Browsing: trade

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.

The Egyptian pound has slumped against the US dollar, recording EGP 48.68 for buying and EGP 48.78 for selling in trading at the Commercial International Bank (CIB) of Egypt, as per the bank’s latest update on April 15th.

Washington has banned the import of Russian-origin aluminum, copper, and nickel into the US, and coordinated with the UK to crack down on the trade of these metals on global exchanges.