Browsing: Russia

A move away from conducting financial transactions through Western payment systems, including SWIFT, is vital for Russia and its trading partners, the head of the country’s second-largest lender has said.

Lithuania has resumed purchasing grain from Russia after a lengthy hiatus, importing more than 12,000 metric tons in February, worth around $2 million, RIA Novosti reported on Wednesday, citing statistical data.

Egyptian President Abdel Fattah El-Sisi hosted Russian spy chief Sergei Naryshkin and his accompanying delegation in Cairo. The meeting was…

New Western sanctions against Russian metals are a weapon that cuts both ways, Kremlin spokesman Dmitry Peskov has said. The US and UK have targeted Russian-origin aluminum, copper, and nickel, aiming to reduce Moscow’s export revenues.

The UK might not actually confiscate Russia’s immobilized assets despite political pledges to do so because such a step would violate the rule of law and lead to a litany of legal quandaries, according to sanctions experts cited by Politico in an article on Monday.