SWIFT
Russia asks companies for proposals on easing sanctions - Reuters
Russia is asking companies to suggest which sanctions need to be lifted before negotiations with the US. The most painful restrictions are those that impede cross-border payments.
The new EU sanctions package will include 35 individuals and 19 companies
The EU plans to add 35 individuals and 19 companies from Russia, the DPRK and China to the sanctions list. The new package will include prohibitive duties on fertilizers and certain agri-food products.
EU prepares phased Russian aluminum ban - Bloomberg
The EU plans a phased ban on imports of Russian aluminum and to disconnect 15 banks from SWIFT. The new package of sanctions will also include restrictions on 70 ships of the “shadow fleet”.
It's official: EU extends economic sanctions against Russia until the end of July
The EU Council has officially extended economic sanctions against Russia until July 31, 2025. The restrictions cover trade, finance, energy, technology and other sectors.
Putin’s alternative to dollar fails to excite Brics partners - FT
Russia presented the BRICS Bridge project as an alternative to SWIFT at the Kazan summit. China, India, and other BRICS countries show little practical interest amid the risk of secondary U.S. sanctions.
China's exports to Russia hit a record amid sanctions
In September, China's exports to Russia reached a record $11. 25 billion, up 16.6%. At the same time, imports from Russia fell by 9.2% due to sanctions that made international payments more difficult for Moscow.
Russia passes new law on cryptocurrency to avoid Western sanctions
Russia has authorized the use of cryptocurrencies in international trade to circumvent Western sanctions. The new law will come into force in September, but will not affect the ban on cryptocurrencies in the country.
G7 plans to send tough warning to Chinese banks about ties with Russia - Reuters
The G7 is expected to issue a strict warning to small Chinese banks to stop helping Russia evade Western sanctions over the war in Ukraine.
The dollar dominates global trade and reserves - IMF
According to the IMF's Geeta Gopinath, the US dollar remains the dominant currency, accounting for more than 80% of trade transactions and almost 60% of foreign exchange reserves, despite rising geopolitical risks and gradual diversification into other currencies.
Ukraine calls on FATF to blacklist Russia amid growing ties with Iran and North Korea
Ukraine has called on the FATF to blacklist Russia at its upcoming meeting due to Russia's growing financial ties with Iran and North Korea, which threaten global security.
EU extends economic sanctions against Russia for another six months
The European Council has extended economic sanctions against Russia for another 6 months until July 31, 2024 in response to Russia's actions to destabilize the situation in Ukraine. The sanctions, first introduced in 2014, have been significantly expanded since February 2022 and include restrictions on trade, finance, technology, industry, transportation and luxury goods.