Page 170 - Russia

Rupee trade: Understanding difference between Nostro and Vostro accounts

The RBI has allowed two Russian banks, Sberbank and JSC VTB, to open Vostro accounts for rupee trade. Read more to find out what a Vostro account is and how it is different from a Nostro account

World Bank President Malpass warns of stagflation, recession in Europe

In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted

PM's remarks to Putin reflect India's stance on Ukraine war: S Jaishankar

India's External Affairs Minister S. Jaishankar has said that Prime Minister Narendra Modi's recent remarks to Russian President Vladimir Putin were consistent with the existing Indian position

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

Moscow sets up draft offices at borders to intercept fleeing Russian men

Long lines of Russians trying to escape being called up to fight in Ukraine continued to clog highways out of the country on Wednesday, and Moscow reportedly set up draft offices at borders to intercept some of them. North Ossetia, a Russian region that borders Georgia, declared a state of high alert and said that food, water, warming stations and other aid should be brought in for those who have spent days in queues. Volunteers on the Georgian side of the border also have brought water, blankets and other assistance. North Ossetia restricted many passenger cars from entering its territory, and set up a draft office at the Verkhy Lars border crossing, Russian news agencies said. Some media outlets released photos at the crossing showing a black van with military enlistment office written on it. Another such draft checkpoint was set up in Russia along the Finnish border, according to the independent Russian news outlet Meduza. Tens of thousands of Russian men have fled in the week .

US announces $1.1 bn more in military aid for Ukraine to counter Russia

The US will provide an additional USD 1.1 billion in aid to Ukraine, with funding for about 18 more advanced rocket systems and other weapons to counter drones that Russia has been using against Ukrainian troops, the Biden administration announced Wednesday. The latest package is being provided under the Ukraine Security Assistance Initiative, which funds contracts to purchase weapons and equipment. And it brings the total of US aid to Ukraine to nearly USD 17 billion since the Biden administration took office. The aid announcement comes as Russia moves to annex parts of Russian-occupied Ukraine that held Kremlin-orchestrated referendums on living under Moscow's rule. The votes were denounced by Kyiv and the West as illegal and rigged. We will not be deterred from supporting Ukraine, we will continue to stand with the Ukrainian people, and provide them with the security assistance they need to defend themselves, for as long as it takes, White House press secretary Karine Jean-Pierre

Putin to proclaim formal annexation of Ukrainian territory in days

European Union likely to place trade sanctions on Moscow over 'sham' votes

Rupee trade: Two Russian banks get RBI nod for special vostro account

Trade between India and Russia started growing after the latter invaded Ukraine in late February

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

Facebook takes down political influence operations from China and Russia

Meta, the parent company of Facebook, on Tuesday took down two separate covert influence networks operating from China and Russia

Russia claims win in 4 'referendums' held in occupied regions of Ukraine

Russia has claimed to win four 'referendums' in occupied Ukrainian regions, a victory which Moscow may use as grounds to annex more territory, the media reported on Wednesday

Russia's total grain harvest may reach record 150 mn ton this year: Putin

Russian President Vladimir Putin said that Russia could harvest a record 150 million ton of grain this year

Over 194,000 Russians flee call-up to neighbouring nations amid Ukraine war

It took Vsevolod four days to drive from Moscow to Russia's southern border with Georgia. He had to abandon his car at one point and continue on foot. On Tuesday, he finally finished his 1,800-kilometer (1,100-mile) journey and crossed the frontier to escape being called up to fight in Russia's war in Ukraine. At 26, I do not want to be carried home in a zinc-lined (coffin) or stain (my) hands with somebody's blood because of the war of one person that wants to build an empire, he told The Associated Press, asking that his last name not be used because he feared retaliation from Russia. He was one of over 194,000 Russian nationals who have fled to neighboring Georgia, Kazakhstan and Finland most often by car, bicycle or on foot in the week since President Vladimir Putin announced a partial mobilization of reservists. The mass exodus of men alone or with their families or friends began Sept. 21, shortly after Putin's address to the nation, and continued all this week. Early on,

Gas leaks from Russian pipelines to Europe raise sabotage fears: Report

But it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia with European partners spent billions of dollars building.

Europe suspects sabotage as mystery gas leaks hit Russian pipelines

Poland's PM said the leaks were caused by sabotage, while Denmark's prime minister and Russia, which slashed its gas deliveries to Europe after Western sanctions, said it could not be ruled out

Edward Snowden: US whistleblower, now a permanent Russian citizen

Since 2013, Edward Snowden has been living in Russia to escape prosecution in the US after leaking secret files related to the US National Security Agency (NSA) and the CIA

Japan protests Russia's expulsion of official, denies spying allegations

Japan protested to Russia on Tuesday over the detention of a Japanese consulate official on espionage allegations, denying the allegations and accusing Russian authorities of abusive interrogation. The official was detained on Sept 22 and interrogated with his eyes covered, his hands and head pressed and immobilised, Japan's Foreign Ministry said, prompting it to lodge a protest and to demand an apology. On Monday, Russia's Foreign Ministry notified Japan's Embassy in Moscow that the official had been declared persona non grata, or an undesirable person, on grounds he conducted illegal espionage activity and it ordered him to leave the country within 48 hours. The alleged illegal activity insisted by the Russian side is completely groundless, Chief Cabinet Secretary Hirokazu Matsuno told reporters. Matsuno said Japan's Vice Foreign Minister Takeo Mori summoned Russia's ambassador and strongly protested, demanding a formal apology from the Russian government and measures to prevent

MoS Devusinh Chauhan highlights India's success in digital infrastructure

Union Minister of State for Communications, Devusinh Chauhan held a bilateral talk with Deputy Minister of Digital Development, Communications and Mass Media of the Russian Federation

Russia detains Japanese diplomat for exchanging sensitive information

Russia said Monday that it had detained a Japanese diplomat based in the eastern city of Vladivostok for soliciting "restricted" information, Russian news agencies reported. "A Japanese diplomat was detained red-handed while receiving, in exchange for financial reward, restricted information about Russia's cooperation with another country in the Asia-Pacific region," the FSB, the KGB's successor agency, was cited as saying through its press service, without specifying the country. The FSB also accused the diplomat, named as Vladivostok-based consul Motoki Tatsunori, of seeking out information on "the impact of Western sanctions" on the surrounding Primoriye region, according to news agencies. Russia's foreign ministry said Tatsunori had been declared persona non grata and ordered to leave the country within 48 hours. The Kremlin has repeatedly referred to Japan as a "hostile" country, a designation it shares with the US, EU countries and their Western allies, since Tokyo joined the

Danish authorities issue warning amid gas leak in Nord Stream 2 pipeline

Citing a gas leak in the Nord Stream 2 pipeline, the Danish Maritime Authority issued a navigation warning and established a no-go zone southeast of the Danish island of Bornholm.