Search Site

Trends banner

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

China supported Russia to counter Wagner mutiny, says Moscow

Beijing says it is a neutral party in the Ukraine conflict. (AFP)
  • Russia said China expressed for the efforts of the leadership of the Russian Federation to stabilize the situation in the country.
  • It came after a meeting in Beijing between China's deputy foreign minister Ma Zhaoxu and Russian deputy foreign minister Andrey Rudenko.

MOSCOW, RUSSIA – Russia’s foreign ministry said on Sunday that Beijing had backed Moscow’s efforts to counter a short-lived armed uprising led by the head of the Wagner mercenary group Yevgeny Prigozhin.

“The Chinese side expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation in the country in connection with the events of June 24, and reaffirmed its interest in strengthening the unity and further prosperity of Russia,” the Russian foreign ministry said in a statement.

The release came after a meeting in Beijing between China’s deputy foreign minister Ma Zhaoxu and Russian deputy foreign minister Andrey Rudenko.

Wagner mercenaries were headed back to base Sunday as their mutinous leader agreed to go into exile after President Vladimir Putin was forced to accept an amnesty deal.

China’s readout from the meeting however said the two deputy foreign ministers had “exchanged views” on bilateral ties and “international and regional issues of common concern”.

Beijing says it is a neutral party in the Ukraine conflict, but has been criticized by Western countries for refusing to condemn Moscow and for its close strategic partnership with Russia.