At the recent Shanghai Cooperation Organization summit in Uzbekistan Xi told Putin that “We’re ready to team up with Russia” and the two countries performed joint naval patrols and military drills in the Pacific Ocean just hours before the conference.
Bloomberg reported that during the Shanghai Cooperation Organization summit, Putin explained how Russia and Turkey will bypass the dollar by announcing that part of the cost of Russian gas exports to Turkey will be paid in rubles.
Russia and India are set to start trade in rupees. To increase Indian exports, a new payment system has been approved.
According to the Russian newspaper Komsomolskaya Pravda, top Russian energy official Ivan Pechorin mysteriously drowned in the arctic waters near Cape Ignatiev on Russky Island.
Three months from now, an EU-wide embargo on Russian crude oil imports will kick in, shutting off almost all shipments of the commodity from Russia to Europe. But right now, Europe is importing over 1 million barrels of Russian crude daily and has been doing so for the last month.
The White House called on India and China to implement the G7’s price restrictions on Russian oil exports. Since the West started to curb energy exports from Moscow in response to the war in Ukraine, India and China have significantly increased their imports of Russian energy. On Tuesday, Moscow and
New Delhi has increased its energy purchases from Russia over the past three months, delivering substantial quantities of a variety of items in exchange. This is how the Western sanctions have brought Russia and India closer.
Pavel Zavalny, the head of Russia’s congressional energy committee, said that the nation is going to legalise the use of cryptocurrency in international trade even though President Vladimir Putin rejected the idea last year.
Although suicide bombings against foreign embassies and other international institutions have decreased since the Taliban took control, the anti-Taliban ISIS-K group has continued to carry them out. Now, a suicide blast at the Russian embassy in Kabul has killed two diplomats.