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The Latest Breaking News from SWIFT

Iran, Russia Link Banking System Amid Western Sanctions

A senior Iranian official said Monday that Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions as both Tehran and Moscow are chafing under Western sanctions. Since the 2018 reimposition of US sanctions on Iran after Washington ditched Tehran's 2015 nuclear…

Asharq Al-Awsat

Iran, Russia link banking systems amid Western sanction

Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under Western sanctions.

Reuters

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Fortune

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New office building planned for Hunter Street

The developers behind the Swift offices in Hunter Street have launched a second project just down the road.

Newcastle Herald

These 7 Cryptocurrencies Are ISO 20022 Compliant - Are They The Future Of Payments?

First of all, what is ISO 20022? ISO 20022 is an ISO standard for electronic data interchange among financial institutions. It describes a metadata repository containing descriptions of messages and business processes and a maintenance process for the repository content.

Benzinga

Sue Fortescue obituary

Other lives: Linguist and IT specialist involved in ensuring the resilience of international banking systems at the millennium

The Guardian - UK

Amid Western sanctions, China’s yuan has its moment in Russia

The Chinese currency is popular because of the ‘toxicity’ of the dollar and euro for Russians, say experts.

Al Jazeera

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New 'tap and go' payment scheme for West Midlands buses

System is being developed over the next two years which will also cap fares for passengers

Birmingham Post

How Roxe Uses The Blockchain To Lower Cost And Transaction Times In Cross-Border Remittance

Benzinga is hosting a two-day crypto event at New York City’s Pier Sixty, Dec. 7-8, 2022.

Benzinga

Ukraine war has important lessons for us: IAF Chief

Irrespective of international treaties, friendship between countries will come second to a nations security, says ACM Chandhari

The Hindu

Celtic and Rangers on alert as landmark legal challenge could 'open the door' to cross border league

FC Swift Hesperange of Luxembourg have filed a claim against UEFA as they bid to join a proposed breakaway competition involving clubs from Belgium and the Netherlands.

Daily Record

Iran to Start Accepting Russian Mir Payment Cards Soon

Iran will soon start accepting payments made with Russia's Mir bank cards, a top official was quoted by Russia's RIA news agency as saying, making it the latest country to adopt the Russian-made alternative to Visa and Mastercard. "I think this payment system will be activated in Iran soon," RIA…

Asharq Al-Awsat

Explained | Will RBI move help greater trade in rupee?

Which countries are likely to be interested in India’s rupee settlement facility? Will payment issues with Russia ease?

The Hindu

India, Russia share a vision of how the world should develop: Ambassador Alipov

No expansion of BRICS in haste, says Russia’s ambassador Denis Alipov

The Hindu

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Radio France Internationale

AU chair Macky Sall heads to Russia for talks with Putin over food security

The head of the African Union, Senegalese President Macky Sall, is scheduled to speak with President Vladimir Putin in the south-western Russian city of Sochi in a bid to offset Africa's impending food crisis due to the war in Ukraine.

Evening Standard

Best bars in London Soho, from Swift to the Mulwray

Abbie Moulton takes a sip of W1

The Guardian - UK

Attack on chemical plant in Sievierodonetsk criticised by Zelensky – as it happened

Ukraine president calls bombing of major chemical plant ‘madness’; Gazprom halts gas flows to companies in three western European countries

France 24

Russian forces now control 'most' of Severodonetsk, local governor says

Russian forces now control "most" of the eastern Ukrainian city of Severodonetsk after days of fierce fighting, the regional governor of Luhansk said Tuesday. Governor Sergiy Gaiday said "90 percent" of the city was destroyed and there was now no possibility of leaving Severodonetsk. Read our live blog to see…

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Caixin Global

Opinion: Three Ways China-West Economic Ties Could Play Out Post-Pandemic

An entangled economic relationship will become a norm, with some decoupling and recoupling depending on the sector

Al Jazeera

For Russians, flying abroad is a difficult, costly affair

Russian airlines are slowly reentering overseas markets as they navigate sanctions and isolation over Ukraine war.

Reuters

Explainer-How the U.S. could tighten sanctions on Russia

The United States has imposed several rafts of sanctions on Russia over its invasion of Ukraine in February, targeting its central bank, major lenders, oligarchs and Russian President Vladimir Putin.

Al Jazeera

EU chief proposes Russian oil ban in new round of sanctions

The proposal, if accepted by EU members, seeks to stop crude oil imports in six months, refined products by end of 2022.

Radio France Internationale

EU chief calls for phased ban on Russian oil in fresh set of sanctions

The European Commission President Ursula Von der Leyen has proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning the country's top bank, in a bid to deepen Moscow's isolation.

Axios

EU leader announces plan to ban Russian oil imports

Ursula von der Leyen also proposed disconnecting 3 major Russian banks from SWIFT global banking payment system.

WEKU

EU leader calls for Russian oil ban in new set of sanctions

The EU chief concedes that that getting all 27 member countries — some of them highly dependent on Russia for energy supplies — to agree on oil sanctions will be extremely difficult.

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