A mechanism allowing the switch to domestic currencies is expected to be operational this week. A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told CNBC on Wednesday. The arrangement would allow India and Russia… Continue reading India ready to bypass dollar in trade with Russsia
Russian Stock Market Closed for the Fourth Day Due to War in Ukraine Issues – The Russian stock market will stay closed for a fourth consecutive day, according to a statement from the Russian central bank. It comes as Russia faces continued serious financial woes, with Russian citizens lining up to withdraw their savings from major national… Continue reading So many sanction, is The Russian Economy Slowly Dying?