Chinese President Xi Jinping arrived in Moscow on Wednesday to begin a four-day state visit to Russia and attend the celebrations marking the 80th anniversary of the victory of the Soviet Union's Great Patriotic War at the invitation of Russian President Vladimir Putin.
Upon his arrival at the Moscow Vnukovo Airport, Xi was warmly greeted by Russian Deputy Prime Minister Tatyana Golikova and other officials.
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Xi arrives in Moscow for state visit, Victory Day celebrations
Xi arrives in Moscow for state visit, Victory Day celebrations
Xi arrives in Moscow for state visit, Great Patriotic War victory celebrations
Xi arrives in Moscow for state visit, Great Patriotic War victory celebrations
This year marks the 80th anniversary of the victory of the Chinese People's War of Resistance Against Japanese Aggression, the Soviet Union's Great Patriotic War and the World Anti-Fascist War, also known as World War II.
Xi arrives in Moscow for state visit, Victory Day celebrations
Xi arrives in Moscow for state visit, Victory Day celebrations
Xi arrives in Moscow for state visit, Great Patriotic War victory celebrations
Xi arrives in Moscow for state visit, Great Patriotic War victory celebrations
The European Union is facing the risk of a stagflationary shock as the ongoing conflict in the Middle East is driving up energy prices and clouding the economic outlook, European Commissioner for Economy Valdis Dombrovskis said on Monday.
The European Commission's spring 2026 economic forecast, to be released later this week, will see economic growth figures adjusted down and inflation figures up, said Dombrovskis during an interview while attending a meeting of finance ministers from the Group of Seven (G7) in Paris.
With the Strait of Hormuz closed and oil prices staying above 100 U.S. dollars per barrel, fears of stagflation have risen in recent weeks, said Dombrovskis, adding that the margin of action by policymakers is "more limited" now.
The commissioner said it's important that the bloc take temporary, targeted support measures rather than measures that sustain high demand for fossil fuels.
Dombrovskis also described the EU's release of strategic oil reserves as "ongoing," while warning of concerns about shortages in areas such as innovative fuels.
The International Energy Agency Executive Director, Fatih Birol, said on Monday that commercial oil stocks are declining "rapidly", with several weeks of supply left due to the consequences of the conflict in the Middle East.
Europe could face fuel shortages by the end of this month.
EU at risk of stagflation amid Middle East conflict: commissioner
