Economy

US ends sanctions waivers for Russian and Iranian oil imports

The US will not renew sanctions waivers for Russian and Iranian oil, impacting India amid rising geopolitical tensions in the wake of the Middle East conflict

India's trade deficit narrows to $20.67 billion in March

India's trade deficit fell to $20.67 billion in March as exports rose and imports declined, though Middle East tensions cloud outlook and supply chains

IN BRIEF: Interest rates, fiscal rule discussed at Moscow Exchange Forum 2026

Governor of the Bank of Russia Elvira Nabiullina said the Russian economy faced the workforce shortage "for the first time in modern history"

Macroeconomic indicators below expectations

The unemployment rate remains record low at the same time and totals 2,1%, the head of state noted

Sudan doubles wheat imports from Russia

Russian wheat shipments to Sudan jump to 1.7 million tons as milling recovery boosts imports and cuts flour demand

Saudi pledges $3 billion to Pakistan amid UAE debt pressure

Saudi Arabia commits $3 billion to Pakistan as Islamabad faces pressure to repay a $3.5 billion UAE loan and meet IMF-backed financing requirements.