Skip to main content

More Cracks On Russian Sanctions

 

CNBC: India’s rupee-ruble trade arrangement with Russia may be ready in a week, says export body chief 

* India’s finance ministry and the Reserve Bank of India have not commented so far on the mechanism, which would let Indian exporters continue their business with Russia even after Western sanctions restricted international payment mechanisms. 

* There have been consultations between the central bank governor, the finance minister and banks, said A Sakthivel, president of the Federation of Indian Export Organisations. 

* However, continued trade with Russia risks angering Western nations, including the U.S., which have imposed sanctions on Moscow for its attack on Ukraine. 

India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters’ association told CNBC’s “Street Signs” on Wednesday. 

The so-called rupee-ruble trade mechanism could come as early as next week, according to A Sakthivel, president of the Federation of Indian Export Organisations (FIEO).  

Read more ....  

Update #1: Russian oil sale to India complicates Biden’s efforts (Al Jazeera)  

Update #2: India buys 3 million barrels of Russian oil: report (The Hill)  

WNU Editor: India and China are not the only countries buying Russian oil .... Not just India & China, many European nations too: Who all are still buying Russian oil? (Times of India).



from War News Updates https://ift.tt/6XjOa4v
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US And Russian Chiefs Of Staff Discuss Ukraine In Rare Phone Call

U.S. Chairman of the Joint Chiefs of Staff Gen. Mark Milley (left) and his Russian counterpart Valery Gerasimov (file photo)   The Hill: Milley speaks with Russian counterpart for first time since start of war   Chairman of the Joint Chiefs of Staff Gen. Mark Milley spoke with his Russian counterpart on Thursday, the first such conversation between the two since the Kremlin’s invasion of Ukraine began in late February, according to the Pentagon.  Milley spoke by phone with Valery Gerasimov, chief of the Russian general staff, and they “discussed several security-related issues of concern and agreed to keep the lines of communication open,” Joint Staff spokesperson Col. Dave Butler said in a readout of the conversation.  The Pentagon did not provide further information on the conversation.   Read more ....   WNU Editor: So much for the reports last week that Chief of the General Staff of the Armed Forces of Russia Valery Gerasimov was fired b...
Post a Comment
Read more

Is Putin's Inner Circle Already In Discussions On Who Is Going To Replace Him?

Russian President Vladimir Putin leads a meeting on economic issues in Moscow on Monday. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP)   Daily Beast: Putin’s Own Men Are Already Discussing Who Will Replace Him   Three months into Vladimir Putin’s bloody “special operation” in Ukraine, his own men in the Kremlin are reportedly discussing who will replace him.  That’s according to new reporting by the independent news outlet Meduza, which cited several sources close to the Russian presidential administration who said officials are increasingly fed up with Putin personally.  Some of Putin’s own allies within the Kremlin walls have reportedly floated the idea of Moscow Mayor Sergei Sobyanin becoming his successor, or former President Dmitry Medvedev, who is now the deputy chairman of the Security Council. Sergei Kirienko, the first deputy chief of staff of the presidential administration, was also said to have been discussed as a contender.   Read mor...
Post a Comment
Read more

China's shipyard CSSC launches 1st Pakistani Hangor class submarine PNS Hangor

  According to information published by the Pakistani MoD on April 26, 2024, the Hangor class submarine PNS Hangor was launched by the Chinese shipyard CSSC. This submarine is a part of the Hangor-class, which itself is based on the Yuan-class Type 039B submarines provided by China. Read full news at this link Hangor class submarine PNS Hangor. (Picture source: Pakistani MoD) Read more from World Defence News https://ift.tt/dgQWhs7 via IFTTT
Post a Comment
Read more