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IMPACT OF SANCTIONS ON ROUBLE
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...- Putin's 'Russian Davos' opens with US guests as economy slows and war drags onRussia hosts its premier investment forum in Saint Petersburg. The event includes prominent figures from the United States and Germany. Thi...
- How US sanctions on Russian oil majors will impact the rouble and economyAmid escalating tensions, the United States has rolled out new sanctions targeting Russian oil corporations Rosneft and Lukoil. These sanct...
- Rupee-rouble rule: RBI clears path for faster India-Russia paymentsAmid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move...
- Russian central bank hikes rates by 350 bp to 12% in extraordinary meetingThe Russian central bank increased its key interest rate by 350 basis points to 12%, in an emergency meeting to try and stop further deprec...
- From Russia (for crude), with rupeesEnsuring Russian oil supply is critical for the rupee-dollar exchange rate that determines the bill for Indian energy imports from traditio...
- Several exporters get pending payments for shipments to Russia; remaining under works“DGFT had shared that information with Department of Financial Services (DFS). About 60 per cent of the exporters have received their payme...
- RBI discusses trade payment option with Russian banksBankers as well as regulators sense that the nature of sanctions in response to Russia's invasion of Ukraine are more serious compared to t...
- European shares rise on defensive buying as Ukraine worries deepenThe pan-European STOXX 600 index was up 0.2% with utilities and consumer staples in the lead. Material stocks fell 0.3%, limiting the index...
- India to study sanctions impact on trade settlement with RussiaRussia's exported $6.9 billion worth of goods to India in 2021, mainly mineral oils, fertilisers and rough diamonds, while India's exports ...
- Always exploring all possibilities in global energy markets: IndiaAt a media briefing here, Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi did not give a direct reply to a question on wheth...
- A case for reviving the Rupee-Rouble tradeRussia’s aviation authority revealed on March 10 that the Chinese refusal has come after the Boeing and Airbus halted supply of aircraft co...
- Putin aims to avert defaults with Rouble payment to creditorsThe decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from "countries that engage in hos...
- With fast-weakening rouble and fears for future, Russians rush to shopRussians are bracing for an uncertain future of spiraling inflation, economic hardship and an even sharper squeeze on imported goods. Citie...
- No challenge in selling from Russian oilfields, says ONGCOil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that ...
- Russian rouble slides further after ratings downgradesOvernight Fitch said that U.S. and European Union sanctions prohibiting any transactions with the Bank of Russia would have a "much larger ...
- Russian banks' exclusion from SWIFT to hurt Indian oil companiesState-run ONGC, Oil India, Indian Oil, and BPCL have investments in multiple Russian oil and gas fields, with some fields permitting stakeh...
- SWIFT exclusion to affect Russia's tradeThe US and the European Commission on Saturday issued a joint statement to exclude some Russian banks from the SWIFT messaging system. TOI ...
- Indian companies plan payment in roubles to get around US sanctionsAt present, all diamond purchases are done in US dollars and the government is trying to use other currencies for trading with countries th...
- India, Russia weigh rupee-rouble trade for defence dealsFinancial sanctions by the US have hit India’s arms trade with Russia hard, with payments for weapons and equipment worth over $2 billion g...
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