India will soon launch trade in rupees with Russia, the head of the Federation of Indian Export Organizations (FIEO) said this week. This comes after the State Bank of India agreed to simplify a new payment mechanism.

An industry advocacy group predicts a 60% increase in electricity costs next year Electricity prices in Germany are expected to jump to record highs next year, the Neue Osnabrucker Zeitung newspaper reported on Friday, citing the country’s local public utilities association (VKU).

South Africa’s president insists it’s not up to Washington to determine his country’s diplomatic ties South African President Cyril Ramaphosa has urged the US to not “punish” African nations by pressuring them to cut ties with Moscow, pointing to legislation passing through Congress which calls for more US intervention on the continent.