Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.
January 22, 2024Special Rupee Vostro Accounts were opened by Russian banks at 14 Indian commercial banks, based on guidelines issued by the RBI in July 2022.
August 3, 2023Russia still has to identify its own corresponding banks to help facilitate trade with India, but this is expected to be announced in the next two weeks.
September 16, 2022China has banned imports of citrus fruit, two types of fish, and food items from 107 Taiwanese brands. Exports of natural sand to Taiwan are banned.
August 4, 2022The mechanism allows international trades to be invoiced and settled using the rupee, enabling India to buy Russian oil without US sanctions exposure.
July 13, 2022Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.
April 15, 2022The BOJ will increase the size of its buy-buying operations in the April-to-June quarter, despite pressure on the yen that is harming businesses.
April 4, 2022Phase 1 connectivity supported exports to Hong Kong and imports from the Mainland, while phase 2 will cover exports to the Mainland and imports from Hong Kong.
November 10, 2021A new Finance Ministry order makes incorrect declaration on exports, imports and investment abroad a jailable offence.
March 23, 2021