Moscow: In the wake of the Russia-Ukraine conflict, Western countries have imposed sanctions on Russia. Western countries claimed that these sanctions would cripple Russia’s economy and stop the Russian regime from attacking Ukraine. But in reality, information is coming out that the weapon of sanctions of the West has become useless. At the beginning of […]
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Moscow/Beijing: – Russia has turned its attention to China to counter the stringent sanctions imposed by the western countries. The Russian banks, worst hit by the western sanctions, have started using Chinese currency, Yuan. VTB, the leading Russian bank, has appealed to its customers to convert their deposits to Yuan and has even assured an […]
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Moscow: The unipolar system has begun to collapse globally, and a new multipolar system is forming. In this new world away from the dominance of the Western world, the ‘payment system’ developed by the ‘BRICS’ group will replace the existing ‘SWIFT network’, claimed senior Russian leader Igor Morozov. Morozov is a senior parliamentarian of Russia […]
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Beijing – The ruling communist government of China has informed the leading banks of the country to reduce the interest rate. Reduce the interest rate from half to one per cent, it has been said in this information, a Western newspaper has said in its news. For the second time in the last year, the […]
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Washington: Hoover Institute has warned that 2000 banks in the United States are on the verge of bankruptcy. A few days back, JP Morgan Chase announced the takeover of First Republic Bank. This was the fourth bank to have collapsed in the last three months. The failure of the First Republic may not be the […]
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Moscow: In the wake of the Russia-Ukraine conflict, Western countries are imposing sanctions on Russia, one after another. Western countries claimed these sanctions would cripple Russia’s economy and stop the Russian regime from attacking Ukraine. But in reality, information is coming out that the weapon of sanctions of the West has become useless. Russian media […]
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Washington/London/Brussels: The world’s leading central banks have again announced interest rate hikes, amid signs of a global economic slowdown. The European Central Bank, the Bank of England, and the US Federal Reserve increased interest rates. The Federal Reserve increased by 0.25 per cent, and the United States’ interest rate reached 4.75 per cent. Jerome Powell, […]
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Beijing: China’s economy has been hit hard by the frequent Covid outbreaks over the past year. In 2022, China’s economy registered a growth rate of just three per cent. This is the lowest level since 1976. China’s growth rate has fallen by more than half compared to 2021. In 2021, China had achieved a growth […]
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Washington/ Moscow: After the start of the Russia-Ukraine conflict, the United States and the alliance of European countries made plans to destroy the fuel sector, the backbone of the Russian economy. But despite the sanctions imposed on Russian fuel companies and banks and pressure on countries that buy Russian fuel, the demand for Russian fuel […]
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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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