for 2024. -0-

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  • MIL-OSI Russia: Happy Great Victory Day!

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University – Dear students, teachers and staff of the university! We sincerely congratulate you on Victory Day!

    This holiday reminds us of the great feat of our compatriots who fought for the freedom and independence of the Motherland.

    Many outstanding scientists who stood at the origins of Siberian science, directly participated in military actions and made their tangible contribution to the victory of the people of the Soviet Union over fascist Germany thanks to their scientific works. Many university teachers were at the front, survived all the hardships of the war, later returned to study, teaching, science and dedicated their lives to raising new generations of scientists, engineers, researchers.

    We are proud that our university is implementing many projects dedicated to this important date. They help preserve the memory of those who gave their lives for our freedom and pass this memory on to future generations.

    We wish you good health, prosperity and a peaceful sky above your head! Let this holiday be a reason for pride and unity for all of us.

    Happy holiday, dear friends!

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: China boosts employment and social security for people with disabilities

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 9 (Xinhua) — More than 9.14 million people with disabilities will be employed across China in 2024, up 512,000 from a year earlier, according to an official report released Thursday.

    The volume of contracts concluded for basic medical insurance services and family doctor contracts among disabled people in China was higher than the national average, according to a document released by the All-China Federation of Disabled People (ACDF).

    The report shows that over the past year, more than 8.66 million people with disabilities received basic rehabilitation services, and nearly half a million children with disabilities benefited from rehabilitation assistance.

    By the end of 2024, there were 13,297 rehabilitation institutions for the disabled in China, with a total of 373,000 employees.

    In terms of social security, in 2024, more than 27.48 million people with disabilities in China were covered by the basic old-age insurance program, and more than 12.46 million were receiving pensions.

    By the end of last year, a total of 4,614 facilities for serving people with disabilities had been built, including 2,250 comprehensive service facilities and 1,246 rehabilitation facilities. -0-

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  • MIL-OSI Russia: China Brings Chinese Wisdom and Solutions to Global Drug Governance

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Russians. Ori.org.KN | 09. 05. 2025

    Keywords: White paper

    Source: russian.china.org.cn

    China brings Chinese wisdom and judgment to global drug governance China fulfills its own responsibilities in drug control, at the same time firmly supports the existing international drug control system, takes an all-round part in making important decisions on international drug control, and brings Chinese wisdom and judgment to global drug governance.

    MIL OSI Russia News

  • MIL-OSI Russia: Three key words to evaluate Chinese President Xi Jinping’s trip to Russia

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    From May 7 to 10, at the invitation of Russian President Vladimir Putin, Chinese President Xi Jinping will pay a state visit to Russia and take part in celebrations in Moscow to mark the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War.

    At a special key historical moment, the energetic and skillful diplomacy of the great powers and three key words attract special public attention.

    Stability

    How great powers get along with each other has become a major theme in international relations. As instability in the international environment increases, the world looks to great powers to provide stability and positive energy.

    “History and reality have clearly shown us that China and Russia are good neighbors who cannot distance themselves from each other, and true friends who share sorrows and hardships, support each other and develop together,” President Xi Jinping emphasized in a telephone conversation with President Putin in February this year.

    Good neighbors and true friends, possessing powerful inner impulses based on deep historical logic.

    Regarding bilateral relations, it should be noted that the two countries “adhere to strengthening and developing bilateral relations based on the principles of non-alignment, non-confrontation and non-targeting of third parties” and “form a new type of relations between great powers based on mutual respect, peaceful coexistence and win-win cooperation.”

    From a global perspective, China and Russia are the largest neighboring countries. They are also two world powers that are permanent members of the UN Security Council. They bear a special responsibility for maintaining and developing peace throughout the world. And their friendly relations and the achievement of mutual goals contribute to the development of a multipolar world and the democratization of international relations.

    Reflecting on the past in light of the present, it can be noted that in the context of international turbulence, the key to the smooth development of Sino-Russian relations has become “finding the right way to coexist”, and “this not only meets the fundamental interests of the two countries and two peoples, but also contributes to peace, stability and prosperity of the region and the whole world.”

    Sense of history

    This year has special historical significance.

    May 9 marks the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War, and September 3 marks the 80th anniversary of the Chinese people’s victory in the War of Resistance Against Japanese Aggression. These two anniversaries and two major battlefields together lead to the 80th anniversary of the Victory in the World Anti-Fascist War.

    80 years ago, when Asia and Europe were the two main battlefields of World War II, China and Russia made enormous sacrifices and significant historical contributions to ensuring victory in the world anti-fascist war and saving peoples from destruction, as well as the future of all mankind.

    It was not easy to achieve victory and peace, nor was it easy to establish the post-war international order.

    “If we lose the memory of history, our minds will be lost in darkness,” Chinese President Xi Jinping once quoted the famous words of renowned Russian historian Klyuchevsky, thereby expressing his determination to preserve historical memory and uphold peace.

    In May 2015, Chinese President Xi Jinping was invited to Moscow to participate in celebrations of the 70th anniversary of Victory in the Great Patriotic War. In September of the same year, a conference was held in Beijing dedicated to the 70th anniversary of the Victory in the War of Resistance against Japanese Aggression and the Victory in the World Anti-Fascist War.

    And now, ten years have passed unnoticed. Today, when the world stands at the crossroads of history, China and Russia support each other in holding events dedicated to the 80th anniversary of the Victory in the World Anti-Fascist War, promoting an accurate view of the history of World War II, preserving the results of World War II and the post-war international order, and defending international justice.

    The concept of order

    Today’s world has been shaped by history.

    It was on the basis of the Great Victory won 80 years ago that China and Russia, together with other major members of the anti-fascist alliance, discussed the establishment of the UN and jointly drafted a number of important international documents such as the UN Charter, which laid the foundations of the modern international order and established the basic rules of international relations.

    Peace rather than war, cooperation rather than confrontation, win-win rather than zero-sum – all this has become a powerful historical trend.

    “In this world, the degree of interconnectedness and interdependence of various countries has never been so profound. Humanity lives in one global village, in one time and space, where history and reality intersect, increasingly becoming a community of a common destiny, close and inseparable,” so in March 2013, Chinese President Xi Jinping gave the world the first interpretation of the concept of a community of a common destiny at the Moscow State Institute of International Relations (MGIMO MFA of Russia).

    Great power diplomacy aimed at long-term planning and far-reaching results.

    When turbulence intensifies, we must stand firmly on the right side of history, “resolutely oppose the attacks and actions that deny, distort and falsify the history of World War II,” and “jointly defend the outcome of World War II and international justice.”

    When the “countercurrent” starts to bubble up, we must unwaveringly stand by the progress of human civilization. “Practice genuine multilateralism, promote an equitable and orderly multipolar world, comprehensive economic globalization, jointly implement the global development initiative, the global security initiative and the global civilization initiative, and work together to build a community with a shared future for mankind.”

    It is the sacred duty of China and Russia to guide global governance in the right direction.

    “China and Russia should take this as an opportunity to jointly safeguard the international system with the UN as its core and the legacy of World War II, and promote all countries to uphold the purposes and principles of the UN Charter, adhere to the universally recognized norms of international relations, and practice genuine multilateralism,” Chinese President Xi Jinping emphasized during video conference talks with President Vladimir Putin in January this year.

    MIL OSI Russia News

  • MIL-OSI Russia: US ‘film tariffs’ would deal ‘devastating blow’ to film and TV industries

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    The Hollywood Reporter reported on May 4 that US President Trump had announced the same day that he would impose a “100% tariff” on any films produced outside the United States that enter the country. He also authorized the Commerce Department and the US Trade Representative to implement the tariff policy.

    “The American film industry is rapidly dying!” Trump wrote on social media on May 4. It said that other countries were using various incentives to “entice American film producers and studios to leave the United States.” Trump also said that Hollywood had been “severely damaged” as a result, posing a “national security threat” to the United States. He authorized the Commerce Department and the U.S. Trade Representative to immediately begin procedures to impose 100% tariffs on all films imported into the United States and produced in foreign countries, expressing his hope to “have American-made films again.”

    In recent years, Hollywood has taken advantage of tax incentives to move film production to countries such as the UK, Australia, Ireland and Spain.

    According to the Guardian and Reuters, the Australian and New Zealand governments have already made their positions known on May 5, declaring that they will vigorously defend the interests of their film and television industries. William Reinsch, a senior fellow at the Center for Strategic and International Studies and a former senior official at the U.S. Department of Commerce, believes that imposing tariffs on foreign-made films “would cause far more problems than they are worth,” and that it is difficult to convince people that foreign-made films are a “national security threat.” One U.S. entertainment industry official believes that Trump’s move will not only affect film, but will also “deal a crushing blow to the television industry.”

    MIL OSI Russia News

  • MIL-OSI Russia: China braces for heavy rains

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 9 (Xinhua) — The latest heavy rains have hit coastal and southern parts of China since Wednesday, bringing widespread downpours and severe convective weather including thunderstorms, short-term heavy rainfall and storms.

    Local authorities took prompt measures to ensure the safety of urban life and public safety.

    Rain intensified in central China’s Hubei Province overnight from Wednesday to Thursday, prompting the province’s meteorological bureau to step up emergency response measures.

    Moderate to heavy rains have been reported in eastern parts of South China’s Guangxi Zhuang Autonomous Region over the past two days, with some areas seeing torrential rains exceeding 100 millimeters.

    To address the dual challenges of drought and floods, more than 7.9 million relief items have been collected in the GCAR and disaster-prone areas have been equipped with more than 4,900 satellite phones and navigation devices.

    The region also mobilized 22,000 emergency response personnel, as well as 16,000 local teams, totaling 320,000 people.

    Heavy rains have disrupted rail services in central China’s Hunan Province, forcing some trains to be suspended or rerouted to ensure passenger safety.

    Meanwhile, more than 2,500 monitoring devices and 300 drones have been deployed in East China’s Jiangxi Province to remotely monitor power infrastructure.

    The National Meteorological Center (NMC) extended a yellow rainfall warning at 6 p.m. on Thursday, predicting heavy to torrential rainfall in many provinces, as well as the risk of lightning, hail and strong winds. Authorities urged the public to be aware of weather warnings and exercise caution when traveling and engaging in outdoor activities. -0-

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  • MIL-OSI Russia: China, Russia Call on Nuclear Powers to Ditch Cold War Mentality

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    MOSCOW, May 9 (Xinhua) — China and Russia have called on nuclear powers to abandon the Cold War mentality and zero-sum games, according to a joint statement released here on Thursday.

    The parties stressed the importance of maintaining constructive relations between major countries in resolving global strategic issues.

    Members of the nuclear club bear special responsibility for international security and global strategic stability, they should refrain from steps that cause strategic risks and resolve problems through equal dialogue and consultations based on mutual respect to strengthen trust and avoid dangerous misjudgments, Beijing and Moscow noted.

    The statement said that not all nuclear powers adhere to the above-mentioned position. Growing tensions between nuclear states have escalated to the point of risk of direct military clashes, problems and challenges continue to arise in the strategic sphere, and the danger of nuclear conflicts is increasing, China and Russia emphasized.

    The fact that some nuclear-weapon States are building or expanding permanent military bases in sensitive areas around other nuclear-weapon States, flexing their military muscle to exert pressure, or committing hostile acts that threaten the core security interests of other countries has become one of the most serious strategic risks and must be addressed without delay, the statement said.

    The forward deployment of military facilities and modern offensive and defensive weapons is constantly increasing, which is a cause for serious concern, the parties emphasized.

    The recently announced US “Golden Dome” plan aims to create a global missile defense system that will not be subject to any restrictions to repel various missile threats, including those from “peer” adversaries, which also seriously damages strategic stability, the statement said.

    This plan completely denies the inextricable link between strategic offensive and strategic defensive weapons, the basic principle of maintaining global strategic stability. In addition, it also provides for further support for research and development of kinetic and non-kinetic means of destroying missiles and their support facilities, and ensuring “kill before launch”.

    The Golden Dome program openly proposes a significant increase in the number of space warfare capabilities, including the development and deployment of orbital interception systems, the weaponization of space and its transformation into a site for large-scale armed confrontation, which further worsens the situation, the statement noted.

    According to the document, Beijing and Moscow oppose attempts by individual countries to use space for armed confrontation and reject security measures aimed at achieving military superiority, defining outer space as a “combat area” and its use as such.

    China and Russia have condemned the use of commercial space systems to interfere in the internal affairs of sovereign states and armed conflicts in other countries.

    A nuclear state, with the support of its allies, seeks to undermine the reliability and effectiveness of strategic deterrence of other nuclear powers in an attempt to achieve overwhelming military superiority and ultimately “absolute strategic security.” This fundamentally violates the basic logic of maintaining strategic balance and contradicts the principle of equal and indivisible security, the statement said.

    Any military confrontation between nuclear-weapon states should be resolutely avoided, and political and diplomatic solutions to existing differences should be sought on the basis of mutual recognition and mutual respect for security interests and issues of concern, the document emphasizes.

    Beijing and Moscow noted that through the trilateral security partnership, the United States, Britain and Australia are attempting to establish military facilities used by two nuclear-armed states to protect their nuclear forces on the territory of a country that has signed the South Pacific Nuclear-Free Zone Treaty, undermining strategic stability and provoking an arms race in the region. –0–

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  • MIL-OSI Russia: Chinese take first place in visiting Brest Fortress in Belarus among tourists from far abroad — director

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Brest /Belarus/, May 9 /Xinhua/ — The Chinese are the first among tourists from far abroad to visit the Brest Fortress in Belarus. This was recently stated to journalists by the director of the memorial complex “Brest Hero Fortress” Alexander Korkotadze during a press tour of media representatives of the EAEU and CIS countries.

    “Among the countries of the far abroad, China ranks first in the number of tourists who visit the memorial complex “Brest Hero Fortress”. We see a trend towards an increase in tourist flow from China,” he said.

    A. Korkotadze also noted that in 2024, an exhibition about the defense of the Brest Fortress was opened at the Memorial Museum of the Chinese People’s War of Resistance against Japanese Aggressors in Beijing, and this year a return exhibition is planned at the Brest Fortress, dedicated to the 80th anniversary of the victory in World War II over militarist Japan.

    In addition, according to him, the fortress has been visited more in recent years. Families come here from all corners of the former Soviet Union. Over 125 thousand people visited the memorial in the first 4 months of 2025.

    “We have conducted more than 3,700 excursions, and tourists from more than 10 countries have already visited our memorial this year. And this is despite the sanctions, despite the fact that they are trying to cancel the role of the Soviet Union in the victory over fascism and hush it up. But people from European countries, from the USA, from Latin America, from Africa, from Asia come to us and receive the most truthful information here. Apparently, they come to us for the truth,” said A. Korkotadze. -0-

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  • MIL-OSI Russia: China’s private sector moves to new level of legal protection

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    On April 30, the Standing Committee of the National People’s Congress voted to pass China’s first basic law regulating the development of the private sector, the Law on Promoting the Development of the Private Sector. The law will go into effect on May 20, marking a shift from state support for private businesses to legal protection.

    The law covers the entire life cycle of private enterprises – from creation and development to termination of activities, and also takes into account the key interests of various stakeholders in matters of fair competition, investment and financing, protection of rights and interests, and scientific and technological innovation.

    An important task of the law is to boost the innovation capacity of private enterprises in the context of the new national strategy, said Feng Guo, vice president of the Economic Law Research Association of the China Law Society and a professor at the Wuhan University School of Law.

    Currently, private enterprises play a leading role in technological innovation in China, accounting for more than 70% of the country’s technological achievements, and accounting for more than 80% of specialized and innovative small and medium enterprises (“little giants”) and more than 90% of national high-tech enterprises. This year, private companies have made significant breakthroughs in areas such as generative artificial intelligence, intelligent robotics, civil aviation, and quantum technology.

    Tian Xuan, director of the National Institute of Financial Research at Tsinghua University, noted that the law contains a separate section on technological innovation. This is aimed at supporting private enterprises and stimulating investment in science and technology, which will contribute to the development of productive forces of new quality. It also demonstrates the state’s recognition of the important role of private entrepreneurs and the private sector in technological innovation.

    The private sector of the economy plays a huge role in advanced technologies. The law particularly emphasizes the need to encourage the participation of private enterprises in innovation and the development of major projects and key industries, as well as to give them the opportunity to lead these processes.

    The law provides support for the participation of private organizations in research and development of common digital and intelligent technologies, the creation of a data market, the legal and rational use of data, and the development and use of open public data.

    Tian Xuan also noted that an important part of the Law is dedicated to protecting the rights and interests of private enterprises. This will allow entrepreneurs to focus on running their business, long-term investment and technological innovation, without being distracted by other issues.

    MIL OSI Russia News

  • MIL-OSI Russia: China will continue efforts to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, May 9 (Xinhua) — China remains committed to advancing the accession process to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Ministry of Commerce said.

    Speaking at a regular press conference of the ministry on Thursday, spokesman He Yadong noted that since applying to join the CPTPP in September 2021, China has conducted an in-depth analysis of the provisions of this agreement, communicated with its participants at various levels and through various channels, and organized relevant experiments in those pilot free trade zones and free trade ports that have the necessary conditions.

    “All this demonstrates the determination, ability and concrete actions of the Chinese side in ensuring compliance with the high standards stipulated by the agreement,” He Yadong said.

    “No matter how the international situation changes,” he continued, “China will only open its doors wider to the outside world.” The country will steadily expand its institutional openness, take the initiative in working to ensure compliance with high-level international trade and economic rules, and actively advance the process of joining the CPTPP, the official representative of the Ministry of Commerce concluded. -0-

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  • MIL-OSI Russia: Ukrainian Parliament Approves Agreement with US on Mineral Resources

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Kyiv, May 9 /Xinhua/ — The Verkhovna Rada on Thursday ratified a minerals agreement with the United States, which provides for the creation of an investment fund for the restoration of Ukraine. The corresponding decision was supported by 338 deputies with the required minimum of 226 votes, the Ukrinform agency reported.

    The agreement will enter into force after an exchange of notes between Kiev and Washington stating that each side has completed internal procedures.

    First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko, whose words are quoted by Interfax-Ukraine, expressed hope that the investment fund will begin to function fully within a few weeks. However, for its launch, at least two agreements need to be finalized at the technical level, which will not require either government approval or parliamentary ratification.

    Ukraine and the United States signed an agreement on mineral resources on April 30. It provides for the creation of an investment fund for the restoration of Ukraine. Official Kyiv will contribute 50 percent of the state budget revenues from new licenses for the right to use mineral resources to the fund. Washington must also make contributions in cash or new military aid to Ukraine. –0–

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  • MIL-OSI Russia: China, Russia Express Readiness to Strengthen Cooperation to Protect Authority of International Law

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 8 (Xinhua) — China and Russia have pledged to strengthen cooperation to uphold the authority of international law, according to a joint statement released in Moscow on Thursday.

    The two countries pledged to firmly uphold the international system with the UN at its core and the international order based on international law, and resolutely defend the central role of the UN in international affairs.

    Both countries reaffirmed their full commitment to the UN Charter, the 1970 Declaration on Principles of International Law concerning Friendly Relations and Cooperation among States in accordance with the UN Charter, and the holistic and interdependent nature of the fundamental principles of international law clearly set out in that declaration.

    The principles of international law are the cornerstone of the multipolar world system, based on mutually beneficial cooperation, fair international relations, building a community of common destiny for mankind, creating a common space of equal and indivisible security and economic cooperation.

    The parties condemned any acts of interference in the internal affairs of another country with the aim of forcibly changing its legitimate government, reiterating the importance of peaceful settlement of disputes.

    China and Russia resolutely opposed unilateral sanctions that run counter to international law and long-arm jurisdiction. They strongly condemned unilateral sanctions that violate the principles of sovereign equality, state immunity and non-interference in the internal affairs of states and are not sanctioned by the UN Security Council. The two countries opposed the drawing of dividing lines based on ideology. They stressed that states have the right to carry out normal trade and economic cooperation.

    China and Russia also opposed the practice of double standards and the imposition of one state’s will on another, and rejected any attempt to harm the legitimate rights and interests of other countries, as well as to destroy their peace and stability in the name of the “rule of law” or “rules-based order.” —–

    It is the common belief of the two countries that national and multilateral criminal justice mechanisms should not be abused for narrow political purposes to undermine international relations and the rights that States enjoy under international law.

    China and Russia called for further efforts to strengthen arms control, promote disarmament, prevent the weaponization of outer space, and address global challenges such as climate change, plastic pollution and cybercrime. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: An art exhibition dedicated to the 80th anniversary of the victory in the Great Patriotic War has opened at the Belarusian Foreign Ministry

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    MINSK, May 9 (Xinhua) — An exhibition of art works dedicated to the 80th anniversary of the victory in the Great Patriotic War opened at the Ministry of Foreign Affairs of Belarus on Thursday. The exhibition features paintings from the collection of the Belarusian National Center for Contemporary Arts, reflecting various periods of the Great Patriotic War. The relevant information was released by the press service of the Belarusian Foreign Ministry.

    The opening ceremony was attended by heads and employees of the Foreign Ministry, veterans of the diplomatic service, more than 40 heads of diplomatic missions and representative offices of international organizations.

    Students of the Belarusian State Academy of Arts presented a musical program with theatrical elements. Participants and guests were able to try soldier’s porridge from the military field kitchen.

    In his speech, Belarusian Foreign Minister Maxim Ryzhenkov noted the special role of diplomats in maintaining peace and called attempts to destroy historical memory in a number of countries unacceptable.

    “Today, when it is time to remember what happened 80 years ago and to think, it is absolutely unacceptable how in some countries this memory is being erased, evidence of those events is being destroyed, they are trying to rewrite history and create a basis for a new life, in which, unfortunately, threats to peace on our planet may again appear,” M. Ryzhenkov emphasized. –0–

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  • MIL-OSI Russia: Xi Jinping Calls on China, Russia to Maintain Strategic Decisiveness and Maintain Strategic Coordination

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 9 (Xinhua) — At a time when the world is entering a new turbulent period of dramatic changes, China and Russia should maintain strategic resolve and maintain strategic coordination, Chinese President Xi Jinping said on Thursday.

    Xi Jinping made the statement during a tea party and conversation with Russian President Vladimir Putin in the Kremlin.

    As long as the parties maintain strategic determination and maintain strategic interaction, no force will be able to prevent China and Russia from achieving development and growth, will not be able to resist the will of the peoples of the two countries to strengthen traditional friendship, will not be able to restrain the modern trends of the formation of a multipolar world and economic globalization, the Chinese President noted.

    Xi Jinping expressed his willingness to maintain close contact with Vladimir Putin to determine the course of further development of Chinese-Russian relations and make a positive contribution to the promotion of global governance.

    V. Putin, for his part, noted that Russia and China always overcome adversity together and support each other, and the friendship between the two countries is unbreakable.

    The Russian leader expressed his desire to maintain close strategic communication with Xi Jinping, provide strategic guidance for the development of interstate relations, jointly respond to the challenges of the complex international situation, deepen comprehensive strategic interaction, defend the common interests of the two countries, and promote the development of a more just, democratic and multipolar world.

    The two heads of state exchanged views on the Ukrainian crisis and other issues. Xi Jinping said that China is an advocate and champion of the concept of common, comprehensive, cooperative and sustainable global security, and believes that it is necessary to take into account the legitimate security concerns of all countries and eliminate the root causes of the crisis in Ukraine.

    China welcomes all efforts to promote peace and hopes to achieve, through dialogue, a fair, long-term and legally binding peace agreement acceptable to all parties concerned, he said.

    V. Putin highly praised China’s objective and impartial position on the political settlement of the Ukrainian crisis, declared Russia’s readiness to begin peace talks without preconditions and expressed hope for reaching a fair and long-term peace agreement. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: IMF Executive Board Concludes the 2025 Discussions on Common Policies of Member Countries of the Eastern Caribbean Currency Union

    Source: IMF – News in Russian

    May 8, 2025

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with member countries on common policies of the Eastern Caribbean Currency Union (ECCU). The Board considered and endorsed the staff appraisal without a meeting.[2]

    The currency union has provided a strong anchor for macroeconomic stability. In 2024, strong tourism performance and continued infrastructure investments have supported robust growth of 3.9 percent, and inflation moderated to below 2 percent in tune with global trends. This has facilitated a moderate reduction in the currency union’s fiscal and external imbalances, although public debt remains high at above 71 percent of GDP and the post-pandemic trend of narrowing of sizable current account deficits has stalled. The ECCB’s stable reserves underpin a strong currency backing ratio. The ECCU financial system has remained stable, though exhibiting legacy asset quality and credit condition weaknesses.

    The union’s recent growth momentum is projected to wane. Increasing constraints to tourism capacity and completion of major infrastructure projects are set to slow real GDP growth to around 2½ percent over the medium term. Modest growth prospects reflect weak productivity and local investment, as well as headwinds from ageing populations, a shrinking labor force, and constrained fiscal space for public investment in most union members. Fiscal and external imbalances are projected to narrow over the medium term, reflecting in part completion of import-intensive public investment projects.

    Risks to the outlook remain mostly on the downside amid a highly uncertain external environment. As reported in the April World Economic Outlook, the escalation of trade tensions and high levels of policy uncertainty are a major negative shock to global economic activity. For ECCU economies, increased global trade and geopolitical tensions could give rise to disruptions to tourism and FDI inflows and renewed inflationary pressures. High public debt, persistent current account deficits and weaknesses in the local financial system amplify vulnerability to recurrent ND shocks alongside the uncertain outlook for future citizenship-by-investment inflows.

    Executive Board Assessment[3]

    The ECCU has achieved a strong rebound from successive adverse shocks. Strong tourism performance and continued infrastructure investments have supported robust post‑pandemic growth, while inflation has moderated in tune with global trends. This has facilitated a moderate reduction in the currency union’s fiscal and external imbalances, although public debt levels and current account deficits remain high in several members. The ECCU’s external position is assessed as weaker than implied by fundamentals and desirable policies, but the current account deficits remain fully financed and the stability of the ECCB’s reserves underpin a strong currency backing ratio. The financial system has remained stable, albeit exhibiting continued asset quality and credit condition weaknesses. 

    Growth momentum is nonetheless projected to wane and risks to the outlook remain mostly on the downside. Increasing constraints to tourism capacity and completion of major infrastructure projects are set to slow growth to around 2½ percent over the medium term. This modest growth potential reflects weak productivity and local investment, as well as headwinds from ageing populations, a shrinking labor force, and constrained fiscal space for public investment in most union members. Downside risks to the outlook are significant amid a highly uncertain external environment, where increased trade and geopolitical tensions could give rise to renewed inflationary pressures and disruptions to tourism and FDI inflows. High public debt, persistent current account deficits, and weaknesses in the local financial system amplify vulnerability to recurrent natural disaster (ND) shocks alongside the uncertain outlook for future Citizenship-by-Investment (CBI) inflows.

    Achieving more robust, resilient, and inclusive long-term growth would support the currency union’s fiscal and external sustainability and raise living standards. To support this objective, common regional policies should be anchored in building economic, fiscal, and financial resilience and addressing supply bottlenecks that underpin the recent decades’ downward trend in the region’s growth potential.

    A key policy priority is alleviating the region’s structural growth impediments, which calls for a coordinated multipronged approach. Addressing frictions to employment and skills development requires a renewed effort to attune human capital to economic needs and development priorities through vocational training and modernized education systems, complemented by active labor market policies and improved access to child and elderly care. Common policies can also enhance the scale, resilience, and efficiency of the region’s capital stock by helping to accelerate energy transition to local renewables, optimize the CBI funding model, and increase ND preparedness. Substantial productivity gains may also be achieved through cooperative efforts to address bottlenecks to innovation and allocative efficiency, including by digitalizing key services, streamlining licensing and administrative processes, and strengthening financial intermediation.

    Fiscal policies should remain closely focused on rebuilding buffers, reducing public debt consistent with the regional debt anchor, and improving resilience to shocks. Region‑wide adoption of strong medium-term fiscal frameworks (MTFFs) embedded with well-designed fiscal rules and credible policy plans would support sustainability objectives and create policy space for growth-enhancing social and resilience investment. Comprehensive fiscal resilience strategies, including adequate disaster-financing frameworks, can help alleviate periodic ND disruptions to debt sustainability and support the region’s growth resilience. Strengthening fiscal management of uncertain CBI revenues can similarly alleviate risks and facilitate fiscal planning. These efforts can be supported by more institutionalized regional oversight and continued strengthening of national fiscal institutions.

    Enhancing financial system resilience and reducing persistent credit-frictions can support a more conducive environment for growth-supporting local investment. Regional policy priorities include reducing vulnerabilities from legacy bank balance sheet weaknesses, mitigating risks from rapid credit union expansion, building readiness to manage risks from high dependency on global reinsurance, and strengthening national AML/CFT frameworks. Common minimum NBFI regulatory standards under the planned Eastern Caribbean Financial Stability Board (ECFSB) will be an important step toward their more unified oversight, although a more centralized supervisory structure would better facilitate management of regional stability risks. Coordinated efforts to reduce institutional frictions in local credit markets and support small ECCU businesses’ bankability can help address structural challenges in financial intermediation, revive local credit and investment, and foster development of a more vibrant private sector.

    Strengthening economic data could significantly improve regional policy design and risk management. Priorities include addressing shortcomings in coverage, quality, and timeliness of key national and external accounts and reducing significant blind spots in areas such as the regional labor markets and CBI flows. Greater leveraging of synergies in regional data compilation and processing could help address persistent resource and capacity gaps.

    Table 1. ECCU: Selected Economic and Financial Indicators, 2020-2026 1/

       

    Est.

    Proj.

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    (Annual percentage change) 

    Output and Prices

    Real GDP

    -17.6

    6.5

    11.8

    3.7

    3.9

    3.5

    2.7

    GDP deflator

    -2.2

    4.4

    4.1

    3.3

    2.7

    1.7

    2.1

    Consumer prices, average

    -0.6

    1.7

    5.6

    4.0

    2.3

    1.9

    2.0

    Monetary Sector

    Net foreign assets

    6.1

    16.5

    -0.7

    11.5

    4.8

    1.7

    4.1

      Central bank

    3.6

    11.6

    -4.8

    5.4

    12.3

    5.9

    4.4

      Commercial banks (net)

    8.5

    21.1

    2.8

    16.3

    -0.5

    -1.7

    3.7

    Net domestic assets

    -16.5

    1.2

    13.0

    -5.8

    7.9

    11.0

    6.1

      Of which: private sector credit

    -0.9

    1.5

    1.6

    3.6

    4.7

    5.1

    2.5

    Broad money (M2)

    -4.7

    10.1

    4.6

    4.3

    6.0

    5.3

    4.9

    (In percent of GDP, unless otherwise indicated)

    Public Finances

    Central government

             

      Total revenue and grants

    29.0

    30.5

    29.7

    30.0

    30.8

    28.3

    27.3

      Total expenditure and net lending

    35.8

    33.4

    32.5

    31.2

    32.2

    32.8

    27.8

    Overall balance 2/

    -6.8

    -2.9

    -2.7

    -1.3

    -1.4

    -4.5

    -0.5

      Of which: expected fiscal cost of natural disasters

    0.5

    0.4

    0.5

    0.7

    0.7

    0.7

    0.7

      Excl. Citizenship-by-Investment Programs

    -11.5

    -8.7

    -9.3

    -8.0

    -7.3

    -8.4

    -3.6

    Primary balance 2/

    -4.3

    -0.6

    -0.5

    0.9

    1.1

    -1.8

    1.7

    Total public sector debt

    89.2

    84.5

    76.2

    73.9

    71.2

    70.8

    69.9

    External Sector

    Current account balance

    -19.1

    -18.5

    -12.3

    -10.3

    -10.4

    -9.9

    -8.3

    Trade balance

    -29.5

    -30.1

    -33.3

    -32.0

    -34.2

    -34.1

    -32.7

      Exports, f.o.b. (annual percentage change)

    -28.5

    31.5

    40.5

    21.9

    -9.7

    13.9

    11.4

      Imports, f.o.b. (annual percentage change)

    -23.2

    15.2

    29.7

    5.3

    11.0

    5.8

    1.9

    Services, incomes and transfers

    10.4

    11.6

    20.9

    21.8

    23.9

    24.2

    24.5

      Of which: travel

    17.1

    20.5

    34.6

    39.8

    42.1

    42.2

    42.5

    External public debt

    47.9

    47.6

    42.6

    42.7

    42.1

    43.7

    44.8

    External debt service (percent of goods and nonfactor services)

    21.3

    14.8

    10.3

    9.0

    10.3

    9.1

    8.6

    International reserves

       In millions of U.S. dollars

    1,747

    1,952

    1,869

    1,972

    2,202

    2,332

    2,435

       In months of prospective year imports of goods and services

    5.7

    4.8

    4.0

    4.0

    4.2

    4.4

    4.4

       In percent of broad money

    28.1

    28.5

    26.1

    26.4

    27.8

    28.0

    27.9

    REER (average annual percentage change)

       

       Trade-weighted 3/

    -.07

    -2.8

    3.1

    -1.1

    -1.0

    Sources: Country authorities; and IMF staff estimates and projections.

    1/ Includes all eight ECCU members unless otherwise noted. ECCU consumer price aggregates are calculated as weighted averages of individual country data. Other ECCU aggregates are calculated by adding individual country data. The staff report projections are based on the information available as of March 31, 2025. It, therefore, does not reflect the impact of the escalation of trade tensions on and after April 2, 2025.

    2/ Projections include expected fiscal costs of natural disasters.

    3/ Excludes Anguilla and Montserrat.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. Staff hold separate annual discussions with the regional institutions responsible for common policies in four currency unions—the Euro Area, the Eastern Caribbean Currency Union, the Central African Economic and Monetary Union, and the West African Economic and Monetary Union. For each of the currency unions, staff teams visit the regional institutions responsible for common policies in the currency union, collects economic and financial information, and discusses with officials the currency union’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis of discussion by the Executive Board. Both staff’s discussions with the regional institutions and the Board discussion of the annual staff report will be considered an integral part of the Article IV consultation with each member.

    [2] The staff report reflects discussions with the authorities during January 8-16 and January 27-February 10, 2025, and is based on the information available as of March 31, 2025. It, therefore, does not reflect the impact of the escalation of trade tensions on and after April 2, 2025. Based on information available until April 29, 2025, and covered in the Staff Supplement, the thrust of the staff appraisal remains unchanged.

    [3] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/08/pr-24135-caribbean-imf-concludes-2025-discussions-on-policies-of-east-carib-currency-union

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  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement with Barbados on the Fifth Reviews Under the Extended Fund Facility and the Resilience and Sustainability Facility

    Source: IMF – News in Russian

    May 8, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country or a virtual staff visit. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The IMF team reached a staff-level agreement with the Barbadian authorities on the completion of the fifth and final reviews of the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements. The IMF’s Executive Board is expected to consider both reviews in June. Once the reviews are approved by the IMF Executive Board, Barbados will have access to about US$57 million in financing.
    • Barbados’ economy continues to perform well. Growth has been robust, inflation has moderated, and the external position has strengthened. Nevertheless, risks to the outlook are tilted to the downside, given the highly uncertain external economic environment and Barbados’ vulnerability to natural disasters.
    • Implementation of the home-grown Economic Recovery and Transformation (BERT 2022) plan remains strong. The authorities continue to focus on increasing resilience by maintaining fiscal discipline and debt sustainability and accelerating structural reforms to deliver more inclusive and sustainable growth.

    Bridgetown, Barbados: At the request of the Government of Barbados, an International Monetary Fund (IMF) team led by Michael Perks visited Barbados between May 2-8 to discuss the implementation of Barbados’ Economic Recovery and Transformation (BERT 2022) plan, supported by the IMF under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements. To summarize the mission’s findings, Mr. Perks made the following statement:

    “Following productive discussions, the IMF team and the Barbadian authorities reached a staff-level agreement on the completion of the fifth and final reviews of the EFF and the RSF arrangements with Barbados. The agreement is subject to approval by the IMF Executive Board, which is expected to consider the reviews in June. The completion of the final reviews will mark the successful conclusion of the arrangements and will allow the authorities to draw the remaining SDR 14.175 million (about US$19 million) under the EFF arrangement and SDR 28.35 million (about US$38 million) under the RSF arrangement.

    “The economy grew strongly in 2024 and continues to expand in 2025, driven by tourism, construction, and business services. Inflation has moderated further, due to an easing of global commodity prices and prices of domestic goods and services. The external position has improved, with a significant strengthening of the current account in 2024. International reserves have increased to almost US$1.7 billion (equivalent to over 7 months of import cover), ample to support the exchange rate peg. Real GDP is projected to grow by 2.7 percent in 2025, sustained by construction related to tourism projects and public investment. Nevertheless, the economic outlook is subject to significant downside risks, given heightened global uncertainty and Barbados’ vulnerability to external shocks and natural disasters.”

    “Program performance remains strong. All quantitative performance criteria and indicative targets for the fifth review of the EFF were met. The fiscal primary surplus reached 4.3 percent of GDP in FY2024/25, with strong corporate tax revenues and prudent current spending controls enabling a significant increase in capital investment aimed at boosting infrastructure and resilience. For FY2025/26, the budget aims to reach a primary surplus of 4.4 percent of GDP, consistent with program projections. Public debt continues to decline, and the authorities remain firmly committed to reaching the 60 percent of GDP target by FY2035/36.

    “The structural reform agenda is advancing, supported by technical assistance from the Fund and development partners. All three structural benchmarks (SBs) were met, including completing the assessment of human resource needs at the Barbados Customs and Excise Department, preparing a draft public-private partnership (PPP) framework and developing a daily liquidity forecasting framework by the Central Bank of Barbados (CBB). Efforts to strengthen growth and the business environment also continue to progress, including measures to address the skills gap.

    “The authorities have completed both reform measures for the fifth RSF review. Key elements to strengthen the integration of climate concerns into public financial management have been delivered, including the development of public investment project appraisal guidelines, deepening of fiscal risk analysis, and preparation of a PPP framework. The CBB has also included physical climate risks in its bank stress testing exercise. In addition, the government has created a new Resilience and Regeneration Fund, repurposing the previous Catastrophe Fund with an expanded role and additional financing for disaster mitigation, response, and regeneration.

    “The team would like to thank the authorities and other counterparts for their hospitality and the constructive and candid policy dialogue.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/08/pr-25136-barbados-imf-reaches-agreement-with-barbados-on-the-5th-rev-under-the-eff-and-rsf

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  • MIL-OSI Russia: Financial news: 08.05.2025, 17-12 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A1040J7 (Sber Sb38R) were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    08.05.2025

    17:12

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 08.05.2025, 17-12 (Moscow time), the values of the upper limit of the price corridor (up to 101.09) and the range of market risk assessment (up to 1093.23 rubles, equivalent to a rate of 10.0%) of the security RU000A1040J7 (Sberbank Sb38R) were changed.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

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  • MIL-OSI Russia: Conversation between Mikhail Mishustin and General Secretary of the Central Committee of the Communist Party of Vietnam To Lam

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The meeting took place as part of the official visit of the General Secretary of the Central Committee of the Communist Party of Vietnam to the Russian Federation.

    From the transcript:

    M. Mishustin: Good afternoon, dear comrade To Lam!

    Welcome to the Government House of the Russian Federation.

    I remember mine with great warmth visit to Hanoi in January of this year. And I would like to ask you to take this opportunity to convey my greetings and best wishes to the President of Vietnam, esteemed comrade Luong Cuong, and also to my colleague, Prime Minister comrade Pham Minh Tinh.

    We are sincerely glad for your personal participation in the celebrations on the occasion of the 80th anniversary of the Victory in the Great Patriotic War. This is a significant date for the peoples of Russia and Vietnam, who carefully preserve the historical memory of the feat of the generation of victors.

    One of the important results of World War II was the proclamation of Vietnamese independence in September 1945.

    On the eve of your visit, April 30, 50 years passed since the liberation of South Vietnam and the reunification of the country. I cordially congratulate you and all Vietnamese comrades and citizens on this anniversary. We are rightfully proud of our country’s contribution to the victory of the heroic Vietnamese people in the struggle for freedom and independence.

    Along with participation in the ceremonial events in Moscow, you will also hold talks with the President of Russia Vladimir Vladimirovich Putin. I would like to assure you that the Government of Russia will ensure prompt implementation of the decisions that will be taken at the highest level.

    Vietnam is an important partner of Russia in the Asia-Pacific region. This year we celebrate the 75th anniversary of the establishment of diplomatic relations. And we are interested in further strengthening the Russian-Vietnamese comprehensive strategic partnership.

    We are paying priority attention to increasing trade and economic cooperation and increasing mutual trade turnover. New joint projects in the fields of energy, transport, industry, agriculture, high technology and digital are also being developed. The Russian-Vietnamese intergovernmental commission, headed by my deputy Dmitry Chernyshenko from the Russian side, is actively working.

    We attach particular importance to the development of direct interaction between the regions of Russia and Vietnam. We will continue to create favorable conditions for the launch of new joint ventures, primarily with the participation of small and medium businesses.

    We also value humanitarian ties with Vietnam. Our countries have a rich national heritage. Russian classical literature is well known in Vietnam. Russia helped its Vietnamese friends create national ballet and opera.

    More and more Russian tourists visit Vietnam, get acquainted with its unique culture and art. And my stay in hospitable Hanoi, Vietnam left the warmest memories.

    I am ready to discuss with you the most pressing issues of interaction between Russia and Vietnam. Please, you have the floor, esteemed comrade To Lam.

    To be continued…

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: China and Russia oppose unilateral restrictive measures in trade and finance

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    MOSCOW, May 8 (Xinhua) — China and Russia have firmly opposed unilateral and illegal restrictive measures such as trade and financial restrictions.

    Both sides expressed this position in a joint statement between China and Russia on further deepening the comprehensive partnership and strategic cooperation in the new era, which was signed in Moscow on Thursday by Chinese President Xi Jinping and Russian President Vladimir Putin.

    As the parties noted, individual countries and their allies apply unilateral and illegal restrictive measures, significantly increase customs duties and use other non-market means of competition, which has a negative impact on the global economy, undermines fair competition and hinders international cooperation in overcoming common challenges facing all of humanity.

    Both countries condemned the cynical actions bypassing the UN Security Council, which violate the UN Charter and international law, obstruct the administration of justice and violate the rules of the World Trade Organization (WTO).

    China and Russia will continue to work together to counter the downward pressure on the global economy and promote the participation of more countries in the Global South in international and regional trade.

    China and Russia are willing to actively promote an open, inclusive, transparent and non-discriminatory multilateral trading system with the WTO at its core, support efforts to update WTO rules, and promote trade and investment liberalization and facilitation. –0–

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  • MIL-OSI Russia: China, Russia express concern over attempts to undermine post-war international order

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 8 (Xinhua) — China and Russia on Thursday expressed concern over attempts to undermine the post-war international order.

    This concern was expressed in a joint statement released on Thursday by China and Russia on further deepening their comprehensive strategic partnership of coordination in the new era.

    The parties noted with concern that, in pursuit of hegemonic interests, individual countries and their allies are attempting to distort the results of the Victory in World War II, undermine the principles of the post-war international order and weaken the central role of the UN in maintaining peace and security on the planet.

    Both countries reaffirmed their strong commitment to upholding international law and opposing any attempts to distort its fundamental principles.

    In the statement, the parties indicated that the construction of a more just and sustainable multipolar world order is the prevailing trend of the time.

    As the statement emphasizes, individual countries, having indulged in the delusions of hegemonism and neocolonialism, recklessly pursue aggressive policies, limit the sovereignty of other states and suppress their economic and technological development in order to preserve their own privileges. This contradicts the trends of multipolarity and democratization of international relations.

    The parties promised to maintain a broad and equal dialogue based on preserving the diversity of civilizations and achieving a balance of power and interests between countries, studying ways to adapt the international architecture to the process of forming a multipolar world in the 21st century.

    The countries stressed that China’s concept of building a community with a shared future for mankind and a number of global initiatives have important positive significance. The destinies of the peoples of all countries are interconnected, and no state should ensure its security at the expense of others.

    The parties noted that unilateral coercive measures taken in circumvention of the UN Security Council, including economic sanctions, contradict the UN Charter and other norms of international law and harm the interests of international security.

    China and Russia resolutely opposed unilateral coercive measures that have no basis in international law and have not received the approval of the UN Security Council, and condemned the use of intimidation, restrictions and coercion to put pressure on other countries. –0–

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  • MIL-OSI Russia: China, Russia to bolster coordination in countering US ‘dual containment’

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 8 /Xinhua/ — China and Russia will increase interaction and strengthen coordination to decisively counter Washington’s course of “dual containment” of China and Russia, both sides said on Thursday.

    They expressed this intention in the joint statement of China and Russia on further deepening the relations of comprehensive partnership and strategic interaction in the new era, signed by Chinese President Xi Jinping and Russian President Vladimir Putin.

    The statement indicates that the parties resolutely oppose the imposition of hostile approaches towards China and Russia on third countries in various regions of the world, as well as the discrediting of Chinese-Russian cooperation.

    The parties noted that the United States and its allies are trying to expand NATO’s presence in the Asia-Pacific region and create narrow coalitions there, involving regional countries in the implementation of their “Indo-Pacific strategies”, thereby undermining peace, stability and prosperity in the region.

    The parties consider it unacceptable to build military blocs with anti-Russian and anti-Chinese orientations with a common nuclear component, to deploy nuclear weapons in the region under the guise of “extended deterrence,” to deploy global missile defense systems and ground-based medium-range missile systems that threaten strategic stability, the statement emphasizes. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China, Russia back UN’s central role in AI governance

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 8 (Xinhua) — China and Russia have expressed support for the central role of the United Nations in governing artificial intelligence (AI).

    In a joint statement between China and Russia on further deepening the comprehensive partnership of strategic coordination in the new era, signed on Thursday in Moscow by Chinese President Xi Jinping and Russian President Vladimir Putin, the parties stressed that in this process it is important to respect the national sovereignty and observe the laws of each country, as well as the UN Charter.

    The parties opposed the politicization of scientific and technical issues and the negative practice of maliciously disrupting the stability of international production and supply chains in the AI sector.

    The Russian side highly appreciated the efforts of the Chinese side to adopt, by consensus, a resolution on strengthening international cooperation in the field of building AI capabilities by the UN General Assembly and welcomed the action plan proposed by China to build AI capabilities for the common good.

    The Russian side also expressed its readiness to actively participate in bilateral and multilateral cooperation based on platforms such as the Group of Friends for International Cooperation in AI Capacity Building and the China-BRICS AI Development and Cooperation Center.

    The two sides pledged to support each other in holding the 2025 World Conference on Artificial Intelligence and the High-Level Conference on Global Governance of Artificial Intelligence, as well as the 2025 Global Digital Forum. –0–

    MIL OSI Russia News