Russia Overtakes Saudi Arabia As China’s Top Oil Supplier
A new report from Reuters has stated that Russia has overtaken Saudi Arabia as China’s top oil supplier by supplying 1.98 million bpd of Russian crude oil in May.
Russian Central Bank Considering Bitcoin Payments For International Settlements
After Russian President Vladimir Putin openly questioned the central bank’s suggestion to ban cryptocurrency, the head of the Russian Central Bank, Elvira Nabiullina, suggested considering Bitcoin payments for international settlements.
UAE Bans Exports Of Indian Wheat
Due to severe disruptions in global food supplies as a result of the Russia-Ukraine conflict, the UAE has banned exports of Indian wheat and is working to ensure domestic supply.
Is India The Biggest Winner Of Ukraine War?
A combination of underlying international power shifts, with China and Russia at odds with the United States and the West, has placed India in a favorable position to reap the benefits making India the biggest winner of the Ukraine war.
Top Russian Social Media VK Executives Found Dead In Siberia
A Russian social networking firm, revealed that two of its senior executives died on a trip. The two who died were top Russian social media executives of VK who were found dead in Siberia.
Russia’s Role In The Global Economic Order
The recent sanctions placed on Russia have proven that the role it plays in the global economic order is much greater than is commonly thought.
Modern Ukraine Was Built On An Anti-Russia Foundation, But A Large Part Of The Country Refused To Play Along
Ukrainian elites began to lean toward nazification well before the crisis of 2013-2014. Even modern Ukraine was built on an anti-Russia foundation, but a large part of the country refused to play along with it and led to a volatile situation.
Turkey Rejects India’s 1.5 Million Ton Wheat Consignment After Detecting Rubella Disease
The MV Ince Akdeniz, which carried a consignment of 1.5 million tons of wheat and hailed from India, was rejected by Turkey after the detection of Rubella disease.
Russia Actively Discussing The Use Of Cryptocurrency In International Trade
The Russian tax office suggested in April that legal businesses in the country be allowed to receive Bitcoin and other cryptocurrencies as payment in international trade transactions. Now there’s further attention on it as Russia is actively discussing the use of cryptocurrency in international trade.
Russian Oil Saves Sri Lanka From Energy Crisis
Considering that Sri Lanka owes more than $50 billion in foreign debt, it remains uncertain how it compensated for the Russian crude. But the deal has been done as Russian oil is saving Sri Lanka from an energy crisis.