U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous measures. US Treasury Prepared to Enact Sanctions Against Chinese Banks […]
Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $ 1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described these sanctions as a “self-destructive” policy, criticizing the EU for making what he termed a costly political decision. He highlighted …
Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging their potential benefits. He emphasized the Central Bank of Iran’s authority in managing digital assets […]
Duvvuri Subbarao, former Governor of the Reserve Bank of India, cast doubt on Donald Trump’s proposal to impose 100% tariffs on BRICS nations if they abandon the dollar, calling it legally and practically uncertain. He questioned whether U.S. laws allow sanctions based solely on shifting away from the dollar or how such actions would be […]
China is closely studying Russia’s strategies for countering Western sanctions, viewing the situation as a model for preparing against similar economic measures in case of a Taiwan conflict. Beijing has reportedly formed an interagency group to analyze Russia’s experiences, from foreign reserve diversification to sanctions evasion tactics like shadow fleets and alternate trade routes. Chinese […]