As per two Russian sources, Moscow plans on keeping the contract currency for gas exports to Europe unchanged but will seek final payment in roubles as one of the options to switch the currency of gas trade. “Only payment currency… Read More ›
Geopolitics
Gazprom studying options for halting LNG supplies to unfriendly countries
As per a report by Russian daily Kommersant, Russian energy giant Gazprom is weighing options to halt gas supplies to “unfriendly” countries and is evaluating possible consequences. Earlier, Russian President Vladimir Putin has said, Moscow will soon require “unfriendly” countries to… Read More ›
Economic sanctions on Russia will dilute USD dominance in global trade: IMF
In a significant development, Gita Gopinath, the IMF’s First Deputy Managing Director, said, Western sanctions against Russia threaten to gradually dilute the dominance of the U.S. dollar and is likely to result in a fragmented international monetary system. “The dollar… Read More ›
Largest Chinese Banks Say Near Future Times Are Tough
The pandemic, global politics, and internal turbulence in the real estate business are among the challenges facing China’s lenders this year, according to five of the country’s top banks. In its annual results report on Wednesday, the world’s largest lender,… Read More ›
Pressure In Short Term Increasing Due To 20% Hike In Costs Of Battery Cell, Says Tata Motors
Because of a global jump in raw material prices, primarily lithium, Tata Motors, India’s top-selling electric manufacturer, stated the cost of battery cells had climbed by roughly 20%, placing pressure on the company in the short term. Cell prices have… Read More ›
Tackling Of Energy Affordability Critical To Reduce Poverty And Economic Stagnation, Warns UAE Energy Minister
Inflation has risen over the world as a result of rising energy prices, triggering cost-of-living difficulties in both established and emerging economies. Al Mazrouei expressed worry at the World Government Summit in Dubai, UAE, that the global focus on geopolitics… Read More ›
Reasons Of India Lapping Up Cheap Russian Oil Amid Ukraine Crisis
As Western sanctions intensify, Russia is looking for new markets for its oil exports, and India has been taking advantage of lower prices to increase imports from the country. Although these oil supplies do not breach sanctions, the US has… Read More ›
Consumer Lending In The UK Is Surging, Thanks To Record Credit Card Borrowing
According to figures from the Bank of England, consumer lending increased by the most in nearly five years last month, thanks to a record increase in credit card borrowing, which analysts believe could be an indication of the growing cost-of-living… Read More ›
ECB Is Willing To Create A Money Exchange For Ukrainian Refugees With EU Guarantee
According to a document of the European Central Bank, the ECB is prepared to organise a programme allowing millions of Ukrainian immigrants to exchange their hryvnia money for euros if the EU provides the bank with a guarantee that would… Read More ›
Japan To Stop Export Of Precious Stone, Including Gold, To Russia
In response to Russia’s invasion of Ukraine, Japan’s Ministry of Finance (MOF) announced on Tuesday that it will prohibit the shipping of precious metals, particularly gold, to Russia starting in April. The restriction on Russia-bound precious metals by Japan underscores… Read More ›
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