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GAZPROMBANK SANCTIONS
US Treasury targets Russia's Gazprombank with new sanctionsThe Biden administration has imposed new sanctions on Russia's Gazprombank, restricting its access to the U.S. financial system. This move ...- The biggest remaining unsanctioned Russian bank hit with US sanctions, nearly three years into warThe U.S. imposed sanctions on Gazprombank, Russia's third largest bank, and its subsidiaries to disrupt Russia's ability to fund its war in...
- Reliance signs deal with Russia's Rosneft to purchase oil in roublesReliance Industries has signed a one-year deal with Russia's Rosneft to purchase at least 3 million barrels of oil monthly in roubles. This...
- Indian lenders and Gazprombank in talks for deepening banking servicesIndian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payment...
- India, Russia settling some non-oil trade in rupees: Top UCO Bank officialRussia is also keen to do more trade in "national currencies and currencies of friendly countries," its Deputy Prime Minister Denis Manturo...
- Indian Banks' Association, FIEO to organise sensitisation programmes on promoting rupee tradeThe move to open the special vostro account clears the deck for settlement of payments in rupee for trade between India and Russia, enablin...
- In boost to rupee trade mechanism, two Russian lenders open special vostro accountsRussia's two largest banks - Sberbank and VTB Banks - opened the accounts after receiving the nod from the RBI. Last month, state-owned UCO...
- UCO Bank opens special rupee account with Russia's GazprombankEarlier, the Reserve Bank of India (RBI) came out with a bespoke special rupee account for bilateral trades between rupee and any other cur...
- Gazprombank opens special rupee account with UCO Bank"Large banks with international operations should avoid this business bet as it may pose risks of economic sanctions," said a banker. Earli...
- Indian refiners pay dollars for Russian oil after dirham attempts failRussia has been hit by sanctions from the United States and allies following its invasion of Ukraine, and Moscow has requested some buyers ...
- UCO Bank in process of opening special Vostro a/c with Russian Gazprombank to facilitate trade in rupeeUnder the Rupee Drawing Arrangements (RDAs), the bank of a partner country opens a special INR VOSTRO account with a bank in India. Prasad ...
- UK sanctions Russians linked to "sham" referendums in UkraineUKRAINE-CRISIS-BRITAIN-UK sanctions Russians linked to "sham" referendums in Ukraine
- The bank that facilitated Iran trade back in focus as India-Russia trade expandsThe bank has received the necessary approval from the regulator -- the Reserve Bank of India -- to open a special rupee vostro account, Som...
- Russia floats new foreign debt payment systemRussia previously has offered natural gas customers to establish an account in dollars or euros at Gazprombank, then a second account in ru...
- Finland says Russia suspending natural gas suppliesFinland is the latest country to lose the energy supply, which is used to generate electricity and power industry, after rejecting Russia's...
- US slaps new sanctions on RussiaThe U.S. says it has imposed some 2,600 visa restrictions on Russian and Belarusian officials and issued a new visa restriction policy that...
- Europe looks for solutions as Russia squeezes supply of natural gasUrsula von der Leyen, the President of the European Commission, accused Russia of blackmailing the bloc. Russian spokesperson Dmitry Peskov...
- Several buyers agree to pay in roubles for Russian gas: Alexander Novak, Russian Deputy PMPresident Vladimir Putin said last month that buyers of Russian gas from "unfriendly" countries should pay in roubles, a move rejected by E...
- India explores payment options for trading with RussiaForeign banks that don't have operations in countries that have imposed sanctions on Russia or routing payments through Russian banks unaff...
- Russian banks isolated, UK cuts insurance ties with MoscowThe London Stock Exchange said it had suspended nearly 30 listings in Russian companies as sanctions begin to bite.
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