Countries globally may soon have to create ruble reserves within their domestic economies if they wish to continue to buy Russian gas, as Moscow switches payments to its national currency, Ilya Ilyin, the head of the banking and financial markets analysis department at Promsvyazbank said on Thursday.
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Russian President Vladimir Putin signed a decree on Thursday on a special procedure for buyers from countries that imposed sanctions on Russia to pay for gas in rubles, making the measure official. Here’s what this means.
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Far from being ‘the next de Gaulle’, the French president has sided with the US and NATO at every turn During NATO’s US-led intervention in Iraq, then-UK Prime Minister Tony Blair played the role of shotgun-riding sidekick to then-US President George W. Bush when the prime minister was in the best position to mitigate the…
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