European Central Bank policymaker Ewald Nowotny has warned against kicking Russian banks out of the SWIFT payments transfer system as part of tighter sanctions on Moscow, the Austria Press Agency quoted him as saying on Thursday.
Such a move “we … Read the rest
China’s yuan has become one of the five most widely used currencies in global payments, an international financial transactions agency announced Wednesday.
The yuan passed the Canadian and Australian dollars in popularity in December, according to the Society for Worldwide … Read the rest
By Dmitry Orlov
A year and a half I wrote an essay on how the US chooses to view Russia, titled The Image of the Enemy. I was living in Russia at the time, and, after observing the American anti-Russian … Read the rest
The two biggest banks in Russia, Sberbank and VTB, are in talks to create an alternative to the SWIFT global system for interbank financial communications, VTB head Andrey Kostin said.
According to Kostin, Russia has two options: either use the … Read the rest
The European Parliament voted Wednesday for US access to the global financial database held by a Belgian company to be suspended because of concerns that the US is snooping on the database for financial gain rather than just to combat … Read the rest