International trade
India’s rupee-ruble trade arrangement with Russia may be ready in a week, says export body chief
India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters’ association told CNBC’s “Street Signs” on Wednesday. The so-called rupee-ruble trade mechanism could come as early as next week, according to A Sakthivel, president of the Federation of Indian Export Organisations (FIEO). The […]
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European Union unlikely to impose an oil embargo on Russia, sources say
A general view of oil tanks in the Transneft-Kozmino Port near the far eastern town of Nakhodka, Russia. Yuri Maltsev | Reuters The European Union is unlikely to impose an immediate oil embargo on Russia over its unprovoked invasion of Ukraine, according to two CNBC sources with knowledge of the discussions. The U.S. decided to […]
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Russia backs down on demands in Iran nuclear deal talks, making revival of 2015 pact imminent
A picture taken on November 10, 2019, shows an Iranian flag in Iran’s Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility. ATTA KENARE | AFP via Getty Images Russia has walked back its threat to torpedo the revival of the 2015 Iranian nuclear deal over […]
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Putin’s invasion of Ukraine will knock 30 years of progress off the Russian economy
Russia’s Prime Minister Vladimir Putin addresses a rally at the Manezhnaya Square just outside the Kremlin in Moscow, late on March 4, 2012. Dmitry Astakhov | AFP | Getty Images WASHINGTON — Vladimir Putin’s unprovoked war on Ukraine and the resulting global response will set Russia’s economy back by at least 30 years — close […]
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