Tag Archives: dollar

The prestige of the US dollar and the euro has been “greatly shaken” by anti-Russia sanctions, which now drive more and more countries to switch to national currencies in settlements with foreign partners, according to Dmitry Peskov, press secretary of the Russian President Vladimir Putin. “Indeed, against the backdrop of …

A top US national security official has called on India to scale back its economic and military ties with Russia, warning of “consequences” for any nation that helps Moscow avoid a recent wave of Western sanctions.  Speaking to reporters after meeting with Indian officials on Thursday, Washington’s deputy national security …

Sanctions against Russia could undermine the global dominance of the US dollar, according to Gita Gopinath, the first deputy managing director of the International Monetary Fund. “The dollar would remain the major global currency even in that landscape but fragmentation at a smaller level is certainly quite possible,” Gopinath said …

The Indian government is reportedly considering Moscow’s proposal to turn to the Russian payment system, which allows direct rupee-ruble transfers in bilateral trade. The mechanism developed by the Russian central bank is expected to boost commerce between the two countries by avoiding dollar-denominated trade, and allow the world’s third biggest …

Global economies will be rethinking how safe it is to rely on the US dollar in their foreign currency holdings, the deputy head of the International Monetary Fund, Gita Gopinath, said on Tuesday. The statement comes after half of Russia’s forex holdings were effectively confiscated by international financial institutions amid …

Russian President Vladimir Putin said on Wednesday that Western sanctions against his country have dealt a large blow to public trust in the two major Western currencies. Many US allies have joined together to impose sweeping restrictions on Moscow in response to its ongoing military offensive in Ukraine. Putin argued that the penalties showed …

Russia’s coupon payment on a sovereign bond maturing in 2029 has been processed by correspondent bank JPMorgan Chase, Reuters reported on Tuesday, citing sources. The country was due to make a $66 million payment to bondholders on Monday on the bond. According to a source familiar with the situation, JPMorgan …

The United States has violated the major principles of the capitalist market economy and is poised to break the global political and economic order, Wang Zaibang, a senior researcher at China’s Taihe Institute, told Russia’s RIA news agency on Thursday. According to the expert, Saudi Arabia and the US’ other …

India is in search of efficient tools to skirt around the latest penalties imposed on Russia over the conflict in Ukraine, as New Delhi looks to keep trade with Moscow going, Indian media reports. Among the options reportedly being considered are making settlements via foreign financial institutions that don’t operate …

For months now we’ve been hearing Washington ring alarm bells regarding what they have cited as an “imminent Russian invasion of Ukraine.” According to the latest so-called US “intelligence,” a full-scale invasion would take place this week. Yet, as some of us have for months insisted would be the case, …