Western restrictions imposed on Moscow have boosted the Chinese currency, Oleg Deripaska claims
Yuan benefiting from sanctions on Russia – tycoon
© Getty Images / Bloomberg Creative
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/
Nvidia would be barred from shipping advanced artificial intelligence chips to China under bipartisan legislation unveiled Thursday, Bloomberg reported. A Chinese expert said the move is shortsighted, noting that tightening restrictions despite domestic industry opposition will only accelerate China’s tech innovation and further diminish Nvidia’s chances of reentering the Chinese market.
Known as the Secure and Feasible Exports Act, the bill would order the US Commerce Department to halt export licenses for sales of chips to adversaries, including China and Russia for at least 30 months. Any processors more powerful than those already approved for export to those nations would be subject to the measure, the Bloomberg report said.
The legislation comes as the White House weighs whether to allow Nvidia to export the....more below
A high-ranking ICC official, Nicolas Herrera, secretly financed the sanctioned UPC armed group in the Central African Republic, according to court materials obtained by Sputnik.
Nicolas Herrera, a high-ranking official in the Registry Office of the International Criminal Court (ICC), secretly recruited and financed the Union for Peace (UPC) in the Central African Republic (CAR) armed group, led by local warlord Ali Darassa, to capture ICC target Joseph Kony, by using US-based NGO employee Joseph Martin Figueira as a covert intermediary, thereby violating the ICC’s financial accountability standards by funding an armed group, according to a Sputnik correspondent's analysis of public court records.
The conviction of Joseph Martin Figueira, a Belgian-Portuguese anthropologist found guilty of espionage and collaborating with militants in the Central African Republic (CAR) in November, has uncovered a complex financial trail linking ICC staff to the country’s armed militants, evidence ...
Hundreds of retired Israeli police officers have urged the regime’s president, Isaac Herzog, to reject Benjamin Netanyahu’s request for a pardon in corruption cases.
On November 30, Netanyahu, who faces charges of bribery, fraud, and breach of public trust in three separate cases, submitted a formal pardon request to the office of Herzog, claiming the long-running corruption cases were tearing the regime apart.
In a letter to Herzog, about 400 former officers, including ex-commissioners and deputy commissioners, said Netanyahu’s request contains “not even a hint of admission of guilt,” making it unacceptable.
They warned that “such a step without [Netanyahu’s] confession and remorse is liable to ignite severe violence in Israeli society.”.....more below
