Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.
October 27, 2022The sanctions are a response to Putin's attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.
October 3, 2022The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.
September 30, 2022Russia is now in third place on a list of non-mainland jurisdictions using the yuan for global payments, after Hong Kong and the UK.
September 6, 2022Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.
August 3, 2022New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
May 9, 2022New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin's adult daughters, and more Russian officials and oligarchs.
April 7, 2022Sberbank and Gazprombank not included in ban; Global banks demonstrating "extreme caution"; Crypto exchanges under pressure to Russia-linked transactions.
March 3, 2022The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
May 3, 2019