Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.
January 17, 2023A WTO panel found that the US violated an obligation towards Hong Kong by giving it less favourable treatment than other WTO members.
December 23, 2022The arrangement will enable Chinese and Pakistani companies and FIs use RMB in cross-border transactions, thereby promoting trade and investment between the two countries.
November 3, 2022Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.
October 27, 2022Russia 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, 2022The new law formally allows government and local businesses to use cryptocurrencies as payment for imports.
September 2, 2022Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.
August 23, 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, 2022This panel discusses the pressures supply chains are under due to trade restrictions, sanctions, and pandemic-related disruptions.
July 25, 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, 2022