Russia’s Top Exchange Cancels Trade Of USD And EUR After Fresh Sanctions LeapRate

Russia’s Top Exchange Cancels Trade Of USD And EUR After Fresh Sanctions

CNN reported that the Russian Central Bank (RCB) and the MOEX published statements to this effect on Wednesday 12 June 2024, a bank holiday in Russia. These were released a mere hour after Washington announced the fresh sanctions. Based on CNN’s report, these penalties aim to hinder the “flow of money and goods” into Russia…

February 08, 2024 BY Simon Mugo

Italy’s Intesa Bank Is on Track To Exit Its Russian Operations Fully

The move was further supported in September when President Vladimir Putin issued a decree allowing for transactions involving these assets. In an interview with Bloomberg Television, CEO Carlo Messina revealed that Intesa has significantly reduced its exposure in Russia to a "minimal" level. Yet, the bank has struggled to wholly disentangle itself from its subsidiary…

Tag: Russian sanctions

Russia’s Top Exchange Cancels Trade Of USD And EUR After Fresh Sanctions

Italy’s Intesa Bank Is on Track To Exit Its Russian Operations Fully

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