Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims
Yuan benefiting from sanctions on Russia – tycoon
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The share of Chinese yuan in global payments has nearly doubled because of the sanctions policies pursued by the US and the EU, Russian businessman Oleg Deripaska said on Wednesday.
The aluminum magnate referred to a report in the Financial Times, which cited figures showing that global settlements carried out in the Chinese currency had gone from 1.9% in January 2023 to 3.6% in October.
“The number of worldwide transactions made in Chinese yuan has doubled over the past year, highlighting the extreme success of European and American sanctions policies,” Deripaska said in a sarcastic remark on his Telegram channel.
The billionaire added that volumes of cross-border trade payments in Chinese yuan would exceed those made in euro within just four years.
“And at this point the sanctions can be considered a finished exercise,” he added......more
https://www.rt.com/business/588608-deripaska-sanctions-yuan-transactions-growth/
Russian Foreign Ministry spokeswoman Maria Zakharova earlier said that the treaty provides for various forms of bilateral cooperation.
The comprehensive strategic partnership agreement between Russia and Iran has entered into force, Iranian Ambassador to Russia Kazem Jalali told Sputnik.
"It is already binding," Jalali said when asked about the date of entry into force of the agreement, as well as whether Iran had notified Russia of the completion of internal procedures.
He recalled that the treaty was ratified by both chambers of the Russian parliament, and Russian President Vladimir Putin signed it. At the same time, the document was ratified by the Iranian parliament, approved by the Guardian Council, and the president issued it as a law.
"Therefore, in both countries it currently has the form of a law and, naturally, has entered into force," Jalali said.
On January 17, Putin and his Iranian counterpart, Masoud Pezeshkian, met in Moscow to sign the Comprehensive Strategic ...
Defying the United States threats, ministers from more than 30 nations have packed Bogotá’s San Carlos Palace to charge the Israeli regime with genocide over its October 2023-present brutal military assault against the Gaza Strip.
The dramatic display of international solidarity saw dozens of high-ranking officials from across the globe convene inside the stately palace on Tuesday, determined to hold the regime accountable for, what they unequivocally called, a “war of genocide.”
The two-day emergency summit, organized under the auspices of The Hague Group -- a coalition co-chaired by Colombia and South Africa -- had representatives, ranging from such countries as Algeria and Brazil to Pakistan and Spain, in attendance.
The participants described the drive as a coordinated effort to stop the Israeli atrocities.
Behind closed doors, ministers and envoys, meanwhile, engaged in intensive sessions aimed at drafting collective measures to pressure the regime -- steps expected to be unveiled by ...
