Last September, I had argued why “a war of arms and a peace of commerce cannot co-exist”. This is a follow up to that and events of the last 2 years sadly reinforce the point. With Russia’s GDP (troublingly) growing by 3.6% in 2023, Putin is overseeing the fastest-growing G7 economy with unemployment at an...
Russia had to settle for the Chinese Yuan while receiving payments from India for its energy exports as Moscow found the Indian Rupee to be ‘volatile’, Sergey Luzyanin said Dirham, the currency of the United Arab Emirates, could be considered for India-Russia trade, a leading Russian economic commentator said on Wednesday. Speaking at an interaction of...