Aside from dealing with banking sanctions from United States, European Union and British leaders, Russia’s financial services were further handicapped when the National Bank of Ukraine (NBU) revoked the licenses and liquidated the assets of two Russian banks — Sberbank and VEB, according to a...
Payments for India’s urea deal with Iran — its first long-term Iranian import contract for the fertilizer since 2019 — will likely be made in rupees, Reuters reported Thursday (Feb. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Russian lender VTB said Western sanctions on its operations would limit the use of its cards outside Russia, and warned customers in other nations to withdraw money or pay through different banks. Get the Full Story Complete the form to unlock this article and enjoy...
The booming outsource tech sector from the Ukraine is at risk following the Russian invasion Thursday (Feb. 24), The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The EU and the U.S. are formally signing off on sanctions against Russia in response to President Vladimir Putin’s decision to invade Ukraine, but the penalties stop short of booting Russia from the global SWIFT payments network. Get the Full Story Complete the form to...
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In today’s top Europe, Middle East, and Africa news, the Russian invasion into Ukraine triggered more than $242 million in liquidations in the crypto market, while Allegro, one of the largest eCommerce websites in Europe, reported its revenue was up nearly 34% last year compared...
U.S. President Joe Biden and the leaders of the United Kingdom, dozens of European countries, Oceania and Japan announced sweeping sanctions on Thursday (Feb. 24) aimed at punishing Russia financially in response it its full-scale invasion of Ukraine. Get the Full Story Complete the form...
U.K. Prime Minister Boris Johnson on Thursday (Feb. 24) pushed “very hard” to remove Russia from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) international payments system, which would severely limit the ability of Russia to trade outside the nation, the Financial Times reported. Get...
