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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.
Hungary’s strategic role in Europe’s green transition took centre stage at the AFCA Financial Summit Forum 2025 in Budapest.
Chinese Foreign Minister Wang Yi wrapped up a whirlwind visit to Islamabad with a pledge of continued support for Pakistan and a call to accelerate the second phase of the China-Pakistan Economic Corridor (CPEC), a key component of the Belt and Road Initiative.
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.