Russia is the world's biggest exporter of oil and petroleum products. The invasion of Ukraine by Russia and the steep rise in gas prices are responsible for most of the record increase in US inflation last month."
Amidst sweeping international sanctions on Russia for invading Ukraine, India is planning to boost shipments to Russia by an additional $2 billion as the two nations work out a payment system in local currencies to continue bilateral trade.
U.S. President Joe Biden's public approval rating dropped to 41% as per Reuters/Ipsos opinion poll. This takes away his Party's hopes of retaining control of Congress during the November elections.
On account of the economic crisis in Sri Lanka, there has been a dire shortage in supply of food and various other products of basic necessity in the neighbouring country.
