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By Rhod Mackenzie

Russian importers can no longer use Chouzhou Commercial, a Chinese bank that was previously their main settlement center. Transactions have been halted through both SWIFT and the Russian SPFS with the Chinese CIPS. According to the Deputy Chairman of the Board of SME Bank Alexey...

By Rhod Mackenzie

According to a study by financial intelligence company Sayari, it is possible that certain Russian banks may have found a way to bypass the ban on importing cash dollars and euros into Russia by exchanging gold for them in the United Arab Emirates and Turkey. Bloomberg reported o...

By Uriel Araujo

According to Financial Times, Brazilian imports of diesel from Russia last year skyrocketed, with a staggering 4,600 per cent increase pertaining to total value - from $95 million worth of diesel purchases in 2022 to $4.5 billion. Purchases of fuel oil in turn rose by about 400 pe...

By Rhod Mackenzie

Russia and Turkey are preparing for their first leaders' meeting of the year, tentatively scheduled for February 12 in Ankara. The parties will discuss key issues of bilateral cooperation, including the creation of a Turkish-Russian bank to solve payment transfer problems, amidst...

By Rhod Mackenzie

Turkey must resist Western pressure to apply anti-Russian sanctions based on its own national interests. According to Dogu Perincek, the chairman of the Turkish Vatan (Homeland) party, this is inevitable.

Perincek stated that Turkey can only overcome its current economic proble...

By Rhod Mackenzie

According to the Union of Grain Exporters, Turkey remained the primary importer of Russian grain and wheat during the first half of the 2023-2024 season (from July 1, 2023 to June 30, 2024).

According to the union's telegram channel, Turkey remained the top importer of Russian...