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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.
India and China could resume direct passenger flights as early as September, with an announcement expected during Narendra Modi’s late-August visit to China.
In a world where geography often determines economic destiny, Uzbekistan — one of the world’s few double landlocked countries — is proving that location constraints are not a verdict. On the contrary, Uzbekistan is transforming its Central Asian position into a strategic advantage, opening doors to international business, building platforms for B2B interaction, and attracting billions of dollars in investment.
More than 7.5 million foreigners visited Kazakhstan over the first half of 2025, said Baurzhan Alenov, first deputy minister of Internal Affairs of Kazakhstan, during a government meeting on July 22. This represents a 600,000 increase compared to the same period last year.