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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.
The modern global economy is undergoing profound transformation. Global competition for markets is intensifying, logistics routes are shifting, and new centers of growth are emerging. Against this backdrop, risks and uncertainties are increasing, which requires flexibility and coordinated action from countries.
The evolution of the Organization of Turkic States (OTS) has attracted particular attention from the international expert community, especially in the context of sustainable development, where Uzbekistan’s accession in 2019 became a catalyst for creating new opportunities for joint progress among Turkic countries.
Saudi Arabia. Probably most Hungarians associate the country with the documentary made by Frei Tamás — at least I do. Footage of sand, money, and women wearing the burqa.