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Russian President said on Thursday that he had signed a decree saying foreign buyers must pay in roubles for Russian gas from April 1
Spot gold was up 0.4% at $1,941.11 per ounce by 10:45 a.m. ET. For the month, bullion was up nearly 1.8%
A Kremlin decree published by state media says unfriendly countries" can continue to pay for natural gas in foreign currency through a Russian bank that will convert the money into rubles. President Vladimir Putin talked tougher Thursday, saying Russia will start accepting ruble payments for its gas supplies from unfriendly countries" starting Friday and contracts will be stopped if buyers don't sign up to the new conditions. He says to buy gas, customers would have to open ruble accounts in Russian banks." The decree Putin signed and published by state news agency RIA Novosti says a designated bank will open two accounts for each buyer, one in foreign currency and one in rubles. The buyers will pay in foreign currency and authorize the bank to sell that currency for rubles, which are placed in the second account, where the gas is formally purchased.
The Ukrainian authorities had shut down the country's airspace for civilian aircraft after the Russian attack on February 24
Ukraine has repeatedly expressed safety concerns about Chernobyl and demanded the withdrawal of Russian troops, whose presence prevented the rotation of the plant's personnel for a time
Zelenskyy's video address at the parliament elicited a long round of warm applause, but Belgian Prime Minister Alexander De Croo reiterated the Western stance that NATO is not a party in the war
The construction of upcoming units of the Kudankulam nuclear power project is likely to be delayed due to the ongoing Ukraine-Russia conflict, the government told Rajya Sabha on Thursday. "The components and equipment to be imported from Ukraine and Russia may be delayed due to the logistical and ocean freight problems arising out of the conflict," Minister of State in the PMO Jitendra Singh said in a written reply to a question by Rajya Sabha member Abir Ranjan Biswas. The Kudankulam Nuclear Power Project (KKNPP) is being undertaken in cooperation with Russia, which is supplying 1,000 MW VVER type nuclear reactors. Two units of 1,000 MW each are already operational, while units 3&4 and 5&6 are currently under construction. "KKNPP 3&4 and KKNPP 5&6 have achieved an overall physical progress of 58.22 per cent and 8.12 per cent respectively as of February 2022," Singh said. Russian state-owned Rosatom is developing the nuclear power project at Kudankulam. KKNPP-1 ...
Russia promised during talks in Istanbul on Tuesday that it would de-escalate operations near Kyiv and Chernihiv to increase mutual trust and create conditions for further negotiations
A convoy of buses headed to Mariupol in another attempt to evacuate people from the besieged port city, while Russia pressed its attacks in several parts of Ukraine
CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla
London's FTSE 100 lost less than 0.1% to 7,575.04 while Frankfurt's DAX added 0.1% to 7,578.75. The CAC 40 in Paris shed less than 0.1% to 6,743.19
As oil prices dived on news that the US was considering record release from the reserves, India said it supports the initiative to let out from the strategic stockpile to cool rising oil prices
Ukrainian forces are preparing for new Russian attacks in the southeast region where Moscow's guns are now trained after its assault on the capital Kyiv was repelled, President Zelenskyy said
Russia's communications regulator may fine Google over its failure to remove certain "illegal" videos related to Ukraine invasion on the YouTube platform
As the US prepares to accept up to 100,000 Ukrainian refugees following Russia's invasion, existing communities in cities like Sacramento and Seattle are already mobilising to provide support
If India and Russia can work out a mutually acceptable exchange rate, bilateral rupee-rouble trade will be beneficial to India.
Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, IMF's Gita Gopinath said
Demoralised Russian soldiers in the Ukraine were refusing to carry out orders and sabotaging their own equipment and had accidentally shot down their own aircraft, a UK intelligence chief said
Amid mounting sanctions on Russia for launching military operations in Ukraine, India in line with its old ties and friendly relations will allow Moscow to invest and borrow in the domestic market.
Russia is offering India steep discounts on the direct sale of oil as mounting international pressure lowers the appetite for its barrels elsewhere, Bloomberg reports