Economy

Russia Almost Completed Transition to National Currencies in Payments to CIS, China

Deputy Prime Minister Alexey Overchuk said the issue of creating a system of payments and settlements not depending on the banking service and currencies of Western countries is the critical area of Eurasian cooperation.

France facing fuel crunch triggered by Middle East war

France is facing a fuel crunch as drivers rushed for cheaper gas due to price caps amid Middle East war disruptions

Europeans must pay more for medicines amid price cuts in US, Bayer warns

German pharma giant Bayer says Europeans must pay more for medicines as drugmakers are forced to lower prices in the US

EU warns of ‘long-lasting’ energy shock, refuses to reverse Russian LNG ban

EU Energy Commissioner Jorgensen warns of “long-lasting” energy crisis and possible fuel rationing due to Iran war, but insists the bloc will not reverse ban on Russian LNG imports

India and China hold talks to expand bilateral trade at WTO

India and China discussed expanding bilateral trade on the sidelines of a WTO ministerial event, focusing on exports, trust-building, and trade tensions

How Russia fits into India’s plan to secure LPG supplies from Hormuz

With 90% of imported LPG running through Strait of Hormuz, India is testing Baltic and Pacific routes to deliver Russian LPG