Category: Sanctions
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Crypto As A Weapon? Russia Considers Stablecoins To Fight Sanctions
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Russia’s shift towards stablecoins comes against the backdrop of its presidency of the BRICS group (Brazil, Russia, India, China, and South Africa). BRICS The BRICS countries have previously discussed creating a digital currency-based payment system, the BRICS Bridge, to reduce reliance on the US dollar-dominated global financial system. But sanctions…
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Russia’s VTB bank says US sanctions have complicated cross-border transactions By Reuters
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MOSCOW (Reuters) – U.S. sanctions imposed on Moscow this month have complicated foreign trade operations for Russian banks but they are gradually adapting to the new reality, the chief financial officer of Russia’s second-largest lender VTB said on Friday. On June 12, the United States imposed Ukraine-related sanctions on the…
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Critics Allege Venezuelan President Maduro Will Use Crypto to Bypass Sanctions
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Venezuelan political pundits and activists have warned that President Nicolas Maduro and his government are increasingly turning to cryptocurrency transactions as a way to evade international sanctions. This follows the recent re-imposition of sanctions on gold and oil by the United States, after Maduro failed to respect an agreement to…
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Critics Allege Venezuelan President Maduro Will Use Crypto to Bypass Sanctions
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Venezuelan political pundits and activists have warned that President Nicolas Maduro and his government are increasingly turning to cryptocurrency transactions as a way to evade international sanctions. This follows the recent re-imposition of sanctions on gold and oil by the United States, after Maduro failed to respect an agreement to…
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China’s Wuhan Tianyu says inclusion on US sanctions list may impact forex transactions By Reuters
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BEIJING (Reuters) – Chinese information industry firm Wuhan Tianyu said on Sunday that the United States’ inclusion of it on the sanctions list was a “unilateral” act that could affect the data security company’s foreign exchange settlements. The US Treasury Department on Wednesday expanded sanctions aimed at curbing Russian military…
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Rouble swings to opaque trading territory after new US sanctions By Reuters
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MOSCOW (Reuters) – New U.S. sanctions that forced Russia’s leading exchange to halt trading in dollars and euros led to a range of mixed prices and spreads as trading moved over-the-counter on Thursday, hindering access to reliable prices for the Russian euro. currency. The Russian Central Bank set the official…
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Moscow Exchange Pauses Dollar and Euro Trading Following Latest US Sanctions
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…