Brussels/Moscow – Slovakians and Hungary, members of the European Union (EU) have refused to accept the proposed sanctions by the EU on oil from Russia. Slovakia has demanded a timeline of minimum three years to shift to an alternative for Russian fuel. In contrast, Hungary has refused the oil embargo stating that it is not […]
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Oslo: Russia is benefitting from the skyrocketing fuel prices in Europe and Asian countries. Rystad Energy, a Europe based thinktank, claimed that the Russian revenue from fuels would cross $180 billion for this year given this. As per the thinktank, the Russian fuel revenues have grown by a whopping 45% as compared to 2021 and […]
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Moscow: Russia’s Foreign Minister Sergey Lavrov said that if Israel is being sympathetic toward Ukraine’s President Volodymyr Zelensky for his Jewish origin, then Hitler also had Jewish blood. This comment from Russia is in reaction to Israel’s decision to provide military assistance to Ukraine. The statement of Russia’s Foreign Minster indicates that people of Jewish […]
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Helsinki: The United States and European countries are pressurising India to give up its nonaligned stand regarding the Russia-Ukraine war and take a stand against Russia. A US official had threatened India with the imposition of sanctions if India did not stop purchasing fuels from Russia. India exposed the dual-faced policies of the United States […]
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Washington: If the Chinese government intends to make its currency Yuan the global reserves currency, they have to implement more reforms. The International Monetary Fund (IMF) advised that China will have to lift restrictions on the capital marketplace and decide to make the currency fully convertible. Gita Gopinath, the Chief Economist at the IMF, gave […]
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Moscow: Nikolai Patrushev, secretary of the Russian National Security Council, attracted the world’s attention by announcing that the Russian currency Rouble, will soon be linked to gold and other essential commodities. Patrushev said that Russian experts are working on the plan. The Russian Central Bank currently has a reserve gold stock of 2,000 tonnes. Russia […]
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Moscow/Brussels: Russia has realised the warning of an equivalent retaliation against the western sanctions. Russia stopped fuel supplies to Bulgaria and Poland, both members of the European Union. Both these countries had refused the Russian proposal to pay in the Russian currency Rouble for the fuels purchased. After that, Russia stopped fuel supplies to these […]
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Tashkent: Russia will be stressing transactions in the national currency with its trading partners. Denis Manturov, Minister of Industry and Trade of the Russian Federation, appealed that these countries also should reduce the use of USD and Euro. ‘Russia has organised an international Trade Fair’ in Tashkent, the capital of Uzbekistan. The Russian Trade Minister […]
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Moscow: The Russian Central Bank’s use of the digital Ruble is a priority plan. Elvira Nabiullina, Governor of the Russian Central Bank, indicated that preparations are being made to start using the following year in Russia. Nabiullina said that efforts are being made to increase the use of Mir Banking Cards and digital Ruble even […]
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Washington: ‘I cannot reveal what the Indian soldiers did at the Galwan Valley and the government’s decisions. But I can definitely say that a message has gone to China that India will not spare anyone, if India is harmed,’ Indian Defence Minister Rajnath Singh said while addressing Indians in the United States. Besides, he said […]
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