One of Russia’s largest private lenders, Tinkoff, has launched transfers in Thai baht via the SWIFT messaging system, the business daily RBK reported on Tuesday, citing a representative of the bank.

The European Commission (EC) has substantially raised its growth projection for the Russian economy this year, issuing revised figures in its Autumn 2023 Economic Forecast released on Wednesday. Russia’s economy is set to rebound on the back of “stronger-than-earlier expected domestic demand underpinned by fiscal stimulus,” according to the EC.

The stopgap funding to avoid a government shutdown was approved by the House in a bipartisan vote The US House of Representatives approved a bill on Tuesday which Speaker Mike Johnson proposed last week to avoid a government shutdown. The Republican caucus was split over the vote, while all but two Democrats supported it.