Tag: Electronic payments
China’s coal imports from Russia are faltering
coal loading Coal prices from exporters like Indonesia, Australia and South Africa have jumped this week. (Photo: Reuters) Beijing, Singapore China is cutting back on its imports of Russian coal…
US wants to make Ukraine invasion “a strategic mistake”.
Joe Biden The US President’s advisors are satisfied with the effects of the previous sanctions against Russia. (Photo: Bloomberg) new York The ruble is falling, inflation is rising, hundreds of…
How Bitcoin and Co. suddenly gain momentum during the war
Bitcoin representation Cryptocurrencies could in certain cases be used to circumvent sanctions. (Photo: Reuters) Frankfurt, Dusseldorf, New York For a long time, the Central Bank of Russia considered cryptocurrencies a…
US wants to make Ukraine invasion “a strategic mistake”.
Joe Biden The US President’s advisors are satisfied with the effects of the previous sanctions against Russia. (Photo: Bloomberg) new York The ruble is falling, inflation is rising, hundreds of…
China’s Swift alternative Cips could benefit from sanctions
Chinese bank counter The Swift sanctions could strengthen China’s payment information system Cips. (Photo: Xu jingbai – Imaginechina/laif) Beijing The exclusion of Russian banks from the payment information system Swift…
The new strategy of the West
Ursula von der Leyen and Josep Borrell The EU is changing course in its sanctions policy. (Photo: AP) Brussels On Thursday, Europe’s leaders announced that they had agreed on the…
13 banks & payment service providers are sticking with the EPI payment solution
Payments on the Internet EPI’s goal was to create its own payment system in order to become more independent of powerful US corporations such as Mastercard, Visa and Paypal. (Photo:…
EU tightens sanctions against Russia’s financial system – but not completely
Demonstration in London Broad wave of solidarity. (Photo: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over…
Europe & Joe Biden advise
Demonstration in Hamburg Demonstrators across Europe today called for Russia to be excluded from the Swift international payments system. (Photo: dpa) Berlin Western states exclude Russian banks from the Swift…
Europe & Joe Biden advise
Demonstration in Hamburg Demonstrators across Europe today called for Russia to be excluded from the Swift international payments system. (Photo: dpa) Berlin Western states exclude Russian banks from the Swift…
Russia’s Swift exclusion is getting closer: Scholz is negotiating a compromise
Demonstration in Hamburg Demonstrators across Europe today called for Russia to be excluded from the Swift international payments system. (Photo: dpa) Berlin The exclusion of Russian banks from the international…
Germany signals approval in the dispute over Swift exclusion from Russia
protests The exclusion of Russia from the Swift payment system is considered a tough measure. (Photo: imago images/Jochen Eckel) Berlin Russia’s exclusion from the Swift international payment system is becoming…
Scholz is coming under increasing pressure from Russia sanctions
Olaf Scholz at the recent EU summit The chancellor’s course is provoking more and more criticism. (Photo: dpa) Berlin In the debate about tougher sanctions against Russia after the attack…
One good reason for and four against
Logo of the Belgian company Swift Banks exchange information with each other via the Swift system. (Photo: REUTERS) Berlin, Brussels, Frankfurt There’s a simple reason why Russia hasn’t yet decoupled…
Experts fear Russia could bypass Swift
demonstrator in Berlin No Swift for Russia – that’s what citizens and many politicians are demanding. But experts fear that Russia could sidestep the sanction by switching to cryptocurrency. (Photo:…
Postbank terminates certain checking accounts
postal bank Postbank terminates the current accounts of customers who do not agree to the bank’s current prices and conditions. (Photo: dpa) Frankfurt Postbank is the first large private customer…
ECB tightens control of Russian bank subsidiaries in the EU
The logo of the Russian VTB Bank The Russian financial institutions could become one of the main targets for EU and US sanctions over the escalation in Ukraine. (Photo: Reuters)…
Why Olaf Scholz has prevented them so far
Brussels Olaf Scholz and Ursula von der Leyen at the special summit of EU heads of state and government on the situation in Ukraine. (Photo: dpa) Brussels The greatest strength…
Why Olaf Scholz has prevented them so far
Chancellor Olaf Scholz Germany has spoken out against capping the Swift system for Russia. (Photo: via REUTERS) Brussels The greatest strength of the West, it has been said for weeks,…
First calls for Russia to be excluded from the Swift payment system
Moscow Russian banks would have to switch to other systems if they are decoupled from Swift. (Photo: Bloomberg) Brussels, Frankfurt, Berlin, Stockholm The West’s punitive measures are said to hit…