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Hitting Where It Hurts: Why Russia, India and China Are Growing Non-Dollar Trade

Much has been made of the possible geopolitical motivations behind the decision to price the $5 billion Russian-Indian S-400 deal in roubles, and Moscow and Beijing are eyeing another rouble/yuan-based trade compact. However, Sputnik has discovered that there’s also a purely economic reason for the three countries to move away from the dollar.

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Double Trouble: Why Ruble-Priced S-400s for India are Big Problem for Washington

The $5 billion+ deal between Moscow and New Delhi for five regiments of Russia’s cutting-edge air defense system got an added bonus this week after it was revealed that the contract will be paid for in rubles. Taking a look at the deal’s details, Sputnik discovered that it’s really a double blow to the US […]

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Hitting Where It Hurts: Why Russia, India and China Are Growing Non-Dollar Trade

Much has been made of the possible geopolitical motivations behind the decision to price the $5 billion Russian-Indian S-400 deal in roubles, and Moscow and Beijing are eyeing another rouble/yuan-based trade compact. However, Sputnik has discovered that there’s also a purely economic reason for the three countries to move away from the dollar.

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India Sells Off Over 15 Bln in US Dollar Bonds, Following in China’s Footsteps

The developments came after China sold $3 billion in US Treasury bonds amid the ongoing trade row with the US, making it the third such sale in the last 14 years.

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India offloading US Treasuries to support national currency & buy gold

The Reserve Bank of India (RBI) is cutting down on its holding of US Treasuries, joining many other emerging economies which have been off loading their stock of US debt amid rising rates. The country’s share of US sovereign debt saw a gradual decline from $157 billion in March to $140 billion as of the […]

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‘It’s Not Helpful’: US Warns India Against Buying Iran Oil, Russian S-400s

On Thursday, US President Donald Trump promised that India will soon see his decision on punitive measures after New Delhi moved to purchase advanced S-400 air defense systems from Russia.

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Pakistan tests nuclear-capable missile after India cancels talks & signs S-400 deal with Russia

Pakistan has successfully test-launched its nuclear-capable missile system just after its archenemy India refused peace talks with Islamabad and bought billions-worth of weapons from Russia. The missile system, which can fire both nuclear and conventional projectiles to a distance of 1,300km, was tested on Monday by the Army Strategic Forces Command (ASFC).

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India Mulls Ditching Dollar in Oil Trade With Russia, Iran, Venezuela – Reports

This week, Russian President Vladimir Putin called Washington’s sanctions policy a “colossal strategic mistake” which has only served to undermine the dollar’s credibility as a global reserve currency. India’s Central Bank and Ministry of Finance have been tasked with exploring the feasibility of rupee and barter-based trade agreements with crude oil producing nations such as Russia, Iran and Venezuela, the […]

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Signing S-400 deal & defying US: Putin heads to New Delhi to meet Indian PM

Vladimir Putin heads to India for a two-day visit, during which he will meet PM Narendra Modi. All eyes will be on the $5-billion deal to purchase S-400s from Russia, which Delhi approved in defiance of a US threat of sanctions. The Russian leader is due to arrive in India on Thursday.

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China’s CNG, India’s SUN Gold to Invest $485Mln in Gold Deposit in Russia

MOSCOW/KUNMING China National Gold will invest about $420 million in the development of the Klyuchevskoye gold deposit in Russia; another $65 million will be invested by India’s SUN Gold, the annual production volume is expected at about 6.5 metric tons of gold per year, the Russian Industry and Trade Ministry said.

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India suggests setting up special economic zone for Russian companies

New Delhi wants to encourage Russian investments and has invited the country’s companies to explore business opportunities and strengthen bilateral economic ties, Commerce and Industry Minister Suresh Prabhu has said.

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India clears way for $2.2bn Russian frigate deal after similar agreement with US

India has cleared the way for its biggest deal yet with Russia, with Delhi reportedly set to sign a deal to purchase $2.2 billion worth of Russian ships. It comes despite US sanctions aimed at deterring business with Moscow.  After revitalizing defense ties with the US earlier this month, India has now turned to Russia […]

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How India Courts Trump’s Latin Neighbors, Pursues Ties in US Backyard

New Delhi is maintaining an independent foreign policy course with regard to Latin American countries, Indian political analysts told Sputnik. They stressed that Donald Trump’s pressure on Cuba and Venezuela would unlikely affect India’s ties with these countries and explained how New Delhi avoids a clash of interests with China in the region.

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From Su-57 to Project 75I: Why India Views Russia as Essential Strategic Partner

While the US is openly wooing India, there are no signs that New Delhi is going to give up its longstanding defense collaboration with Russia. Speaking to Sputnik, Indian analysts emphasized the country’s “strategic autonomy” as New Delhi’s major priority and presumed that the US’s apparent plan to bring India into NATO’s fold would fail.

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India to Respond to US Refusal for Sanctions Waiver Over S-400 – Strategist

India has made it clear that it is going ahead with its plan to purchase the S-400 Triumph air defense missile systems from Russia and that it will not be deterred by the US’ unilateral sanctions. India has also expressed itself similarly over the US sanctions on Iran by continuing to buy oil from the […]

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