Washington: – Leading financial institution Goldman Sachs warned that the position of the USD as the leading international currency is under threat. Goldman Sachs has warned in its Research Note that the harsh sanctions imposed against Russia and the foreign debt in the US economy will result in USD losing its importance. The leading financial […]
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Warsaw/Moscow: – Mateusz Morawiecki, the Polish Prime Minister, claimed that the sanctions imposed by the western countries against Russia are worthless and the current value of the Russian Ruble is the indicator. A few days ago, the Polish prime minister accused the leading European countries of taking a pro-Russia stand. Alister Cook, a former diplomat […]
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Berlin/ Vienna/ Moscow: Russia has warned the nations which sanctioned Russia to pay the fuel price in Ruble currency. Russian President Vladimir Putin has also issued an order in this regard. Consequently, the European nations have taken steps fearing that Russia could cease fuel supply to those who oppose this decision. Hence, Germany and Australia […]
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New Delhi: – US Deputy National Security Advisor Daleep Singh and British Foreign Minister Liz Truss paid a visit to India just before Russian Foreign Minister Sergey Lavrov. Reports of India planning to increase fuel purchases from Russia and the transactions will be in Rouble-INR currencies to bypass the sanctions imposed by the United States […]
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Taipei: – Cheng Ming-tong, a senior Taiwanese security official, warned ‘The United States and western countries banned the use of Russian Ruble after the Ukraine war. The value of the USD also is on the decline. Taking this opportunity, China can globalise its currency Yuan.’ Ming-tong made a striking claim that this war could help […]
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Moscow: Russian President Vladimir Putin retorted ‘Many Western countries have decided to freeze Russian funds and assets. But the decision has resulted in the USD and Euro biting the dust.’ Putin has repeatedly questioned the USD’s credibility and has appealed to find an alternative for it. But the Russian President seems to have delivered a […]
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Washington: The United States and the other western countries have frozen the Russian foreign exchange reserves to the tune of $300 billion. The International Monetary Fund (IMF) warned that some western countries might reconsider the share of USD within their foreign reserves following this action. A leading US think tank has highlighted this issue and […]
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Moscow/Washington: – The Russian Finance Minister has accused those Western countries are making frantic efforts to ensure that Russia does not repay the loans taken from foreign countries, after which the country would be declared a defaulter. Finance Minister Anton Siluanov warned that Russia will not fall prey to these tactics and will repay the […]
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Riyadh/Beijing: – Saudi, which has been selling crude oil only against the USD for the last five decades, has started preparations to start selling oil against the Chinese Yuan. Detailed discussions are being held between China and Saudi for this purpose. If the talks are fruitful, it will be a significant jolt for the USD […]
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Beijing/Rome/Washington: – Chinese Foreign Minister Wang Yi appealed that China is not a part of the Russia-Ukraine conflict. Therefore, no sanctions should be imposed against China concerning it. The United States and European countries have started pressurising China to stop assisting Russia. US National Security Advisor Jake Sullivan met senior Chinese leader Yang Jiechi as […]
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