Russia Nears Full Shift To National Currencies In Trade With India And China

Russia has transitioned almost entirely to conducting trade settlements with India and China in national currencies, effectively bypassing the US dollar, TASS reported.According to Deputy Prime Minister Alexander Novak, between 90 and 95 per cent of financial transactions with both countries are now executed in roubles, yuan, or rupees. The shift, he explained, was not a deliberate policy

October 27, 2025
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Indian Refiners Brace For Supply Shock As US Sanctions Target Russian Oil Giants

India’s refiners are facing a sudden supply crisis following fresh US sanctions on Russia’s key crude exporters, Rosneft and Lukoil, which threaten to severely restrict oil flows to Asia’s third-largest economy.The move, aimed at tightening pressure on Moscow, could disrupt an estimated 3.1 million barrels per day of global crude trade, of which nearly one million barrels were flowing into

October 25, 2025
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India Stands Firm On Trade Talks, Goyal Signals No Rush For US Deal

Commerce Minister Piyush Goyal has made it clear that India will not rush into any trade agreement, reaffirming New Delhi’s cautious approach to negotiations with Washington.Speaking in Berlin on Friday, Goyal emphasised that India views trade partnerships as long-term commitments rooted in mutual respect and trust, not as quick or pressured arrangements.He stated that India “does not enter into

October 25, 2025
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White House Reiterates Claim India Scaling Back Russian Oil Purchases At President Trump’s Request Amid New US Sanctions On Russia

The White House, through Press Secretary Karoline Leavitt, has once again claimed that India, along with China, has begun reducing its purchases of Russian oil following a renewed round of hefty US sanctions on Moscow’s energy sector.Leavitt stated during a White House press briefing that this action by India and China is in response to a direct request from US President Donald Trump, who has

October 24, 2025
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