Russian President Vladimir Putin has called for expanding the use of national currencies in trade among BRICS countries and proposed the creation of an "independent settlement system" on the BRICS platform to make transactions "faster, more efficient and safer."
BRICS, the developing world's stand-in to the G-7 grouping. was expanded at the Kazan Summit, last year.
Maritime transport is the backbone of global trade, moving over 80 per cent of goods traded worldwide by volume. Several studies have predicted a significant increase in population and urbanization in Africa, Asia and South America by 2050, resulting in the massive development of future societies and megacities.
When war, trade, and diplomacy dominate headlines, brands can no longer pretend politics don’t affect them.
Set against the backdrop of longing, missed chances, and tender affection, 'Aankhon Ki Gustaakhiyan' is a story of two people whose paths cross in unexpected ways.
This should be followed by a huge community-based, participative, decentralised programme for rehabilitation and reconstruction in Ukraine with decisions and priorities under the democratic control of people but helped by unconditional international financial support.
Earlier, Putin made a statement about plans to station tactical nuclear weapons in the territory of Russia's neighbour and ally.
Visiting Russian Minister of Trade and Industry, Denis Manturov, said on Monday that India and Russia are deliberating on a free trade agreement (FTA), a move which could enhance commercial relations between the two nations.
The issue is: Has Germany truly grasped that its accommodative approach towards autocracies whether out of economic self-interest or in the interest of conflict-management by engaging deeply with them is subject to the law of diminishing returns? Further, has Berlin understood how damaging overdependence on absolutist states is?
India's imports from Russia have grown more than four times to $46.33 billion over the last fiscal, mainly due to oil purchases from that country.
