On Monday, in a significant development, Russian Finance Minister Anton Siluanov said, Moscow will initiate legal steps if the United States tries to force it to default on its sovereign debt. “Of course we will sue, because we have taken… Read More ›
Day: April 11, 2022
Russia’s SWIFT alternative SPFS gaining traction
In a significant development that marks the de-dollarization in the global economy, Russia’s finance ministry said, Moscow has called on the BRICS countries to extend the use of national currencies and integrate payment systems. Western sanctions have weighed down the… Read More ›
Germany’s economic growth could fall to 1.4% in 2022: Labor Minister
In an interview with Bild am Sonntag, Germany’s Labour Minister Hubertus Heil said, Germany’s economic growth could fall to 1.4%-1.5% in 2022, down from 2.7% from the previous year. “We will still be growing,” said Heil. “But this all subject… Read More ›