KTFA: Samson: Tehran Stock Exchange launches bilateral trading of the Iranian riyal and the Russian ruble
19th July, 2022
The Governor of the Central Bank of Iran, Ali Salehabadi, said yesterday, Monday, that the currency exchange has launched trading in the Iranian riyal and the Russian ruble.
Abadi stated that the stock exchange has started trading the binary “Iranian riyal/Russian ruble”.
The governor of the Central Bank of Iran added, “The opening of trading in the two-currency ruble/Iranian rial is an important step in developing economic relations between Iran and Russia.” LINK
Samson: The European Union eases sanctions on Russian banks
19th July, 2022
Press sources revealed today, Tuesday, that the European Union will amend the sanctions it imposes on Russia, tomorrow, Wednesday, to allow the unfreezing of some Russian bank funds.
“The European Union will adjust its sanctions against Russia, tomorrow, Wednesday, to allow the unfreezing of some Russian bank funds, which may be needed to ease bottlenecks in the global trade of foodstuffs and fertilizers,” Reuters reported.
And she added that “a draft document showed that under the amendment expected to be approved by the European Union envoys, tomorrow, Wednesday, the union will be able to unfreeze economic resources owned by the largest Russian banks, which are “VTB”, “Sofcombank”, “Novicombank” and “Novikumbank”. Otkrit Bank, Promsvyaz Bank and Bank of Russia.
The move comes amid criticism from African leaders over the negative impact of the sanctions on trade, which may have exacerbated shortages caused mainly by Russia’s invasion of Ukraine and its blockade of its Black Sea ports.
The European Union has so far denied that “its sanctions have hurt the food trade”. LINK
