India helps Sri Lanka cope with economic crisis

Vegetables and other foodstuffs sent by India arrived in Colombo. India is again among the first to help Sri Lanka in the conditions of a severe economic crisis that has erupted in the island nation. New Delhi provides financial assistance to Colombo. To date, India has delivered more than 270,000 tons of fuel to Sri … Read more

Food sets new price records // Food Monitoring

World food prices in March 2022 sharply accelerated growth amid the crisis around Ukraine, especially in the grain and vegetable oil markets, the UN Food and Agriculture Organization (FAO) noted. The FAO Food Price Index rose to 159.3 points, up 33.6% yoy and 12.6% against February, when the index had already reached an all-time high … Read more

Kuzbass authorities are ready to reorient coal exports to China and India instead of the EU

Coal supplies from Kuzbass, suspended due to EU sanctions, may be directed to eastern markets, including China and India, the Ministry of Coal Industry of the Kemerovo Region reported. They noted that it is now profitable for Asian consumers to buy raw materials in Russia, as prices on the world market are rising. “Against the … Read more

Covid is in no hurry to exit // IMF warns of long-term consequences of the pandemic

If the current vaccination rate is maintained, more than a hundred countries of the world (including the USA, Russia, India, almost all of Eastern Europe and all of Africa) will not be able to reach its target level of 70% by mid-2022, while some states will not be able to achieve this indicator never, according … Read more

The Hindu: India reserves 2 million barrels of oil from Russia for delivery in May

Indian oil refiner Bharat Petroleum has bought 2 million barrels of Russian Urals oil for delivery in May. In total, since February 24, India has reserved about 16 million barrels from Russia, which is equal to the volume of all Russian oil imports into the country in 2021. This was reported by The Hindu, citing … Read more

Economic Times: Russia and India have created an analogue of SWIFT for settlements between countries

The Russian bank VEB.RF and the Reserve Bank of India have completed work on creating their own system of international transfers for settlements between countries, the Indian newspaper Economic Times reported, citing sources. Earlier, Western countries imposed sanctions against Russia by blocking access to the SWIFT international transfer system. The new system could be introduced … Read more