Anna Golubova Russia’s largest lender Sberbank sold 100 tonnes of precious metals, and 89 tonnes of that was silver. Sberbank customers have opened 300,000 new unallocated metal accounts between January…
Renminbi Photo: VCGThe Chinese yuan became the most traded currency on the Moscow Exchange for the first time on Monday, with trading turnover in the yuan-ruble pair reaching 70.3 billion…
The group is reportedly set to develop alternative payment mechanisms to shift away from the US dollar and euro © Getty Images / Akapong Osotsil / EyeEm The BRICS countries are working…
© AFP 2022 / STR Rishikesh Kumar All materialsWrite to the author Exclusive Indian businesses switched to non-US dollar payments to secure lucrative deals with Russia. Following anti-Russia sanctions, many…
The world is being robbed “through the power of the dollar and the technological supremacy” of the West, the Russian president says FILE PHOTO. A dollar bill © Peter Dazeley via Getty…
Dollars and euros cannot be used to feed people, the Russian leader says © Sputnik / Mikhail Metzel Paper money printed up by Western nations will not heat homes or feed…
© Sputnik / Alexei Danichev / Go to the mediabank MOSCOW (Sputnik) – Brazil, Russia, India, China and South Africa (BRICS) are discussing the possibility of creating a single currency,…
Islamabad is reportedly aiming to get rid of the US dollar in economic cooperation with Moscow © Getty Images / picture alliance / Contributor The possibility of trading with Russia in rubles…
© Sputnik / Ramil Sitdikov MOSCOW (Sputnik) – Moscow considers the decision of Turkish state-owned banks to abandon the use of Russia’s payment system Mir as forced, as it was…
© Sputnik / Grigory Sysoev / Go to the mediabank UNITED NATIONS (Sputnik) – Venezuela welcomes the wider use of the ruble at its resorts and hopes that tourist flows…
Chinese State Councilor and Foreign Minister Wang Yi, second right, attends the meeting of the BRICS foreign minister in New York, the United States, September 22, 2022. (Photo by Xinhua)…
The country’s envoy says the mechanism should be similar to the one between Russia and India © Getty Images / Anadolu Agency Moscow and Kathmandu could create a mechanism for mutual settlements…
The SPFS now includes more than 100 foreign entities from 12 countries © Sputnik / Aleksei Malgavko Russia’s SPFS interbank messaging system has expanded at record pace this year, Alla Bakina, the…
By Global Times China’s central bank Photo: CFP China will push for the expanded use of the digital yuan from the first four trial cities — Shenzhen in South China’s…
September 19, 2022 They don’t have the gold for this takedown as all eyes remain watching the US dollar, plus collapsing confidence. They Don’t Have The Gold For This TakedownSeptember…
Moscow is eager to significantly strengthen trade ties with Ankara in all areas of interest © Getty Images / Anadolu Agency Russian gas supplies to Turkey will be partly paid for in…
US dollars and Euro bills are pictured on September 6, 2022 in Brest, western France. (Photo by AFP) US officials have admitted to the ineffectiveness of the sanctions slapped by…
The Soyuz Vostok project is expected to deliver 50 billion cubic meters of natural gas annually Gazprom is finalizing construction details of the Soyuz Vostok gas pipeline project with its Chinese and…
© AP Photo / Desmond Boylan MOSCOW (Sputnik) – Cuba will begin accepting Russia’s Mir payment cards by the end of the year, Minister of Tourism Juan Carlos Garcia Granda…
Illustration: Chen Xia/Global TimesAs the US Federal Reserve’s monetary tightening policy is set to wreak havoc and cause shocks across the global economy, there is increasing urgency for China, Russia,…
Sber says the foreign-currency deposits of its biggest clients are down 94% © Getty Images / Jed Share Russia’s biggest bank has recorded a 17-fold decrease in foreign-currency savings on the balance…
Gas giant also plans to move 25% of sales to Turkey to rublesKremlin seeking to move trade out of ‘unfriendly’ currencies Bloomberg News Gazprom PJSC said it will shift its contract…
The Central American country may allow the use of Mir cards on its territory, TASS reports, citing the finance ministry © RIA/Ilya Naimushin Nicaragua is ready to explore the use of…
© Sputnik The Eastern Economic Forum has become a key platform for discussing pressing issues involving cooperation between Russia’s Far Eastern regions and members of the Association of Southeast Asian…
Cairo reportedly hopes the move could help boost its tourism sector © Getty Images / Eugene Gametzky / EyeEm The Russian ruble may be included in a list of currencies accepted for…
Deputy Economy Minister Ilya Torosov expects de-dollarization to only intensify © Getty Images / Ilkay Dede / EyeEm Trading volumes in the currencies of “friendly nations” will multiply in the near future, according to…
© Sputnik / Alexandr Demyanchuk / Go to the mediabank MOSCOW (Sputnik) – Russia’s Gazprom and China’s CNPC have agreed to make payments for gas supplies in rubles and yuan…
Trade turnover is expected to grow due to Tehran’s efforts to ramp-up exports © Getty Images / Kaveh Kazemi Tehran’s efforts to boost exports to Russia should help trade turnover between the…
Yuan, ruble to supplant dollar as gas settlement currency: Gazprom By Qi Xijia The logo of Russia’s energy giant Gazprom is pictured at one of its petrol stations in Moscow…