Page 59 - Cisc News Today

China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter told Reuters.

Danil Yugoslavsky had long hated Vladimir Putin. The tech worker says he protested for fair elections in Russia for several years before he left his homeland in despair in 2017 and eventually settled in Spain.

A standoff over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy.

Japan will unveil a plan on Thursday to mobilise $1 billion to help countries surrounding Ukraine accept refugees from the war-torn country, Finance Minister Shunichi Suzuki said on Thursday.

Ukraine is holding fire until more Western armoured vehicles arrive before it starts its long-awaited counteroffensive to recapture Russian-occupied territory, President Volodymyr Zelenskiy said in an interview released on Thursday.

Russia wants the West to remove obstacles to the export of its grain and fertilisers before it agrees to the extension of a deal allowing safe Black Sea exports of agricultural products from three Ukrainian ports.

Britain said on Thursday it has started supplying Ukraine with Storm Shadow long-range cruise missiles, which will allow Ukrainian forces to hit Russian troops and supply dumps deep behind the front lines.

Germany led calls urging caution against targeting China under new European Union sanctions over Russia's invasion of Ukraine during a first discussion among the bloc's 27 countries on proposed new restrictions, five diplomatic sources said.

The agriculture ministers of five states in the east of the European Union called on the bloc to modify and extend regulations restricting the import of Ukrainian agricultural products, Polish news agency PAP reported, citing sources.

When Russia’s invasion started on Feb. 24, 2022 Gerhard Boesch, the head of Ukraine’s largest lender PrivatBank, had bleak expectations for the immediate future. Soviet bombs would destroy dozens of branches. Power cuts and cyberhacks would disable connections and damage payment systems. Impoverished customers would stop paying back their loans. And of course, there would be a run on the banks.