EU announces 18th package of sanctions against Russia

Translation. Region: Russian Federal

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

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

BRUSSELS, July 18 (Xinhua) — The European Union (EU) on Friday approved a new package of sanctions against Russia, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas said.

“The EU has just approved one of the toughest sanctions packages against Russia to date,” wrote K. Kallas on the social network X.

It includes a reduction in the price ceiling for Russian oil sold to third countries by 15 percent of the market price. In 2022, the Group of Seven (G7) set the price ceiling at $60 per barrel, now the price will be $47.6, with the possibility of adjustment in accordance with future changes in oil prices.

The package also includes measures to ensure that the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea cannot be restarted.

The EU will impose sanctions on a Russian-owned oil refinery in India and blacklist more than 100 additional vessels from Russia's so-called "shadow fleet" that are believed to be skirting EU sanctions by carrying mostly Russian oil, Kallas said. –0–

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North Korea slams Japan's 2025 defense white paper

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

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

PYONGYANG, July 18 (Xinhua) — North Korea on Thursday criticized Japan's 2025 defense white paper as "a military scenario to realize its re-invasion ambitions from A to Z," the official Korean Central News Agency (KCNA) reported Friday.

"It is common knowledge" that Japan has revised its national security strategy to include "preemptive strike capabilities" and accelerated both the development of domestically produced long-range missiles and the purchase of foreign-made missiles in recent years, KCNA reported, citing the head of the political department of the Institute of Japanese Affairs at the DPRK Foreign Ministry.

Japan has increased its defense budget to a record high in 2025, ramping up its military capabilities to the fullest extent, KCNA reported, adding that as part of the effort, Tokyo is purchasing medium-range air-to-air missiles, long-range air-to-ground missiles and related equipment from Washington worth US$3.7 billion.

Japan is also considering deploying 400 US-made Tomahawk long-range cruise missiles and Type-12 surface-to-ship missiles that increase their range to more than 1,000 km, KCNA reported.

Japan, which has long positioned itself as a "peaceful nation" adhering to the principle of "exclusive defense," is currently working to develop capabilities for offensive operations, including long-range strikes and cross-domain operations, KCNA said.

Japan's defense white paper is "a military scenario for realizing its re-invasion ambitions from A to Z. Its actions to turn Japan into a military giant that seriously threatens regional peace and security cannot be tolerated," the report said. -0-

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China Achieves FDI Actual Utilization Target for 2021-2025 Ahead of Schedule

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

BEIJING, July 18 (Xinhua) — China has achieved the target for the actual utilization of foreign direct investment (FDI) for the 14th Five-Year Plan period (2021-2025) ahead of schedule, Vice Minister of Commerce and Deputy China's International Trade Representative Lin Ji said Friday.

He said at a press conference that from 2021 to the end of June 2025, China's actual FDI utilization reached US$708.73 billion, achieving the target of US$700 billion six months ahead of schedule.

During this period, about 229 thousand new enterprises with foreign capital were created, which is approximately 25 thousand more than during the 13th five-year plan (2016-2020), he noted.

Foreign-invested enterprises accounted for one-third of China's foreign trade turnover and one-quarter of its industrial added value, and over the same period, these investments created more than 30 million jobs, Lin Ji added.

According to him, the country has seen a noticeable improvement in the quality of foreign investment use. In 2024, high-tech industries accounted for 34.6 percent of attracted foreign investment, which is 6 percentage points more than in 2020.

To create a favorable environment for foreign businesses, the Ministry of Commerce has held more than 30 roundtable meetings since 2023, helping to resolve more than 1,500 issues related to foreign-invested enterprises, according to Lin Ji. -0-

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CPPCC National Committee Holds Symposium to Review Macroeconomic Situation in First Half of 2025

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

BEIJING, July 18 (Xinhua) — The National Committee of the Chinese People's Political Consultative Conference (CPPCC) on Friday held a symposium to review the macroeconomic situation in the first half of 2025.

Wang Huning, member of the Standing Committee of the Politburo of the CPC Central Committee and Chairman of the National Committee of the CPPCC, attended the symposium and delivered a speech.

According to Wang Huning, since the beginning of the year, despite the complicated international situation and growing uncertainty, the country has maintained stable economic growth.

He stressed the need to focus on issues such as the goals and objectives of socio-economic development for the 15th Five-Year Plan period (2026-2030), the development of new-quality productive forces taking into account local conditions, expanding domestic demand and steadily promoting the achievement of common prosperity.

Wang Huning called for active discussion and suggestions to promote the effective implementation of relevant measures.

At the symposium, 13 members of the CPPCC National Committee delivered reports on a range of topics, including stabilizing and activating the capital market, promoting scientific and technological innovation in non-state enterprises, and developing artificial intelligence.

CPPCC National Committee Vice Chairman Wang Yong presided over the symposium. -0-

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Sales of used passenger cars in Russia fell to 2.73 million units in the first half of the year

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

Moscow, July 18 /Xinhua/ — Sales of used passenger cars in Russia in the first half of the year amounted to 2.73 million units, which is 0.5 percent less than in the same period last year, TASS reported on Friday, citing the analytical agency Avtostat.

It is reported that the sales leader for the first 6 months of the current year was the domestic Lada, whose sales reached 715.8 thousand units with an increase of 4.7 percent. In second place is the Japanese Toyota with a result of 269.7 thousand (a decrease of 6.1 percent), and the top three is completed by the South Korean Kia – 150.6 thousand (a decrease of 3.6 percent).

In June, the Russian used car market shrank by 6.4 percent year-on-year to 467.4 thousand units. This is also 4.8 percent less than in May of this year.

As previously reported, sales of new passenger cars in Russia in the first half of 2025 amounted to 526.7 thousand units, which is 26 percent lower compared to the same period last year. –0–

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China's Foreign Ministry urges Philippines to take concrete measures to ensure safety of Chinese students

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

BEIJING, July 18 (Xinhua) — Chinese Foreign Ministry spokesperson Lin Jian on Friday called on the Philippine side to take concrete measures to ensure the safety, dignity and legitimate rights and interests of Chinese students in the Philippines.

China's Ministry of Education issued a warning to students studying in the Philippines on Friday, urging Chinese students to assess security risks and raise their awareness.

At a regular press conference, Lin Jian said the public security situation in the Philippines is deteriorating, with crimes and searches against Chinese citizens on the rise. The warning issued by the Chinese government is a responsible and reasonable measure to ensure the safety and rights of Chinese students, the diplomat added.

“We once again warn those planning to study in the Philippines to conduct a risk assessment,” he stressed. -0-

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The incoming and outgoing passenger traffic through Tianshan Airport in China's Xinjiang has exceeded 500,000 person-times this year.

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

BEIJING, July 18 (Xinhua) — The incoming and outgoing passenger flow at the checkpoint of Tianshan International Airport in Urumqi, northwest China's Xinjiang Uygur Autonomous Region, in 2025 exceeded 500,000, up 65.2 percent year on year as of July 14, the Xinjiang Daily reported.

This year, this level of passenger traffic was achieved 77 days earlier than last year, the department added.

According to Luo Minxuan, an employee of the department, over 146 thousand foreigners entered China through the checkpoint at Tianshan Airport during the reporting period, which is 1.3 times more than during the same period in 2024. Among them, more than 39 thousand people took advantage of the visa-free regime.

In addition to the existing 24 international passenger air routes, the airport recently opened two new routes – Urumqi-Tianjin (Northern China)-Osaka (Japan) and Urumqi-Shymkent (Kazakhstan), which once again stimulated the demand for business and tourist travel to foreign countries.

According to Luo Minxuan, the airport has seen a significant increase in the number of family tours abroad and cross-border tour groups. She added that over 60 percent of Chinese citizens who left the country through the Tianshan checkpoint went to five Central Asian countries as well as the Transcaucasian countries, including Armenia, Azerbaijan and Georgia. -0-

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Yandex Market to Open First Seller Service Center in China

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

BEIJING, July 18 (Xinhua) — Russia's leading e-commerce platform Yandex Market announced the opening of its first seller service center in China in Hangzhou, capital of east China's Zhejiang Province.

According to the China Daily newspaper, Yandex Market and the Department of Commerce of Yuhang District of Hangzhou officially signed a cooperation agreement during the Global Cross-Border E-commerce Trade Expo held in Hangzhou.

As the representative of the Yandex Market platform noted, the main goal of creating a seller service center in Hangzhou is to provide high-quality services to sellers and help them quickly enter the Russian market. Moreover, in 2025, Yandex Market plans to attract 50 thousand new local sellers.

Hangzhou has established China's first comprehensive cross-border e-commerce pilot zone, with a large number of experienced merchants targeting markets in Europe, the United States, Southeast Asia and other regions. -0-

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Global economic volatility due to US tariff policy has caused unemployment to rise in Australia: Treasurer

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

CANBERRA, July 18 (Xinhua) — Volatility in the global economy caused by U.S. tariffs is one reason for rising unemployment in Australia, Treasurer Jim Chalmers said on Friday.

The politician told the Australian Broadcasting Corporation (ABC) that the volatility, unpredictability and uncertainty caused by US tariffs had become a "defining and permanent feature of the global economy" and Australia was not immune.

The federal government has heard from business leaders and economists that U.S. trade policy has influenced local hiring decisions, Chalmers said.

“I think people are embracing this uncertainty and unpredictability as the new normal. It requires us to change our thinking,” he said.

Official data released on Thursday by the Australian Bureau of Statistics showed Australia's unemployment rate rose from 4.1 per cent in May to 4.3 per cent in June, the highest since November 2021.

Chalmers said the rise in unemployment was unwelcome but not surprising, and the government forecast unemployment would rise further but remain below 5 per cent.

The treasurer made the announcement while in South Africa, where he is attending a meeting of G20 finance ministers and central bank governors in Durban.

In bilateral discussions and major meetings, the view has “definitely” emerged that the U.S. tariff policy is unjustified, unnecessary and an act of economic self-destruction, the official said. –0–

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China's Daqing Oil Field Sees Oil, Gas Production Rise in H1 2025

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

HARBIN, July 18 (Xinhua) — Daqing Oilfield, China's largest onshore oil field, saw crude oil and natural gas production rise in the first half of 2025, according to Daqing Oilfield Co., Ltd.

During the reporting period, crude oil production at the field increased by 10.9 thousand tons year-on-year, while natural gas production increased by 222 million cubic meters compared to the same period last year.

In recent years, Daqing Oilfields has been actively developing new approaches to the transition to a "green economy". In the first six months, the capacity of the company's commissioned projects in the field of alternative energy sources reached 538.7 thousand kilowatts, and the volume of electricity generation was 554 million kWh.

Last year, the oil field produced more than 6 billion cubic meters of natural gas, demonstrating stable growth in its gas production for the 14th year in a row. -0-

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