New Delhi: At a time when Russia is facing several sanctions from the West countries following the attack on Ukraine, these countries are still paying the Moscow more than a $1billion-a-day for oil and gas.
Notably, with the money coming from oil and gas, Russia can use it to subsidies his $15billion-a-day invasion of Ukraine as the Russian forces facing resistance from Volodymyr Zelensky's heroes.
Meanwhile, according to a report by mailonline, the Russian economy has melted down today as Western countries following the sanctions Russian Rouble crashed to an all-time low.
However, the report claimed that Putins control on the world's oil and gas taps indicates that Europe and the US are still buying almost $1billion-a-day from Russia.
Despite the huge daily cash in injection from West, Russia is facing the unprecedented liquidity problems. In order to mitigate this problem, the central bank of Russia is expected to turn its ally China to try to sell off Chinese assets worth up to o $77billion back to Beijing.
On the other, following the attack on Ukraine, the Russia's currency has witnessed a drop of 30 percent against the US dollar. It has stabilized this morning after hitting rock bottom yesterday.
Notably, after days of turmoil on financial markets, regulators in Russia refused to open the Moscow stock exchange, while long queues formed outside banks as panicked families tried to withdraw cash.
Russian President Vladimir Putin has laid out certain conditions on Monday to stop his invasion of Ukraine.
He laid out the conditions after Moscow and Kyiv held their first talks since the outbreak of war on last Thursday, which shocked the world and provoked massive diplomatic, economic, cultural and sporting backlash.
According to reports, in the meeting, both sides agreed merely to hold a second round of negotiations ''soon'', the Russian President laid out his prerequisites for ending the war in a phone call with French President Emmanuel Macron.
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