India

Are Russia, China & Turkey bringing back the gold standard? RT’s Keiser Report finds out
Global central banks bought more bullion last year than at any time since 1971, when the US ended the gold standard. Governments added 651.5 tons of gold to their coffers in 2018, according to the World Gold Council. It said that Russia, China and Turkey are leading the gold-buying spree. [...]
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Bye-bye dollar: India & UAE agree to trade in local currencies
New Delhi and Abu Dhabi have inked a currency swap agreement to boost trade and investment without involvement of a third currency like the US dollar. The swap is for an amount of two billion UAE dirham or 35 billion Indian rupees (US$495 million), according to the Indian Embassy in Abu Dhabi. [...]
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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 military-industrial complex. [...]
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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 end of August, according to the latest US Treasury report. [...]
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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 [...]
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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 to acquire four new warships for its Navy, sources quoted by the Economic Time [...]
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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 country. [...]
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India defies US threats, poised to sign deal for Russian S-400s in October
Russia hopes to finalize two major defense deals with India by year’s end, with first deliveries of the S-400 air defense system potentially taking place in 2020, a Russian defense official has said. India defied US demands to drop the S-400 deal in favor of US weaponry, selecting the defense system to protect its skies in June following an agreement on technical and economic specifications earl [...]
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Russia & India ditching US dollar in defense deals
Moscow and Delhi are seeking to bypass US sanctions by using the rupee and the ruble in facilitating military deals, according to Indian daily, the Economic Times. The paper reports that US sanctions are hampering $2 billion in defense deals between Russia and India, as payments are getting stuck. [...]
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