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VTB Bank’s Andrey Kostin warns that ‘it’s very dangerous to rely on America’, after Russia’s second-largest lender lost billions last year upon being cut off from the US dollar and euro.
An increase in yuan settlements with the largest South American country shows how Beijing is trying to prevent China from being financially strangled amid US decoupling.
Western sanctions on Russia over its invasion of Ukraine have renewed debate in China about overhauling the exchange rate regime and loosening dependence on the US dollar.
Would cut off iran's central bank and national development fund from the u.s. banking system. you said that with those sanctions the administration has, quote, cut off all sources of funds to iran. does this mean at this point in that the trump administration has exhausted its ability to sanction iran or are there still other avenues? >> i think there are some other avenues. i think we've now cut off all of the money. the thing we're focusing on now is people that are violating the iran sanctions and issuing sanctions on third parties where we see violations. >> including people in allied coun...
Fund from the u.s. banking system. you said that with those sanctions the administration has, quote, cut off all sources of funds to iran. does this mean at this point in a the trump administration has exhausted its ability to sanction iran or are there still other avenues? >> i think there are some other avenues? >> i think we've now cut off all of the money. the thing we're focusing on now is people that are violating the iran sanctions and issuing sanctions on third parties where we see violations. >> including people in allied countries like the u.k. or germany or france. >> if they violat...