A notification from the RBI has announced that India now allows international trade settlement in Rupee with Russia, Sri Lanka, and other nations.
Before beginning the operation in Ukraine, Russian President Vladimir Putin called the Security Council’s final meeting, and one Kremlin hawk appeared to rule the room. This is the man who wants Putin’s job.
A new decree which offers full citizenship to all Ukrainians angered the Ukrainian government and was signed by Putin, leading to speculation that one of Putin’s military objectives is the complete annexation of all areas captured by Russian forces.
India’s payment to Putin’s government is still far less than that of China. Let’s take a look at exactly what India and China are spending on Russian oil in the present market.
India and Russia have been brought even closer due to the sanctions regime and trade disputes that happened as a result of the Ukraine crisis.
Due to geopolitical concerns and exorbitant costs, Gazprom has abandoned the construction of a gas pipeline to India and Japan.
Alaska was colonized by Russia in the late 1700s, but the US purchased the land in 1867. Now, Russia has threatening to claim Alaska if the US continues to seize Russian resources.
UltraTech Cement India’s largest cement maker is circumventing the US dollar using Yuan for a Russian coal deal, challenging the dominance of the U.S. dollar in global trade.
The decision by Russia to transfer ownership of Sakhalin-2, one of the largest LNG projects in the world, might kick out the West from key energy deals as a reply to the sanctions.
