Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.
June 22, 2022UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
April 27, 2022Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
March 8, 2022Sberbank and Gazprombank not included in ban; Global banks demonstrating "extreme caution"; Crypto exchanges under pressure to Russia-linked transactions.
March 3, 2022Western leaders have committed to removing "selected Russian banks" from the SWIFT financial messaging system to harm their ability to operate globally.
February 28, 2022The action is separate from the "broad range of high impact measures" the US and its allies may impose if Russia invades Ukraine.
January 24, 2022US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.
April 16, 2021Guy Harrison compares the approaches to China, Iran and Russia we can expect from incumbent Donald Trump and candidate Joe Biden ahead of the US presidential election.
November 2, 2020Nick Turner at Steptoe & Johnson discusses how sanctions could be imposed against Hong Kong. While current signs point to a limited US response, it’s best to be prepared.
June 8, 2020Standard Chartered made a series of loans to a Turkish private bank, which at the time was almost wholly owned by Sberbank, a sanctioned Russian bank.
April 8, 2020