finances

Turkey and Russia may pay for gas in national currencies

Turkey and Russia may pay for gas in national currencies

Turkey and Russia continue trade in national currencies and they can similarly pay for gas, a source in banking consulting in Ankara said when asked to comment on the situation with U.S. sanctions on Gazprombank, TASS reported. …

Russia and Iran say goodbye to dollar in mutual trade

Russia and Iran say goodbye to dollar in mutual trade

Moscow and Tehran are no longer using the dollar in mutual trade transactions and have shifted to national currencies thanks to previously signed agreements between the two countries in the financial sector, Governor of the Iranian Central Bank …

Banks in 9 countries suspend service to Russia's UnionPay

Banks in 9 countries suspend service to Russia's UnionPay

Today, banks in Turkey, the UAE, Thailand, Hungary, Vietnam, Germany, Kazakhstan, Qatar and China have stopped servicing UnionPay cards issued by Russian Gazprombank. The issue has been observed across both state banks …

Pilot project for interbank QR payments launched in Kazakhstan

Pilot project for interbank QR payments launched in Kazakhstan

The National Bank of Kazakhstan and National Payment Corporation have launched a pilot project for interbank QR payments, the National Bank said. The first transaction took place on November 15 during the Kazakhstan Financiers Congress …

Finance Day underway at COP29

Finance Day underway at COP29

The Finance, Investment, and Trade Day (Climate FIT Day) is being held in Baku as part of COP29. Today, the presentation of the Baku Initiative on Climate Finance, Investment, and Trade (BICFIT) will take place. The Baku …

Bitcoin price up to over $71,000

Bitcoin price up to over $71,000

The price of Bitcoin has surpassed $71,000 for the first time since June 7, according to Binance platform data. By 5:24 a.m. Moscow time (2:24 a.m. …

Media: Auchan to leave Russia

Media: Auchan to leave Russia

The Auchan retail chain will sell its Russian branch. The group has already found two potential buyers. However, the sale could face difficulties due to sanctions.

BRICS states may integrate payment systems

BRICS states may integrate payment systems

Member states of the BRICS group of nations are discussing Iran’s initiative to integrate their national payment systems within the group’s framework, Russia's Deputy …

Mir payment system launched in Myanmar

Mir payment system launched in Myanmar

The Mir payment system has started limited functioning in certain restaurants and shopping centers in Myanmar, the Russian Embassy in the country said. …

Islamic Development to finance major projects in Uzbekistan

Islamic Development to finance major projects in Uzbekistan

Uzbekistan's Ambassador Nodirjon Turghunov held a meeting with Director of the Operations Policy and Services Department at the Islamic Development Bank (IDB) Anasse Aissami. The parties discussed further accelerating cooperation …

Moscow cancels export duties on Russian coal

Moscow cancels export duties on Russian coal

Russia’s government waived export duties on coal for four months in a bid to support its domestic industry. The duties will be canceled from May 1 through August 31, the Russian government said. Russia had previously …

Bank of Georgia purchases Armenia's Ameriabank

Bank of Georgia purchases Armenia's Ameriabank

Armenia's Ameriabank has announced the completion of the transaction for its purchase by the Bank of Georgia Group and a change of shareholders. The Armenian bank says on its website that its new shareholders are Bank of Georgia …