[unable to retrieve full-text content]

There was no other way to make debt and foreign trade settlements, according to the regulator The Central Bank of Russia (CBR) explained on Friday why half of the country’s foreign currency reserves were being held abroad, which enabled their seizure by Western governments.

Brussels intends to reject a US tariff proposal and instead embargo oil imports from Russia, press reports claim Snubbing US Treasury Secretary Janet Yellen’s proposal to impose tariffs and thereby mitigate a global price spike, the European Union is preparing to embargo all imports of oil from Russia sometime next week, the New York Times…