India set to reduce use of US dollar in cross-border trade

India’s central government has unveiled its new Foreign Trade Policy, which is expected to facilitate greater trade, boost manufacturing, help to shift away from the US dollar, and make the rupee a global currency.

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US will default if debt deal fails – treasury secretary

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Russia remains reliable global food supplier despite sanctions – Putin

Russia’s exports of agricultural produce increased last year despite Western trade barriers, President Vladimir Putin announced on Thursday. During a meeting with the country’s agriculture minister, Putin stated that Russia had enjoyed its largest-ever grain harvest in the previous crop year, of almost 158 million tons.

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