Russian Foreign Minister Sergey Lavrov stated on Sunday that more than $300 billion was robbed from Russia, the bulk of which was payouts for oil and gas deliveries, since energy giant Gazprom was required to deposit money in Western bank accounts.
China is undertaking significant measures to brace for possible future US sanctions, such as those placed on Russia’s financial sector, with authorities recently holding an emergency session of domestic and international institutions to discuss how the nation’s overseas assets can be best protected. To counter this, China held secret bank
According to individuals acquainted with the situation, India is set to buy stakes in offloaded western oil companies in Russia.
The sanctions placed by the US OFAC on Russian diamond producer Alrosa PJSC earlier this month have blocked the flow of Russian diamonds to India.
Cash from India and China is helping the Russian economy stay afloat as the next stage of Russia’s incursions commences. Here is how the Russia India China axis is defeating the western sanctions over 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.
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.
Due to the sanctions that ban them from flying in any other airspace more than 100 Russian jets trying to escape those sanctions is stranded in Dubai.
Russian finance minister says the BRICS nations should create their own SWIFT system to counter sanctions and strengthen their own national currency.