The European Commission proposed allowing Ukraine refugees who have fled to the EU to convert their hryvnas, into euros free of charge.
Kazem Jalali: Russia and Iran are cooperating to connect their interbank messaging systems to bypass the SWIFT financial transactions network
The European Central Bank (ECB) is likely to make as few policy commitments as possible on Thursday in light of Russia's invasion of Ukraine.
Russia and Belarus are edging close to default the chief economist of the World Bank, Carmen Reinhart, told Reuters.
Russia oil giant Surgutneftegaz has allowed Chinese buyers to receive oil without providing LCs in order to bypass Western sanctions.
Russia's central bank announced a series of steps to help financial market players cope with the current crisis situation.
Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system.