Iran holds military exercises near Azerbaijan border, issues warning through movements of tanks and military vehicles

Iran holds military exercises near Azerbaijan border, issues warning through movements of tanks and military vehicles

Tehran/Baku: – Tension has increased between Iran and Azerbaijan. Iran has been conducting large-scale military exercises near the Azerbaijan border since Friday, including tanks and military vehicles. The Iranian Foreign Ministry warned that the practices were in response to those posing a challenge to Iranian sovereignty. Iran also warned that it would not tolerate Israel’s […]

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China to fund Taliban government in Afghanistan

China to fund Taliban government in Afghanistan

Beijing – The United States has frozen nearly USD 9 billion in Afghan assets in its territory since the Taliban took control of the country. A decision to impose sanctions on the Taliban could be taken at the forthcoming G7 meeting. In such a scenario, China has announced to provide financial assistance to Afghanistan. China […]

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USD expelled from Russian National Wealth Fund

USD expelled from Russian National Wealth Fund

Moscow: – The USD component in the Russian National Wealth Fund, created out of the foreign reserves, has been brought to zero. As per the information given in January 2021, the USD share in the National Wealth fund was to the extent of 35%. Russian President Vladimir Putin had initiated the process of de-dollarization in […]

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Indian foreign reserves reach $608 billion

Indian foreign reserves reach $608 billion

Mumbai: – The country’s foreign reserves increased by $3.07 billion in one week, reaching $608.08 billion. Currently, India is among the top four nations in respect of foreign reserves. India and Russia stand joint fourth on the list.   In the week ending 11th June, the foreign reserves crossed $608 billion. In the week ending 4th […]

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