Putin blesses multibillion-dollar bet on Russia competing in LNG

The Russian president has overseen the official start of a billion-dollar LNG plant. There are ambitions to compete with LNG leader Qatar.

/ritzau/AP/Pavel Golovkin
Photo: /ritzau/AP/Pavel Golovkin

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IMF warns of trade war and expensive financial markets

Although risks are emerging due to a trade war, political unrest in the EU and inflated financial markets, the global recovery has not yet lost its momentum, says the International Monetary Fund in an update to its April forecast.

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