Russian forex reserves surging despite Western sanctions – Bank of Russia reports

Russian forex reserves surging despite Western sanctions – Bank of Russia reports

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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Global fuel market faces massive changes due to Western sanctions against Russia – media and thinktanks allege

Global fuel market faces massive changes due to Western sanctions against Russia – media and thinktanks allege

Moscow: The US media has reported that the global fuel market is undergoing major changes due to the sanctions imposed on Russia by Western countries after the beginning of the Russia-Ukraine conflict. The report said that Russia is now exporting large quantities of fuel to Asia and other regions instead of the West, which will […]

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The West needs to warn China of serious consequences to ensure Taiwan’s security, ex-NATO chief appeals to US & European countries

The West needs to warn China of serious consequences to ensure Taiwan’s security, ex-NATO chief appeals to US & European countries

Taipei: The US and European countries have adopted a lenient stand against China. Like Russia attacked Ukraine, China can also attack Taiwan. Hence for Taiwan’s security, democratic governments should proactively impose economic sanctions against China to not repeat the mistake made in the case of Russia. Anders Rasmussen, former NATO chief, appealed to provide military […]

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New Russia-Iran trade route opens, bypassing Western sanctions

New Russia-Iran trade route opens, bypassing Western sanctions

Moscow: The International North-South Transport Corridor (INSTC), a trade route connecting Russia and Iran through the Caspian Sea, has become operational. It will provide a major impetus to the trade cooperation between Russia and Iran. US-based newspaper Bloomberg has claimed that this trade route will circumvent Western sanctions imposed on Russia-Iran. The newspaper reported that […]

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Russia creates a ‘Shadow Fleet’ of more than 100 oil tankers to bypass Western sanctions and price cap – a UK daily claims

Russia creates a ‘Shadow Fleet’ of more than 100 oil tankers to bypass Western sanctions and price cap – a UK daily claims

Moscow: While imposing a price cap on Russian crude oil, the Western alliance, along with the European Union, has decided to stop seaborne imports of Russian crude oil. It came to light that Russia has created a ‘shadow fleet’ of more than 100 oil tankers to circumvent these sanctions imposed by the West. Leading UK […]

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Reduction possible in oil production by OPEC Plus countries following fuel price cap on Russian fuels

Reduction possible in oil production by OPEC Plus countries following fuel price cap on Russian fuels

Washington/Moscow/Vienna: Western countries have approved a proposal to keep the price of crude oil exported from Russia at 60 dollars per barrel. G7, European Union and Australia announced this on Friday. US Treasury Secretary Janet Yellen responded that this decision would cut off the flow of funds to Russian President Vladimir Putin’s conflict in Ukraine. […]

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12 more countries could be inducted in BRICS – Russian Foreign Minister Sergey Lavrov

12 more countries could be inducted in BRICS – Russian Foreign Minister Sergey Lavrov

Moscow: Strong moves are being made to expand BRICS, the association of Brazil, Russia, India, China and South Africa. Russian Foreign Minister Sergey Lavrov expressed the possibility of nearly 12 more countries being inducted into BRICS. The Russian Foreign Minister said that these include countries like Algeria, Argentina and Iran. Against the background of the […]

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Russian fuel export rises despite Western sanctions – Bloomberg claims

Russian fuel export rises despite Western sanctions – Bloomberg claims

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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Russia and China are building BRICS as an alternative to Western G7, German newspaper warns

Russia and China are building BRICS as an alternative to Western G7, German newspaper warns

Berlin: A meeting of the G7 countries, consisting of the most developed and rich countries in the world, was recently held in Germany. The conflict in Ukraine and its aftermath were discussed in the meeting. The G7 has not had much success in resolving the crisis that has befallen European countries, which are facing direct […]

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