‘ Extension of the Russia-China Gas Pipeline into India is Under Discussion at the BRICS Summit ‘

#AceFinanceNews – NEW DELHI – June 24. /ITAR-TASS/. Extension of the Russia-China gas pipeline till the border with India was among the issues discussed by Russian and Indian leadership during Russian Vice-Premier Dmitry Rogozin’s visit to New Delhi.

​The two sides made a decision to continue the discussion, an official at the Indian

The parties agree to continue discussing this matter; however, the project is rather complicated from the viewpoint of logistics.

​According to Financial Express’ earlier reports, India plans to discuss grounds for the pipeline extension at the BRICS (Brazil, Russia, India, China and South Africa) summit due in Brazil in July. The new government of India plans to diversify resources of oil and gas supplies.

​Moreover, the sides still continue discussing the idea to build an oil pipeline from Russia to India, the source said. The idea was initialed by India’s biggest petroleum corporation ONGC (Oil and Natural Gas Corporation). Earlier, ONGC Vice-President M.K. Nair told ITAR-TASS, “The pipeline may run via Afghanistan and Pakistan.”

In a joint statement adopted upon the results of the 14th Russian-Indian Summit, Further Deepening of Strategic Partnership in the Interests of Peace and Stability In the World, in Moscow in October 2013, Russian President Vladimir Putin and Indian Prime Minister Manmohan Singh stressed that the two sides agreed to analyze the possibility of direct ground-based transportation of hydrocarbons from Russia to India and decided to set up a joint research group for the goal.


‘ US Chamber of Commerce and Business Groups Demand Congress to Vote on Extending Export-Import Bank’s Charter ‘

#AceFinanceNews – UNITED STATES – June 24 – The U.S. Chamber of Commerce and other business groups on Monday demanded that Congress give an up-or-down vote on extending the Export-Import Bank’s charter.

​A day after House Majority Leader-elect Kevin McCarthy (R-Calif.) shocked supporters of the bank by announcing his opposition, Chamber CEO Tom Donohue said he and other business groups will pressure GOP leadership to bring legislation reauthorizing the bank to the House floor.

By Vicki Needham @The Hill

EXIM Charter August 2012
Import-Export Charter PDF


‘ Cameron Forces Unprecedented Vote on Next President of the European Commission ‘

#AceFinanceNews – BRUSSELS – June 24 – UK prime minister David Cameron is to force EU leaders to vote on whether to appoint Jean Claude Juncker to become the next president of the European Commission at a summit later this week.

  • Cameron is against both the Spitzenkandidat process and Juncker personally (Photo: consilium.europa.eu)

"I had a full and frank discussion with Herman van Rompuy. I told him there must be a vote on Commission president," Cameron tweeted after a meeting with the EU council president on Monday (23 June).

Van Rompuy had "agreed to work through how a vote would proceed", the prime minister’s office said following the meeting.

EU leaders will gather for a summit in Ypres and Brussels starting on Thursday (26 June) in which they are meant to agree a commission president candidate and a policy programme for the next five years.

A vote would be unprecedented.

Traditionally, EU leaders decide on the leader of the EU executive by consensus following a formal discussion.

BBC News reported last night that Cameron’s meeting with Van Rompuy ended with an impasse, next move Cameron as game stands at check ………..