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1 min read

A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments

A Russian company will reportedly barter with Pakistan as the Kremlin struggles to make payments ac…

Kelly Cloonan   


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2 mins read

Iran's missile attack forced some flights to turn around hours into their trips to avoid restricted airspace

Airspace closures following Iran's missile attack on Israel forced airlines to divert flights and m…

Taylor Rains   


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2 mins read

Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.

Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…

Huileng Tan   


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2 mins read

Stock market dips sharply even as UN Security Council reaches de-escalation consensus on Israel-Iran tensions

The Indian stock market kicked off trading on Monday with a sharp downward trend, echoing global an…

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2 mins read

Sanctions are squeezing Russia, turning up its dependence on China and 'rogue' states, think tank says

Sanctions are working as Moscow is relying on North Korea, Iran, and China to stay afloat, think ta…

Filip De Mott   


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2 mins read

Russia's grand railway plan to get around Western sanctions is about to get even bigger

Russia is investing in rail transportation to bypass Western sanctions, connecting with China, Indi…

Huileng Tan   


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2 mins read

US imposes sanctions on Indian company over alleged Iran oil deal

On Thursday, the Department said that the company "purchased millions of dollars worth" petroche…

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2 mins read

Russian oil is traveling to Asia on tankers that used to carry sanctioned Iranian crude, as 'dark' trading expands

Russia, Iran and Venezuela - economies all struggling under US sanctions - are increasingly competi…

Harry Robertson   


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4 mins read

Russia is reaping bumper revenue from oil and gas sales but Iran and Venezuela should serve as cautionary tales for Moscow's energy industry

Iranian and Venezuelan oil production went into freefall and their energy industries slid into decl…

Huileng Tan   


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1 min read

Oil from sanctioned Venezuela to help Europe replace Russian crude as soon as next month: report

The agreement would resume oil-for-debt swaps that have been halted for two years after the US impo…

Ryan Hogg   


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1 min read

Russia and Iran are holding energy talks as Moscow looks to boost oil exports to Asia

Russia's deputy prime minister will hold talks with Iranian officials, including the country's oil …

Harry Robertson   


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1 min read

Western sanctions have weakened the dollar's dominance as India buys Russian oil with other currencies

Indian buyers have paid for most of their Russian oil in non-dollar currencies, including the UAE's…

Filip De Mott   


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1 min read

Russia launches new chartered ships to trade commodities with China and India as wartime sanctions block typical supply chains

Russia, China, and India are set to have smoother commodities trade amid wartime sanctions with the…

Phil Rosen   


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2 mins read

Global recession and financial crisis could hit if the Israel-Hamas war pulls in the US and Iran, Wall Street veteran says

The US economy faces a raft of risks including escalating wars, surging oil prices, slumping consum…

Theron Mohamed   


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5 mins read

Trump is waging a quiet war against civilians in Iran as the coronavirus pandemic drags on

The sanctions Trump has layered on Iran have gone largely unnoticed in the US. But for Iranians, th…

Niloofar Adnani, Responsible …   


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6 mins read

Cuba is working on a homegrown COVID-19 vaccine program. It has a history of fighting disease without help from the West

Cuba plans to launch the Phase 3 trial of the Soberana 02 vaccine in March. The communist nation ha…

Marianne Guenot   


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3 mins read

Biden will decide whether to apply sanctions on India for buying a missile defence system from Russia, says US official

The US administration is required under a domestic law, Countering America’s Adversaries through…

PTI   


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2 mins read

India among the eight countries allowed to continue buying oil from Iran even after the US reimposes sanctions — But there’s a catch

And while that may be true, it’s only temporary. So, essentially, it should be treated as an ext…

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2 mins read

Donald Trump’s sanctions on Iran force Indian oil minister Dharmendra Pradhan to dial Russia for cheaper oil

If US was earlier worried about growing closeness of India with its arch enemy Russia, it has m…

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2 mins read

Is Iran dumping cheap steel into India via the UAE?

Hence, Indian steel makers contend that the spike in steel imports, which have the countr…