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Yuan benefiting from sanctions on Russia – tycoon

Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims The share of Chinese yuan in global payments has nearly doubled because of the sanctions policies pursued by the US and the EU, Russian businessman Oleg Deripaska said on Wednesday.

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Caribbean country embraces Russia’s alternative to MasterCard

Mir payment cards are now reportedly accepted in popular tourist destinations in Cuba Cuba has started accepting Russia’s Mir payment cards at point of sale (POS) terminals, the press service of the Russian National Payment System (NSPK) has said.

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Venezuela adds disputed oil-rich region to its map

Energy companies should start exploration in “our Guyana Esequiba,” President Nicolas Maduro has said Venezuelan President Nicolas Maduro has displayed an updated map showing a resource-rich territory disputed with neighboring Guyana as a part of Venezuela.

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