Source link The yuan and ruble are now used in 90% of transactions between the two countries, Yury Ushakov says Russia and China have brought the share of mutual trade settlements in the national currencies to 90%, Yury Ushakov, a senior foreign policy aide to Russian President Vladimir Putin, said on Thursday following a phone […]
Source link Transactions between the two Asian countries are growing despite diplomatic friction Trade between India and China has hit a historic high of $136.2 billion, Beijing’s envoy stated at a function in New Delhi on Wednesday, suggesting that over the past year, relations between the neighboring states have gained “positive momentum.” Bilateral trade grew […]
Source link Brussels is reportedly conducting an assessment of potential economic damage, should the Republican return to the White House The EU is bracing itself for a possible trade war with the US if Donald Trump wins the presidential election in November, Bloomberg reported on Wednesday, citing an anonymous official within the bloc. The European […]
Source link The share of national currencies in the EAEU’s trade currently amounts to 90%, according to Russian Prime Minister Mikhail Mishustin The share of national currencies in mutual settlements among the countries of the Eurasian Economic Union (EAEU) has reached 90% and is still growing, Russian Prime Minister Mikhail Mishustin revealed on Friday. The […]
Source link The bloc intends to turn the Trans-Caspian transport corridor into a “cutting-edge” route to Central Asia The EU plans to raise up to €10 billion ($10.8 billion) in investment to create a transport corridor to Central Asia through the South Caucasus and Türkiye that bypasses Russia, the European Commission announced on Monday at […]
Source link Russia is not the only major economy to use the Chinese currency for trade settlements as more and more nations seek alternatives to the greenback When Russia’s foreign exchange reserves were frozen and the country was cut off from the SWIFT messaging system in light of the Ukraine conflict, Moscow turned to other […]
Source link Russia’s trade with African countries continued to rise in 2023, according to the latest report by the Federal Customs Service (FCS) released this week. Exports to Africa jumped to $19.8 billion in the first 11 months of last year, up from $12.9 billion for the same period of 2022, the report shows. Russian […]
Source link Turnover with Brazil nearly doubled in December as the South American country ramps up imports of commodities from Moscow Trade between Russia and Brazil surged to record volumes in December despite Western sanctions as fellow BRICS countries continue expanding economic ties, RIA Novosti reported this week. Turnover between the countries nearly doubled year-on-year, […]
Source link Membership in the group will “help reduce the Western dominance generally,” Muda Yusuf told RT The prominent Nigerian economist claimed that BRICS memberships are a “win-win situation.” On Tuesday, speaking during an exclusive interview to RT, Muda Yusuf, the CEO of the Nigerian Center for the Promotion of Private Enterprise, said a lot […]
Source link The prime minister has inaugurated the 10th edition of the Vibrant Gujarat Summit in his home state ahead of national elections India’s Prime Minister Narendra Modi has on Tuesday inaugurated the Vibrant Gujarat Global Summit 2024 in Gandhinagar, state of Gujarat, where he served as chief minister from 2001 until 2014. UAE President […]
Source link Beijing has been actively investing in manufacturing to support the economy in light of the real-estate crisis China’s decision to focus its economic efforts on manufacturing could provoke a new trade war with other global industrial powers, Bloomberg analysts warned on Monday. With growth dampened by economic troubles such as the lingering effects […]
Source link Geopolitical pressure speeds up transition to multipolarity, the Valdai Discussion Club expert Ivan Timofeev said Politicization of international commerce by the West incentivizes other nations, including Russia and India, to speed up their transition to alternative financial mechanisms that are not controlled by the US and its allies, political expert Ivan Timofeev told […]
Source link The trend should continue once Cairo finalizes a free trade deal with the Eurasian Economic Union, Aleksey Tevanyan says Trade between Russia and Egypt is set to top $7 billion by the end of the year, Aleksey Tevanyan, Russia’s trade representative in the North African country, told RIA Novosti in an interview published […]
Source link There is significant enthusiasm for a new transport link between Russia and India, Moscow’s top diplomat has said A decline in Western economic clout means it is natural for emerging economic powers to develop new trade infrastructure to meet their growing needs, Russian Foreign Minister Sergey Lavrov has said. The diplomat was speaking […]
Source link Russia’s trade minister has welcomed an upcoming milestone in economic ties with India, while meeting the country’s top diplomat, currently on a four-day visit to Moscow and St. Petersburg. Industry and Trade Minister Denis Manturov told External Affairs Minister Subrahmanyam Jaishankar that despite the challenges faced by both countries, economic ties are developing […]