The sanctioned countries no longer need the Western system for transactions, the deputy head of the Central Bank of Iran has announced Iran and Russia have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has said.
){kind=link}
Cross-border sales were halted last month in a bid to stabilize the domestic market The Russian government has lifted restrictions on diesel exports, but a ban on gasoline shipments out of the country remains in place, the press service of the Council of Ministers announced on Friday.
){kind=link}
Turnover between January and August soared past $155 billion, customs data has shown Trade between Russia and China has maintained its brisk momentum since reaching record levels in 2022, with exports and imports experiencing robust growth since the start of this year, as per this week’s update from the Russian Customs Service.
){kind=link}