Russian President Vladimir Putin issued a decree establishing a new payment system for Russian gas by non-friendly countries beginning April 1. Here's Russia’s gas-for-rubles payment schedule explained.
A notification from the RBI has announced that India now allows international trade settlement in Rupee with Russia, Sri Lanka, and other nations.
According to reports, a boat or underwater drone may have buried mines close to the pipelines months or even years ago. And these remote-controlled explosives are likely behind the Nord Stream leaks.
The US Maritime Administration of the Department of Transportation has approved Enterprise's Sea Port Oil Terminal's proposal to build a huge Gulf oil terminal.
Despite exempting several sectors from sanctions, the US is warning India that increased trade with Moscow will result in grave repercussions. Yet, Indian firms have begun the process to accept China's yuan for their exports.
On the Russian exchange, the US dollar was trading higher than the euro. This renders the dollar stronger than the euro for first time in 20 years.
The war against Syria is an attempt by the West to maintain control over the world. Now, Syria is demanding compensation for oil and gas stolen by the United States at the UN.
According to Bloomberg, China and India are buying Russian crude at a 40% discount, and Moscow may be losing $4 billion in energy earnings every month as a result of its war in Ukraine.
French presidential candidate Marine Le Pen in a recent interview said that Americans are indifferent to the ordinary French people and their predicament and that the US should compensate France for losses if the EU bans Russian gas.
The U.S. dollar is used by nations for international transactions because it is a stable currency that is easily convertible all over the globe and because resources like oil are priced in dollars. However, will the US dollar be replaced with BRICS currencies in the near future?