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Tag Archives: sanctions

Using dollar supremacy for sanctions is disruptive, says economist

Using dollar supremacy for sanctions could well lead to other countries backing away from it (the dollar) London, UK | Xinhua | The U.S. government’s frequent use of dollar supremacy for sanctions against other countries could negatively impact global trade and finance, an economist has said. “One of the problems with …

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EU imposes more sanctions on Russia

Brussels, Belgium | Xinhua | The European Union on Thursday imposed more sanctions on Russia over its conflict with Ukraine, including a ban on gold imports and the tightening of export controls on high-technology goods. The “reinforced, prolonged EU sanctions against the Kremlin send a strong signal to Moscow: we will …

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Iran says to gradually eliminate dollar in trade with Russia

Tehran, Iran | Xinhua | Iran’s chief banker said the U.S. dollar will be gradually eliminated from Iranian-Russian economic transactions, the official news agency IRNA reported on Thursday. The trade volume between Iran and Russia stood at 4 billion U.S. dollars, which can be conducted through the Iranian currency rial and …

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Iran pursues dynamic diplomacy to counter U.S. isolation

Tehran, Iran | Xinhua | U.S. President Joe Biden’s first Middle East tour meant to rally support to counter what he called “Iranian threats” is most likely to see a watered-down achievement, given Iran’s sustained efforts to improve relations with neighbors and other countries in the region, analysts said. A handful …

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EU to ban Russian gold imports in new sanctions package

Brussels, Belgium | Xinhua | The European Commission on Friday adopted a proposal for a seventh package of measures that will ban the importation of Russian gold. The proposal is part of a new set of measures that are intended to improve the implementation and effectiveness of the EU’s six earlier …

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