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VTB Bank withdraws from Europe as sanction hit
Just days after Sberbank announced its collapse in Austria and subsequent withdrawal from the European banking sector, VTB Bank has also announced it will quit Europe. VTB Bank is Russia’s... read more
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EU pulls trigger on Russia Swift ban – but will it be effective?
The European Union has announced it will exclude seven Russian banks from the Swift messaging system but stopped short of including those handling energy payments. However, there are those questioning... read more
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Russian banks cut off from Swift and Central Bank from international reserves
For all of those of us, myself included, who thought that the sanctions laid out by ally governments around the world on Russia were not strong enough, I think we... read more
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Indecision in Europe as UK and US push for Russian ejection from Swift
A raft of economic sanctions have been heaped on Russian banks and oligarchs as the West promises to make Vladimir Putin pay dearly for invading Ukraine. But even with Russian... read more
The post Indecision in Europe as UK and US push for Russian ejection from Swift appeared first on Payments Cards & Mobile.
SWIFT and PBoC set up JV for internationalisation of digital yuan
SWIFT has set up a joint venture with the People’s Bank of China (PBoC), China’s central bank and its digital currency research institute and clearing centre, responsible for the digital... more
The post SWIFT and PBoC set up JV for internationalisation of digital yuan appeared first on Payments Cards & Mobile.
