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US President Donald Trump on Monday said that he would like to sign new trade deals with Russia. He envisioned the opportunity at a meeting with the UK’s Prime Minister Keir Starmer during his visit to Scotland. The two world leaders discussed trade and solutions to Gaza, and also spoke about China and Sweden’s tariffs. While Starmer mostly stressed humanitarian aid to Gaza, Trump spoke about deals and trade wars. Also Read: BlackRock Eyes China Ally In $23B Panama Canal Power Deal Trump Says US Ready to Seek New Trade Deals With Russia, Places a Major Condition Source: FoxNews Trump revealed that the US is ready to boost trade with Russia, and the condition is that the Putin administration must withdraw from the Ukraine war and declare peace. The President explained that Russia has lots of rare earth minerals which US firms can use. Several countries are now looking towards rare earth metals as the supply is limited, with huge competition. “I envision that a lot of tr...

The market capitalization for TON meme coins surged 98% over the past 24 hours with Resistance Dog (REDO) leading the charge following the arrest of Telegram’s founder Pavel Durov in France. During the past day of trading, the REDO price skyrocketed more than 180% to trade at $0.7733 as of 1:15 a.m. EST. Other resistance-themed tokens including Resistance Girl (REGI), The Resistance Cat ($RECA) and Resistance Notcoin (RENO) were among the biggest 24-hour gainers in the TON meme coin ecosystem. Tensions Rise Between Russia And France After The Arrest Of Pavel Durov Some Russian officials have “reacted angrily” to the arrest of the Telegram founder and CEO. They have also described the arrest as an indirect hostile act against Russia, according to a Wall Street Journal report .  A statement released on Aug. 25 by the Russian Embassy in France alleges that authorities are refusing to respond to their attempts to gain access to Durov. “As of today, the Fr...

BRICS member Russia announced on Sunday that it has found massive oil and gas reserves in the British Antarctic territory. The discovery will potentially lead to drilling in the protected region making Russia’s oil reserves grow in the coming years. The newly discovered reserve findings are so massive that it covers around 511 billion barrels worth of oil. That’s around 10 times the North Sea’s output in the last 50 years. Also Read: BRICS : 2 New Countries Agree To Ditch US Dollar The development could put BRICS member Russia on top of the map making it among the top producers of oil in the world. However, the massive oil discovery comes with a price as Russia might find it difficult to drill in the region. Antarctica is protected by the 1959 Antarctic Treaty, which prohibits all oil developments in the region. However, if Russia goes ahead with the drilling, it could make the BRICS alliance stronger in oil output and ...

BRICS member China is taking undue advantage of lower crude oil prices by stockpiling 1.39 million barrels every day. China hoarded cheap crude oil from Russia as the country was sanctioned and forced to sell it at discounted prices. The sanctions against Russia are a blessing in disguise for China as it has been accumulating crude oil since October 2023. China is benefiting from its BRICS counterpart Russia as both countries are initiating Oil deals in local currencies. Also Read: BRICS: HSBC Predicts the Future of the U.S. Dollar The move has made the Chinese Yuan become the most traded currency in Russia for trade. In December last year, China aggressively boosted its oil purchases and now has a stockpile worth of six months. The Communist nation does not publicly report its strategic inventories leading to analysts believing that it is hoarding crude oil. Not just Russia, China is also buying cheaper crude oil from other developing countries around the world. Als...

The Chinese Yuan is officially the top most traded currency in Russia surpassing the US dollar by 2.5%. BRICS members China and Russia are settling trade in Chinese Yuan since February 2022 ending dependency on the US dollar. The US pressed sanctions against Russia for invading Ukraine making it harder for the country to trade in the dollar. Making good use of the opportunity, China pushed the Chinese Yuan to settle cross-border transactions by sidelining the US dollar. Also Read: Saudi Arabia To Decline BRICS Membership? The sanctions against Russia are helping the Chinese Yuan become the de facto currency in the country for trade. BRICS member China is making Russia limit receiving the US dollar for trade and accept only the Chinese Yuan. The ploy plays straight into the idea of de-dollarization initiated by the BRICS alliance. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read:  BRICS : U.S. Dollar Ranks Last in ...

From Jan. 31, 2024, 00:00 UTC, the P2P platform of the Binance cryptocurrency exchange will stop supporting trading pairs with the Russian ruble . According to the statement, users can withdraw funds in this currency through the exchange’s fiat partners, convert them into cryptocurrency on Binance Convert, or exchange them on the spot market. The statement added that users can place orders of the Russian ruble on CommEX, which owns the Russian business of Binance. “To use CommEX for P2P trading, simply register for or log into the CommEX account and connect it to the corresponding Binance account. Once the connection is complete, users can transfer their assets from Binance to CommEX and continue P2P trading with Russian Ruble (RUB) on CommEX.” Binance announcement You might also like: Is Binance in trouble? In September, Binance announced it exited Russia and sold its business to CommEX. The exchange promised its Russian users a systematic transition ...