Biden administration asks US banks to continue working with Russia – Bloomberg report

Biden administration asks US banks to continue working with Russia – Bloomberg report

Washington/Moscow: The United States, which targeted the Russian foreign reserves and central bank, has instructed US banks to keep their operations active in Russia. The website Bloomberg claimed that this request was made by the US Treasury and the State Department. The Biden administration informed that this step was taken to avoid a major global […]

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The US dollar may soon lose its status as world’s reserve currency, a former executive at Lehman Brothers warns

The US dollar may soon lose its status as world’s reserve currency, a former executive at Lehman Brothers warns

Washington: Although the US dollar is currently at its peak, it will lose its status as a global reserve currency soon, warned Lawrence MacDonald, a former senior official at Lehman Brothers. MacDonald also cautioned that the globally used SWIFT payment system is being used as a weapon to end the dominance of the US dollar. […]

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Nuclear weapons should not be used in Ukraine conflict – Chinese President warns Russia

Nuclear weapons should not be used in Ukraine conflict – Chinese President warns Russia

Beijing: Chinese President Xi Jinping has warned that Russia should not use nuclear weapons in the Ukraine conflict. The message the Chinese President gave to Russia during his meeting with the German Chancellor Olaf Scholz is pleasing to the West. This indicates a change in China’s stand, which has been with Russia in the Ukraine […]

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US is weakening Europe militarily and economically – Russian Foreign Minister Sergey Lavrov

US is weakening Europe militarily and economically – Russian Foreign Minister Sergey Lavrov

Moscow: Russian Foreign Minister Sergey Lavrov alleged that the United States is trying to weaken Europe militarily and economically. Lavrov said that not only from Russia but also economists in Western countries are aware of this. A few months ago, US economists also claimed that the Biden administration was making moves to end Germany’s influence. […]

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G7 not capable of regulating Russian oil price – World Bank claims

G7 not capable of regulating Russian oil price – World Bank claims

Washington/Moscow: The World Bank claimed that the G7 countries alone are incapable of capping the prices of Russian oil and that participation from more countries would be needed. The World Bank report argues that such a mechanism to control oil prices is unprecedented and poses a significant risk. Against the backdrop of the World Bank […]

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Disagreement continues in Europe over putting price cap on Russian fuel – France upset over Germany’s decisions

Disagreement continues in Europe over putting price cap on Russian fuel – France upset over Germany’s decisions

Brussels: The energy crisis summit, held in the backdrop of sanctions imposed on Russia and the fuel cuts by Russia, once again showed that differences between European countries have come to the fore. The proposal to cap Russian fuel prices could not be approved at the meeting. Some countries in the European Union have maintained […]

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India-Russia bilateral trade augments tremendously – Ministry of Commerce claims

India-Russia bilateral trade augments tremendously – Ministry of Commerce claims

New Delhi: Union Ministry of Commerce informed that trade between India and Russia had increased significantly compared to last year. In the first five months of the financial year, the trade between the two countries crossed 18 billion dollars. India is buying large quantities of fuel and fertilizers from Russia. Therefore, it is said that […]

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Russia used Iranian drones in conflict with Ukraine – Iran’s Supreme Leader Ayatollah Khamenei

Russia used Iranian drones in conflict with Ukraine – Iran’s Supreme Leader Ayatollah Khamenei

Tehran: Ukraine, United States and European countries had accused Russia of using Iran’s suicide drones in the attack on Ukraine. The President of Iran, Ebrahim Raisi, had rejected these claims of the West. However, Iran’s Supreme Leader Ayatollah Khamenei has said that Iran’s dangerous drones were being used in Ukraine. Iran has supplied Shahed 136 […]

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