Russian President Vladimir Putin scored a public relations victory on the second day of the BRICS summit in Kazan, Russia, by embracing Chinese dictator Xi Jinping and Indian Prime Minister Narendra Modi — a photo opportunity that sent the message that Western efforts to diplomatically and economically isolate Russia for invading Ukraine have failed.
The collapse of Russia and China’s currencies shows why a potential BRICS currency is not a threat to the U.S. dollar, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Gas rationing in Europe may be coming down the pike should Vladimir Putin follow through on his threat to cut off supplies to those who refuse to pay Russia in rubbles, the European Union’s energy commissioner has warned. This week,
Around half of the European customers of Russian energy giant Gazprom have opened euro-ruble accounts, according to Russia’s Deputy Prime Minister Alexander Novak.
Germany was the largest customer of Russian energy of any country during the first two months of the invasion of Ukraine, a study found.
We are witnessing the potential destruction of globalization and the fragmentation of the global economy into competitive but somewhat isolated trading groups.
Nigeria will consider conducting trade with Russia in national currencies, i.e., in Russian rubles, “if necessary,” Nigerian Ambassador to Moscow Abdullahi Shehu told Russia’s state-owned Sputnik news agency on Thursday.
BRUSSELS (AP) – President Vladimir Putin’s threat to have “unfriendly” countries pay for Russian natural gas exports only in rubles from now on got the not-so-friendly treatment from European Union nations Thursday.
