2024-10-03 | Current Affairs
A Russian court has frozen around USD 372 million in funds held by U.S. banks JP Morgan Chase and Bank of New York Mellon. The Moscow Region Arbitration Court made the decision on Wednesday, targeting funds held by the Russian branches of these banks.
2024-09-06 | Current Affairs
Russian court has frozen the shares of Raiffeisen Bank International’s (RBI) local subsidiary, blocking the sale of the bank’s Russian unit and intensifying tensions between Moscow and the West.
2024-09-03 | Current Affairs
Russia’s largest bank, Sberbank, reports that its business in India is thriving, with trade between the two countries progressing smoothly, despite the Western sanctions impacting other international trade relations.
2024-08-30 | Current Affairs
Russian companies are encountering increased payment delays and rising transaction costs with Chinese partners, with tens of billions of yuan stuck in limbo, according to sources familiar with the issue.
2024-08-16 | Current Affairs
In Russia, a noticeable silence has emerged regarding any connection between the recent decline of the rouble and the Ukrainian attack on the Kursk region.
2024-06-14 | Current Affairs
Following new U.S. sanctions, Russia has ceased trading in dollars and euros on its primary financial marketplace, the Moscow Exchange.
2024-06-10 | Current Affairs
During the upcoming G7 summit in Italy, led by Prime Minister Giorgia Meloni from June 13-15, U.S. officials anticipate that the group of seven wealthy democracies will issue a stern warning to smaller Chinese banks involved in aiding Russia circumvent Western sanctions.
2024-01-08 | Current Affairs
Today’s News Industry experts caution that the G20’s initiative to speed up international payments may risk enabling financial crime while undermining the effectiveness of sanctions against Russia and other nations. According to the U.K.-based Future of Financial Intelligence Sharing (FFIS) research program, the drive to streamline digital payment systems by 2027 overlooks the growing susceptibility of […]
