New Financial Architecture Is Helping Russian Banks Expand Services Overseas Despite EU’s 19th Sanctions Package
Economy, Finance, Infrastructure, Russia, TradeRussia’s largest banks are expanding their services to facilitate direct payments abroad in foreign currencies, with new technologies helping to bypass Western sanctions. This means that Russian businesses will once again be able to freely send dollars, euros, or yuan to any country. Sovcombank has already launched this mechanism, while Sberbank and other Russian banks […]