India equipped to absorb cost of oil price shifts if U.S. sanctions hit, says Stanchart
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The Hill
6 hours ago
- The Hill
Trump announces nuclear submarines positioned near Russia
President Trump said Friday that the U.S. is positioning two nuclear submarines in 'appropriate regions' near Russia, a move he blamed on threatening rhetoric from former Russian President Dmitry Medvedev, who remains a top Kremlin adviser. Trump cited in a Truth Social post what he called 'highly provocative statements' from Medvedev, and said he made the submarines were 'just in case these foolish and inflammatory statements are more than just that.' In a rhetorical tit-for-tat this week, Trump told Medvedev in a Truth Social post on Thursday to 'watch his words,' calling Russia and India 'dead economies.' Medvedev responded with a Telegram posting referencing the Soviet doomsday plan called the 'dead hand,' in which lower-level officials could trigger a nuclear response if its leaders were taken out. On Truth Social Friday, Trump expressed hope that the matter would not escalate further, even as he repositioned nuclear assets closer to Russia. 'Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances,' he wrote. The president has threatened to institute 'severe' tariffs on Russia in recent weeks in a bid to pressure the Kremlin to halt the ongoing war in Ukraine. Earlier this week, he reduced a 50-day timeline for Russia to reach a ceasefire with Ukraine before the U.S. imposed economic sanctions, pushing the deadline to early August. Medvedev, the deputy chairman of Russia's security council, knocked Trump on X for 'playing the ultimatum game.' 'Trump's playing the ultimatum game with Russia: 50 days or 10…' he wrote. 'He should remember 2 things: 1. Russia isn't Israel or even Iran. 2. Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country. Don't go down the Sleepy Joe road!' Trump stepped up his rhetoric against the former Russian president, telling him to 'watch his words' in a post that also lashed out at India, which is yet to reach a trade deal with the U.S. 'I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World,' Trump wrote on Truth Social. 'Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!' the president added.
The Hill
9 hours ago
- The Hill
Russian and US space chiefs meet to discuss continued cooperation
MOSCOW (AP) — Russia's space chief has visited the United States to discuss plans for continued cooperation between Moscow and Washington on the International Space Station and lunar research with NASA's acting chief, the first such face-to-face meeting in more than seven years. Dmitry Bakanov, the director of the state space corporation Roscosmos, met Thursday with NASA's new acting administrator, Transportation Secretary Sean Duffy, on a visit to attend the planned launch of a U.S.-Japanese-Russian crew to the space station. The launch was delayed by weather until Friday. Roscosmos said Bakanov and Duffy discussed 'further work on the International Space Station, cooperation on lunar programs, joint exploration of deep space and continued cooperation on other space projects.' Once bitter rivals in the space race during the Cold War, Roscosmos and NASA cooperated on the space station and other projects. That relationship was beset with tensions after Moscow sent troops into Ukraine in 2022, but Washington and Moscow have continued to work together, with U.S. and Russian crews continuing to fly to the orbiting outpost on each country's spacecraft. Plans for broader cooperation, including possible Russian involvement in NASA's Artemis program of lunar research, have fallen apart. As Russia has become increasingly reliant on China for its energy exports and imports of key technology amid Western sanctions, Roscosmos has started cooperation with China on its prospective lunar mission. Speaking to Russian reporters after the talks with Duffy, Bakanov said that they agreed to keep working on keeping the space station in operation to the end of the decade. 'Our experts will now start working on those issues in details,' Bakanov said, praising Duffy for giving a green light for those contacts 'despite geopolitical tensions.' The Russian space chief added that he and Duffy will report the results of the meeting to Russian President Vladimir Putin and President Donald Trump to secure their blessing for potential space cooperation. 'In view of the difficult geopolitical situation, we will need to receive the necessary clearance from the leaders of our countries,' Bakanov said. He added he invited Duffy to visit Moscow and the Russia-leased Baikonur launch facility in Kazakhstan for the launch of another Russia-U.S. crew to the space station scheduled for November. 'I will put my efforts into keeping the channel of cooperation between Russia and the U.S. open, and I expect NASA to do the same,' Bakanov said.
9 hours ago
Russian and US space chiefs meet to discuss continued cooperation
MOSCOW -- Russia's space chief has visited the United States to discuss plans for continued cooperation between Moscow and Washington on the International Space Station and lunar research with NASA's acting chief, the first such face-to-face meeting in more than seven years. Dmitry Bakanov, the director of the state space corporation Roscosmos, met Thursday with NASA's new acting administrator, Transportation Secretary Sean Duffy, on a visit to attend the planned launch of a U.S.-Japanese-Russian crew to the space station. The launch was delayed by weather until Friday. Roscosmos said Bakanov and Duffy discussed "further work on the International Space Station, cooperation on lunar programs, joint exploration of deep space and continued cooperation on other space projects.' Once bitter rivals in the space race during the Cold War, Roscosmos and NASA cooperated on the space station and other projects. That relationship was beset with tensions after Moscow sent troops into Ukraine in 2022, but Washington and Moscow have continued to work together, with U.S. and Russian crews continuing to fly to the orbiting outpost on each country's spacecraft. Plans for broader cooperation, including possible Russian involvement in NASA's Artemis program of lunar research, have fallen apart. As Russia has become increasingly reliant on China for its energy exports and imports of key technology amid Western sanctions, Roscosmos has started cooperation with China on its prospective lunar mission. Speaking to Russian reporters after the talks with Duffy, Bakanov said that they agreed to keep working on keeping the space station in operation to the end of the decade. 'Our experts will now start working on those issues in details,' Bakanov said, praising Duffy for giving a green light for those contacts 'despite geopolitical tensions.' The Russian space chief added that he and Duffy will report the results of the meeting to Russian President Vladimir Putin and President Donald Trump to secure their blessing for potential space cooperation. 'In view of the difficult geopolitical situation, we will need to receive the necessary clearance from the leaders of our countries,' Bakanov said. He added he invited Duffy to visit Moscow and the Russia-leased Baikonur launch facility in Kazakhstan for the launch of another Russia-U.S. crew to the space station scheduled for November. 'I will put my efforts into keeping the channel of cooperation between Russia and the U.S. open, and I expect NASA to do the same,' Bakanov said.
