China Says BRICS Nations Will Push Back Against Trump Tariff Threat
China expects fellow members of the BRICS economic bloc to push back against President-elect Donald Trump’s tariff threats.
SWIFT
Anti-U.S. BRICS Summit Begins with Putin Meet-and-Greets, Calls to Dump the Dollar
The annual summit for members of the BRICS anti-American bloc began on Tuesday, focused on its core members engaging in bilateral meetings prior to the largest summit including all nine members a dozens of invited guests from countries interested in joining.
Russia Says BRICS Building Alternative International Payment System
Russian Finance Minister Anton Siluanov said on Thursday that the BRICS economic bloc, led by China and Russia, is working to create its own international payment system because the existing Western system is too politicized, and too vulnerable to pressure from the United States.
Putin Troll? Russia Claims Sanctions Means it is ‘Insured’ Against Western Banking Crisis
Western sanctions against Moscow have insulated the Russian financial system from the banking crisis, the Kremlin claims to believe.
European Union Proposes Russian Oil Embargo, Sanctions on Media, Banks, and ‘War Criminals’
The EU proposed plans to impose an embargo on Russian oil by the end of the year as a part of its sixth round of sanctions against Moscow.
Report: Moscow Offers India Steep Discounts on Oil amid Global Sanctions
Russian Foreign Minister Sergei Lavrov reportedly offered Indian Prime Minister Narendra Modi deep discounts on oil during a secretive meeting in New Delhi on Friday.
Sanctions Loophole: SWIFT Exemption Europe Lets Itself Pay for Russian Gas
As the EU bans Russian banks from the SWIFT financial system, a bank linked to the sale of Russian gas is said to be exempt from sanctions.
Ruble Hits Record Low as Russia Sanctions Take Hold
The Russian ruble crashed amid a public frenzy to pull cash out of bank accounts on Monday, instantly knocking almost 30 percent off the value of a currency that was not in good shape to begin with.
Cotton: Biden Could Force SWIFT to Punish Russia Like Trump Did with Iran, He ‘Refuses to’
On Friday’s broadcast of the Fox News Channel’s “Faulkner Focus,” Sen. Tom Cotton (R-AR) argued that the U.S. can remove Russia from the SWIFT financial system even if Europe doesn’t want to like it forced SWIFT to act against Iran
Deputy Treasury Sec’y: Cutting Off Russia from SWIFT ‘Would Be a Temporary Disruption’
On Friday’s broadcast of NPR’s “Morning Edition,” Deputy Treasury Secretary Wally Adeyemo argued that cutting off Russia from the SWIFT international banking system “would be a temporary disruption” while the actions the Biden administration has already undertaken have “permanently cut them
GOP Rep. Green: W.H. Took ‘Probably the Greatest Deterrent’ Sanctions Against Russia off the Table
On Friday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Mark Green (R-TN) reacted to the White House earlier in the day saying that kicking Russia out of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) international banking system
‘Full of Strategic Blunders’: Pakistani Lawmaker Shreds U.S. Foreign Policy
A senior Pakistani lawmaker said on Sunday history is full of “U.S. strategic blunders” and Washington “must realize it cannot blackmail other countries for its own strategic interests.”
