Sanctions imposed by the West on Russia are pushing the BRICS nations closer, said executives at the recent annual APPEC conference.
Meanwhile, India and China have also both ramped up their imports of discounted Russian crude since the war in Ukraine, with Moscow leapfrogging to become India's leading source of crude oil and accounting for"Everybody is irritated by the U.S. government, the U.S. Treasury sanctioning ...
But Fesharaki said that de-dollarization, or shifting away from trading in the greenback, is still a long way off."In fact, if any currency was offered to replace the U.S. dollar, the turbulence in the oil prices [will be] so dramatic. Nobody wants it actually."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Skirting US sanctions, Iran earning billions from oil exports while Russia, China cash inAmid efforts to enforce sanctions against Iran, authoritarian regimes like Russia and China and some Western companies are bypassing U.S. sanctions to attend the Iran Oil Show.
Les mer »
Western allies hold naval drills in Baltic Sea amid Russia-Ukraine conflictThe exercises feature approximately 30 ships and over 3,200 Western service members that focus on practising responses to a potential Russian assault.
Les mer »
For Western firms, the risk of leaving Russia could be higher than stayingThe window to leave Russia is shrinking. But by staying put, companies risk getting caught in a geopolitical crossfire.
Les mer »
Maduro pide apoyo a China para ingresar a los BRICSEl presidente de Venezuela, Nicolás Maduro, ha solicitado el apoyo de China para que se invite a su país a formar parte del bloque de los BRICS a fin de que Caracas pueda enfrentar en mejores condiciones las dificultades económicas por las que atraviesa su nación.
Les mer »
Venezuelan President Maduro seeks China's support to join BRICS groupVenezuela's Maduro visits China, aiming to bolster support for Venezuela's bid to join the BRICS group, leveraging its vast oil reserves.
Les mer »
Kevin Costner's New Western Franchise Needs To Continue Yellowstone's Most Impressive FeatCan Horizon replicate Yellowstone's biggest feat?
Les mer »