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BREAKING
President al-Mashat: Our armed forces, represented by our air defenses, will soon turn the Zionist enemy’s aircraft into a subject of ridicule.
President al-Mashat: Good news about the Zionist enemy’s aircraft used in aggression against our country will reach you soon, God willing.
President al-Mashat: Our armed forces will be able to deal with hostile Zionist aircraft without causing any harm to air or maritime navigation.
President al-Mashat: To ensure the safety of airliners, they must avoid navigating along the routes used by the Zionist entity to carry out aggression against our country.
Yemeni President Mahdi al-Mashat: For the safety of air and maritime navigation in areas where our armed forces operate, we have directed that the routes used by the Zionist enemy to attack our country be designated as dangerous.
Hamas official says despite this, Hamas leadership is currently undertaking a thorough review of the new proposal
Hamas official says the response fails to meet any of the just and legitimate demands of our people
Hamas official says it is clear that the Israeli response fundamentally seeks to entrench the occupation
Reuters citing Hamas official: Group received Israeli response to Witkoff proposal
Sources to Al Mayadeen: The news regarding a press conference tonight by the head of the Hamas movement in the Gaza Strip, Khalil Al-Hayya, is false.

Russia, India abandon US dollar in mutual settlements

  • By Al Mayadeen
  • Source: Agencies
  • 7 Dec 2021 09:19
  • 159 Shares
2 Min Read

Russia and India have agreed to ditch the dollar as a means of mutual settlements, as Washington continues to impose sanctions on Moscow.

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  • Russia and India to ditch the dollar as a means of mutual settlements as Washington continues to impose sanctions on Moscow.
    Prime Minister Narendra Modi and Russian President Vladimir Putin in New Delhi (PTI photo)

Alexander Mikheev, Director General of Russia's state arms exporter, Rosoboronexport, announced, on Tuesday, that Russia and India have abandoned the use of the US dollar in mutual settlements, with all payments made in rubles and rupees.

Mikheev told reporters in New Delhi, "By tradition, we name all transactions in dollars for ease of calculation. In real work, Rosoboronexport has moved away almost 100% from settlements in the US currency. As for India, all settlements are carried out in rubles and rupees. In addition, we are actively practicing offset projects, which are also present in the contracts signed today. This is normal modern practice, one of the trends in the world market.”

With such an approach, the sides "do not face the risk of delays in payments when fulfilling our contractual obligations to our partners," he added.

Related News

German FM: Berlin no longer in 'definite peace' with Moscow

Russia warns Germany over transfer of Taurus missiles to Ukraine

It is worth mentioning that India's Foreign Minister announced Monday that Russia has begun delivering to his country the Russian S-400 ground-to-air missile defense system, against which the US threatened to impose sanctions. 

"Supplies have begun this month and will continue to happen," Indian Foreign Secretary Harsh Vardhan Shringla confirmed after Russian President Vladimir Putin's visit to New Delhi.

I warmly thank H.E. President Putin for his visit to India. We exchanged very useful ideas for expanding our strategic, trade & investment, energy, connectivity, defence, science & technology and cultural cooperation. We also shared views on important global and regional issues. pic.twitter.com/FQGFgQzsfX

— Narendra Modi (@narendramodi) December 6, 2021

Praising India at the beginning of his visit to New Delhi, Putin discussed defense agreements, military relations, and energy cooperation between the two countries.

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