India-US trade deal: US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 ‘Liberation Day’ conference.
Russia
Trump, Putin teams complete Ukraine talks, summit date yet to be set
Top US and Russian officials met in Saudi Arabia on Tuesday to discuss how to end the war in Ukraine with no one from Kiev present, raising concerns the two powers are pushing too fast for a deal that could sideline Europe.
Gold and silver prices await US-Russia meeting
Top representatives of the US and Russia are scheduled to meet to discuss ending the war in Ukraine. Despite the prospects of a Russia-Ukraine peace deal, a sense of caution prevails as any decision could be taken without the presence of Ukrainian and European leaders.
Russian and American officials will meet in Saudi Arabia in the coming days
US and Russian officials will meet in Saudi Arabia in the coming days to launch talks aimed at ending Moscow’s nearly three-year war in Ukraine, a US lawmaker and a source familiar with the planning said on Saturday.
Donald Trump: US will mediate Ukraine ceasefire
Gold eased to $2,920 an ounce on Friday, after hitting a record-high of $2,939.99 earlier in the session, as markets assessed global demand for safety and the Fed’s monetary policy outlook.
Ukraine President Says Russia Targeting Civilian Areas
Ukraine President President Zelensky says Russian forces are targeting civilian areas.
- He urged Russians to protest against the invasion.
- Zelensky hailed Ukrainians for their “’heroism” and said Ukraine forces are “doing everything possible” in the situation.
Source: AFP
Oil prices up at levels last seen in March on vaccine hopes, EU deal
Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.
Crude Oil Plunges to Lowest Since 2017 After Russia Rejects Steep OPEC Cut
Russia balked at OPEC’s proposed steep production cuts to stabilize prices. A Russian high-level source told Reuters that Moscow would not back a call for extra reductions in oil output and would agree only to an extension of existing cuts by the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+.
Russian Jan-March Gold Output – Gold Silver Reports
Gold Silver Output January – March Month Russian Jan-March Gold Output @ 58.12 Tonnes, Silver Output @ 223.28 Tonnes – Russian Finance Ministry