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Russia, India and China plan to create SWIFT alternative
India, Russia and China are investigating the possibility of creating an alternative to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) payment mechanism which is prevalent in the US, in an attempt to make it easier to trade with countries under US sanctions, The Economic Times reports, citing informed sources.
According to the news outlet, Russia’s System for Transfer of Financial Messages (SPFS) might be connected to China’s Cross-Border Interbank Payment System (CIPS) …
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Kremlin: Russia does not need US approval to strengthen ties with Iran
Russian Ambassador to Iran Levan Dzhagaryan said that Moscow does not need any “permission” from Washington to strengthen its ties with Tehran. In an interview with the Iranian English-language channel Press TV, the diplomat stressed that Russia is an absolutely sovereign state which pursues independent policies, and does not need permission from the US or any other country to strengthen ties with Iran.
The ambassador believes that Russia-Iran relations have good prospects, noting that “the …
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Europe prepares for gas war between Russia and Ukraine
Countries in the EU have been buying increased quantities of gas for commercial and strategic reservoirs, filling all the available underground gas storage almost to the brim, in light of growing risks that the current gas war between Russia and Ukraine will escalate this winter.
In just over 3 weeks time, the current contract for the transit of Russian gas through Ukraine will expire. To this day, despite Russia’s annexation of Crimea and the war in the Donbas, nearly half of the gas supplied …
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Netherlands accuses Russia of obstructing questioning of Tsemakh on MH17 case
The Netherlands believes that Russia allowed the terrorist Vladimir Tsemakh to leave the country in order to avoid extraditing him in the context of the MH17 case, Eurointegration reports, citing the findings of the Dutch Public Prosecution Service. Tsemakh features in the case as a suspect, but more evidence is required to prosecute him.
“The Public Prosecution Service has come to the conclusion that Russia knowingly acknowledged that Tsemakh had left its territory, and thus declined to …
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Ukrainian Foreign Ministry summons Hungarian Ambassador over his statements about Hungarian autonomy in Ukraine
Ukrainian Foreign Ministry summoned the Hungarian Ambassador to Ukraine István Íjgyártó in connection with his recent statements about the autonomy of the Hungarian national minority in Ukraine, reports the press service of the Ukrainian Foreign Ministry.
"On December 2, the Hungarian Ambassador to Ukraine István Íjgyártó was invited to the Ukrainian Foreign Ministry, where he was told about the unacceptability of the statements he made in an interview on November 28," reads the message. …