Author: Steven Sahiounie

Bloomberg reported that the Chinese currency, the yuan, was able to replace the dollar in Russia, as the yuan has become the most traded currency in the country, and Western sanctions have helped achieve this. And the agency stated, in a report based on daily transactions on the Moscow Stock Exchange, that the yuan outperformed the dollar in terms of monthly trading for the first time last February, and the difference between the two currencies became clearer last March. She pointed out that the large-scale restrictive measures against Moscow and Russian companies prompted the conversion of foreign trade operations from…

Gas prices rose in Europe, in trading yesterday, Monday, to the highest level in 3 weeks, as blue fuel contracts touched the level of $ 600 per thousand cubic meters. Spot gas contracts continued to rise on Monday, rising by 9%, and contracts were closed in the TTF center in the Netherlands at $ 588 per thousand cubic meters, the highest level in 22 days. Three factors contributed to the rise in blue fuel prices in European markets: lower temperatures in the region, lower wind power generation and higher oil prices.  This article was originally published by RT.

The indices of the Moscow Stock Exchange rose, in trading today, Tuesday, and its ruble-denominated MICEX index rose above the level of 2,500 points, for the first time since April 28, 2022. And by 10:55 Moscow time, the MICEX index rose by 1.09% to 2500.29 points, while the RTS stock index rose by 1.09% to 990.7 points. In the currency market, the Russian ruble fell against the dollar and the euro, and the exchange rate of the US and European currencies against the Russian currency reached the highest level since April 2022. The US currency approached the level of 80…

Oil prices continued to rise, in trading today, Tuesday, after the decision of countries in the “OPEC +” group to reduce more production of black gold shook the markets on Monday. By 10:35 Moscow time, US West Texas Intermediate crude futures rose 1.04% to $81.26 a barrel. While Brent crude futures rose by 0.92% to $85.71 a barrel, according to Bloomberg agency data. Yesterday, Monday, crude contracts closed trading at an increase of more than 6%, as US crude rose by 6.3%, at $80.42 a barrel, while “Brent” contracts closed, up by 6.3%, also at $84.93 a barrel. Last Sunday,…

Russian President Vladimir Putin said on Tuesday that the export of agricultural products from Russia has grown by several times recently. Putin’s statement came during his conversation with workers from the “Tulazeldurmash” factory, which specializes in the manufacture of various types of train cars, as the Russian president is making a field visit to the factory located in the city of Tula, about 185 kilometers south of the Russian capital, Moscow. The Russian president said: “Exports (agricultural products) have grown several times, but imports, on the contrary, have declined.” He added that Russia now exports agricultural products and is struggling for…

The Palestinian Ezzeddine Al-Qassam Brigades publish a video showing their targeting of Israeli aircraft with numerous SAMs south of the Gaza Strip. The Ezzeddine Al-Qassam Brigades, the armed wing of the Hamas resistance movement published video clips of its targeting by the Israeli warplanes, this morning, with several surface-to-air missiles, in response to the occupation targeting a “Shehab” drone, in the airspace of the southern Gaza Strip while it was flying on a training mission. “During a training mission for the Al-Qassam Brigades Air Force on Monday morning, the Zionist warplanes targeted a Qassam Shehab-type drone in the airspace of…

The foreign ministers of Iran and Saudi Arabia agreed on Sunday to hold a meeting within the coming days. In a telephone conversation with his Saudi counterpart Faisal bin Farhan on Sunday, Iranian Foreign Minister Hossein Amirabdollahian expressed pleasure with the positive trend of ties between Tehran and Riyadh. He also underlined the Islamic Republic’s resolve to expand its policy of neighborliness, the Foreign Ministry’s website reported. For his part, Bin Farhan stressed the need for Iranian and Saudi officials to keep in touch and described the current measures of the two sides as positive and satisfactory. The two senior…

Israeli occupation Prime Minister Benjamin Netanyahu is suspending yet another decision, postponing the decision he had taken to sack Security Minister Yoav Gallant. Israeli Prime Minister Benjamin Netanyahu postponed Monday the decision to dismiss Israeli Security Minister Yoav Gallant over the security situation in occupied Palestine, Israeli media reported. This comes after one of Netanyahu’s aides said the premier would “visit two military bases with Gallant today evening” in a clear indication of a possible reconciliation between the two officials. Netanyahu’s office announced in a brief statement in late March that the Prime Minister decided to sack Gallant. Gallant demanded had…

The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR) has published estimates about the digital assets held by the population in the newest edition of its report on household finances. The survey is conducted once every two years since 2013 and the latest results covering 2022 were released on Friday. According to the document…

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for International Commerce India’s government is introducing new settlement methods apart from the U.S. dollar for international commerce. The new foreign trade policy guidance, which was implemented on April 1, includes a new option of settling payments in Indian rupees, giving countries facing a U.S. dollar…