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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Moscow/Washington: – The western countries have imposed harsh sanctions against Russia to finish its economy to bring the country to its knees. Dmitry Rogozin, head of Russian space agency Roscosmos issued a stern warning that if these sanctions are not withdrawn, Russia will stop all cooperation with the western countries in the space sector. Moreover, […]
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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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Washington: – The Biden administration has again indicated the opening of the ‘Strategic Petroleum Reserves’ ban on Russian fuel imports given the Ukraine conflict and rising inflation. An announcement to that effect is expected on Thursday. This is the third time in the last five months that the United States has used the Strategic Petroleum […]
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Paris: – Fatih Birol, the Chief of the International Energy Agency (IEA), issued a serious warning that taking into account the lead position of Russia in the international energy sector, sanctions imposed against this country could trigger a global energy crisis. Many leading countries, including the European countries, are dependent on Russian fuels. The oil-producing […]
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Beijing/New Delhi: – India did not attach much importance to the visit of Chinese Foreign Minister Wang Yi during the last week. The media also did not get photographs of Foreign Minister Jaishankar shaking hands with Wang Yi. A joint press conference of the two leaders was also avoided. According to media reports, the adamant […]
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New Delhi: – Russian Foreign Minister Sergei Lavrov will be visiting India in the next few days. The intensity of the Ukraine conflict has not diminished despite completing a month. India had refused to take a stand against Russia, which attacked Ukraine. The United States and other western countries are criticising India for this. In […]
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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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Kyiv/Brussels: – Over 2.8 million Ukrainian citizens have arrived in Europe after Russia started its military campaign against Ukraine 20 days ago. More than 1.7 million refugees have entered Poland alone and fears of this number increasing further are being expressed. While the neighbouring Ukrainian countries are accepting refugees in large numbers, Germany has appealed […]
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