Mumbai: Indian warships INS Surat and INS Udaygiri have been inducted into the naval force. Defence Minister Rajnath Singh expressed confidence that these warships would augment the strength of the Indian Navy. Defence Minister Rajnath Singh said that these indigenously built warships at the Mazagon Docks in Mumbai truly exhibit India’s self-reliant capability to the […]
Read More »
Paris/Moscow: As the energy crisis in Europe worsens due to the ongoing Russia-Ukraine conflict, it is reported that France, one of the leading countries, is hit by a 50% reduction in its nuclear power generation. Nearly 56 nuclear plants in France are in shutdown due to security and maintenance reasons, causing a huge energy deficit. […]
Read More »
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 […]
Read More »
Washington: India’s Finance Minister Nirmala Sitharaman, during her visit to the US, held talks with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The IMF chief has praised the performance of the Indian economy even during the turmoil and uncertainty due to the Coronavirus pandemic and the recent Russia-Ukraine war. Finance Minister Nirmala […]
Read More »
Washington/London: Although the US and UK leadership had warned to teach a lesson to Russian President Vladimir Putin by targeting the Russian economy, the maximum effects of the sanctions are being felt by the population of the United States and the United Kingdom. Inflation has flared up in both the United States and the United […]
Read More »
Moscow: It has become difficult for Russia to carry on with the trade with its friendly countries, given the harsh sanctions imposed by the United States and the western countries. The New Development Bank (NDB), started by the BRICS, has stopped Russian transactions. NDB clarified that this decision had to be taken given the uncertainties. […]
Read More »
Riyadh/Sana: The Houthi rebels targeted six Saudi cities, including the capital Riyadh. The Houthis informed that the fuel projects of Saudi company ARAMCO were targeted with drones and missiles. There was a major explosion of the fuel stock at the project in Jeddah. The military front of the Arab countries criticised that these Houthi attacks […]
Read More »
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 […]
Read More »
Paris/Moscow/London: – French Finance Minister Bruno Le Maire warned that the flare-up in the oil rates following the Russian attack on Ukraine and its consequences are similar to the Oil Shock of 1973. The French Finance Minister warned that the global economy could slow down given the situation created in the oil market. The current […]
Read More »
Moscow: Russia has started preparations to retaliate against the stringent sanctions imposed by the United States and its allies. Russian President Vladimir Putin has issued an ordinance to ban the export of important and sensitive materials. The Russian foreign department has also indicated impending sanctions and warned that action would be taken to rock Western […]
Read More »
