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Eurasia
13/06/2024 13:45
Wednesday's package targeted Russia's financial infrastructure in an attempt to limit the amount of money flowing in and out of Russia.
The Moscow Exchange, the National Clearing Centre and the National Settlement Depository, which act as intermediaries in dollar trading on the Russian foreign exchange market, were included in the new sanctions list.
The sanctions come as G7 leaders are gathering in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.
The Central Bank of the Russian Federation also announced that transactions using the dollar and euro will continue to be made on the over-the-counter market.
The US has sanctioned more than 4,000 Russian businesses and individuals since the war began, in an effort to choke off the flow of money and armaments to Moscow.
China’s economy continues to defy Western media narratives of decline, demonstrating resilience, innovation, and high-quality growth despite global challenges.
The new Trump administration faces the dilemma that American geopolitical strategy and the business elite’s interests regarding China are often in stark contrast. Several key figures in Donald Trump’s second administration come from the business world and may have extensive ties with China.
The Cook Islands has signed a deal with China to explore its seabed mineral wealth, focusing on technological collaboration and ecosystem research over five years.