russia Archives - Page 2 of 3

Russia will leave International Space Station In 2024

26Jul

By Muhammad Dastageer Shams1 Comment

Latest

Russia will leave International Space Station In 2024

Moscow will fulfill its obligations to International Space Station (ISS) partners before quitting the project, says Roscosmos chief Yuri Borisov. According to the newly-appointed head of Russia space agency, the country plans to leave the International Space Station (ISS) after 2024. “The decision has been made to leave this station in 2024,” Roscosmos Director General Yury Borisov told Russian President Vladimir Putin. Russia and the west are at odds over the Ukraine invasion, which has escalated tensions. NASA and Roscosmos have signed a deal to allow astronauts and cosmonauts to ride together on rocket missions bound for the International Space Station despite tensions over Russia's invasion of Ukraine. Roscosmos' predecessor, Dmitry Rogozin, had also urged the agency to "r...

All banks refused to open LC for Russian crude oil import

2Jul

By Aqsa Azam1 Comment

Latest

All banks refused to open LC for Russian crude oil import

Pakistani banks refused to open any letter of credit to allow the import of crude oil from Russia. This decision is based on the sanction on Russia and Ukraine imposed by UK and USA. Looking at fuel shortage and price, Russian crude oil might be our last option. All Pakistani commercial banks have refused to open letters of credit (LCs) for Russian-origin crude in the light of economic sanctions by the United States, United Kingdom, and European Union against Moscow for attacking Ukraine. Banks are saying Dollar cannot be a mode of payment for importing Russian crude oil. The oil industry group, comprising refineries and oil marketing companies (OMCs) wrote a letter to the State Bank Of Pakistan (SBP) to review this decision. They know the economic condition of the country is not ...

Marriott Hotel chain to leave Russia after 25 years

7Jun

By Muhammad Dastageer ShamsNo Comments

Global

Marriott Hotel chain to leave Russia after 25 years

Marriott Hotel network has declared it is leaving Russia following 25 years, saying Western limitations made it "impossible" to continue work there. The organization shut its Moscow office and stopped interest in Russia in March, following the attack on Ukraine. In any case, its 22 hotels in the nation are claimed by Russian third parties and stayed open. Marriott said the most common way of suspending activities in Russia was "mind-boggling". In spite of the fact that it might require time for them to finish the course of their withdrawal from the country. However, they have made it official that the brand won't be working in any capacity. Inside the Russian area as managing the business with the sanctions, made unthinkable. Marriott said the most widely recognized approac...

Wimbledon Tennis 2022: Russian and Belarus players banned

21Apr

By Aqsa Azam1 Comment

Sports

Wimbledon Tennis 2022: Russian and Belarus players banned

Men's tennis world number two Daniil Medvedev is set to be banned from the current year's Wimbledon Grand Slam competition. The Times announced coordinators are to boycott Russian and Belarus players because of Russia's attack on Ukraine. Daniil Medvedev Russia is one of the strong competitors in the sports of Tennis. Daniil Medvedev is the top player from the side of Russia who plays alone in the Men's Tournament. Whereas, Wimbledon Tennis women’s singles semi-finalist of Belarus is Aryna Sabalenka. However, Both the players agreed that they would not make any statement regarding political or war Issues. The organizers of the Wimbledon Tennis Championship thought that this will send a negative effect on the families of other players. The BBC reported that confirmation of the dec...

Netflix is losing subscribers for the first time in 10 years

20Apr

By Aqsa AzamNo Comments

Global

Netflix is losing subscribers for the first time in 10 years

Netflix is losing subscriptions for the first time in 10 years. They are expecting to lose even more in the spring. Netflix hints at the password sharing crackdown is the main reason for subscriber's fall. The streaming giant’s share price initially fell close to 20%. It means that Netflix has lost 200,000 subscribers at a single moment. They hint that the password-sharing crackdown is the main cause of this fall. Wall Street had been expecting the company to add 2.5 million subscribers. Even though Netflix Inc., is still expecting to lose 2 million global subscribers in the current quarter. Netflix has hinted it will crack down on households sharing passwords as it seeks to sign up new members following a sharp fall in subscribers. The number of households using the streaming servi...