The UK, Germany, France, Russia, and China have agreed to establish a special payments system to circumvent U.S. sanctions on Iran stemming from President Trump's unilateral withdrawal from the 2015 nuclear deal, Financial Times reports.
The payments channel would be an alternative to SWIFT, the backbone of the global financial system...
Chechen Republic President Ramzan Kadyrov and the CEO of the Russian Association of Blockchain and Cryptocurrencies (RACIB) Yurii Pripachkin have signed an agreement to create a mining pool based in the Russian republic, Bitcoin.com reported.
A mining pool will be the first step in bringing to life a project...
Recent revelations that Denmark's biggest bank, Danske, via its Estonian subsidiary, had laundered 235 billion of illicit Russian cash between 2007 and 2015 are "the biggest scandal in Europe today," EU Justice Commissioner Vera Jourova said on Tuesday, according to Deutsche Welle.
Danske's CEO Thomas Borgen resigned last week and...
Russian businessman Andrey Shlyakhovoy, who bought Russian state-controlled bank VTB’s Serbian business, wants to protect the unit from U.S. sanctions and therefore will not merge it with his Agrosoyuz bank, which is on Washington’s sanctions list, Reuters reported citing a representative for the businessman.
The U.S. Treasury Department added Shlyakhovoy’s...
Shares in U.S.-sanctioned Russian companies Rusal and EN+ outperformed on Monday as the Treasury Department again extended a deadline for investors to sell shares in these firms, Reuters reported.
Shares in EN+ rose on the Moscow Exchange by gaining 6.1 percent after the U.S. Treasury extended the deadline until Nov. 12 for investors...
Russia’s losses from steel and aluminum tariffs introduced by the United States stand at around $600 million, the country’s Economic Development Minister Maxim Oreshkin said in an interview, according to TASS.
"We have already calculated the damage done to our economy by this decision of the United States, it stands...
The United States imposed sanctions on the Chinese military on Thursday for breaching a sweeping U.S. sanctions law punishing Moscow for meddling in the 2016 U.S. election with buying Russian missile systems and fighter jets, The Guardian reports.
In Beijing, the Chinese government expressed anger and demanded the sanctions...
Plans to offer access to the 50 most liquid U.S. shares at the Moscow Stock Exchange were put off on due to a political standoff with the West, the MSE announced on Friday, according to Vedomosti.
Russia is bracing itself for more U.S. sanctions that could hit Russian sovereign debt...
Russia’s sovereign wealth fund, the RDIF, is planning more investments with China’s Alibaba after the two became partners in a $2 billion joint venture in the country this month and separately invested in a developer of augmented reality technology, the RDIF’s head has said according to Investing.com Russia.
Last week,...
The U.S. Treasury has extended a deadline until November 12 for investors to divest holdings of debt, equity, and other assets in sanctioned Russian aluminum giant Rusal and its parent holding company EN+, Bloomberg reports.
The announcement on Friday said the extension was being provided to allow the companies to...
