The ruble has surged on Wednesday after the announcement that payments for gas exports to certain Western countries will be switched to Russia’s domestic currency. The Russian currency immediately rose to a three-week high of 95 rubles against the dollar, before settling below 100. It also gained 3.5% against the …
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Anatoly Chubais has resigned from his position as the special presidential aide for sustainable development and left Russia. The move by Russia’s economist and long-time official was confirmed by Kremlin spokesman Dmitry Peskov on Wednesday. According to a Bloomberg report citing two sources familiar with the situation, the decision was …
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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 …
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Russia’s special military operation during the ongoing Ukrainian crisis and, more broadly, its conflict with the West hardly seems to change the fabric of India-Russia bilateral relations dramatically. A time-tested special and privileged strategic partnership, encompassing all crucial fields related to defense and security issues as well as political and …
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A number of people were hospitalized with breathing difficulties in London on Wednesday, after a chemical reaction caused a release of poisonous chlorine gas at a swimming pool. Residents nearby were asked to close their windows as firefighters ventilated the toxic fumes. Workers at the London Aquatics Center at Queen …
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The top diplomat warned that if NATO agrees with Poland’s proposal to deploy peacekeepers to Ukraine, the move could trigger a military conflict between the alliance and Moscow. “Our Polish colleagues have already stated that there will be a NATO summit now, and peacekeepers should be deployed. I hope they …
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Russia will now accept payment for gas exports to “unfriendly countries” in rubles only, President Vladimir Putin said at a meeting with the government on Wednesday. The president explained that Russia plans to abandon all “compromised” currencies in payment settlements. He added that illegitimate decisions by a number of Western …
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US Treasury Secretary Janet Yellen will meet this week with a bipartisan group of senators to discuss the opportunity of freezing Russia’s $132 billion in gold reserves, an American news website Axios reports. “Secretary Yellen regularly meets with members of Congress to discuss legislation. Additionally, Treasury staff frequently provide technical …
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Chinese Foreign Ministry spokesman Wang Wenbin commented on Wednesday on potential plans of the US and Western allies to kick Russia out of the G20 in the wake of its military offensive in Ukraine. “G20 is the main forum for international economic cooperation, bringing together the world’s major economies. Russia …
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The EU has approved an agreement with Ukraine under which they will be able to provide classified information to Kiev, Bloomberg reported on Wednesday, citing anonymous sources. It said satellite images are one example of what would be shared. The agreement will last for a year and could be renewed …
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