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Russia and Iran consider stablecoin for cross-border trade settlement
Local Russian news outlets are reporting that Russia and Iran are considering a stablecoin collaboration to skirt financial and economic restrictions imposed by the US, EU, UK and other countries,... read more
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Citibank forced to shutter Russian operations after no buyer found
Citibank has been forced to shut down its consumer and local commercial banking operations in Russia after it proved impossible to find a buyer for the businesses. The bank announced... read more
The post Citibank forced to shutter Russian operations after no buyer found appeared first on Payments Cards & Mobile.
Russian Central Bank want to eradicate “toxic” foreign currencies from system
The Central Bank of the Russian Federation wants the government to order state companies to convert their foreign-exchange holdings into the currencies of countries that haven’t joined sanctions imposed by... read more
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Russia set to challenge legality of frozen central bank assets
Russia has said it will take legal steps to recover $300 billion of its foreign currency reserves frozen by international sanctions in a bid to overturn one of the hardest... read more
The post Russia set to challenge legality of frozen central bank assets appeared first on Payments Cards & Mobile.
Deutsche Bank, BNP Baribas and Crédit Agricole shut down in Russia
Deutsche Bank was the first to go of the big European banks, officially announcing it will shut down business in Russia due to the ongoing invasion of Ukraine. Now, BNP... read more
The post Deutsche Bank, BNP Baribas and Crédit Agricole shut down in Russia appeared first on Payments Cards & Mobile.
