With the US increasingly willing to use the dollar, and SWIFT, as a strategic weapon against the country’s sovereign enemies (as Iran learned every 5 or so years), Russia and India are preparing to bypass US sanctions on Moscow by using the rupee and the ruble in bilateral trade involving military deals, the Economic Times reported.
Some $2 billion in weapons deals between India and Russia have been hit as a result of the recent US sanctions, as payments get stuck. The countries are seeking to bypass such monetary bottlenecks this by switching to settlements in domestic currencies and ditching the greenback. Continue reading
Kaspersky Lab has confirmed that numerous Russian banks have been suffering a wave of DDoS attacks.
According to Russian media, five banks in the country have been subject to a swathe of DDoS attacks over the past few days. The state-owned Sberbank was one of them, and Kaspersky Lab said in a statement that the attacks were among the largest it had seen aimed at Russian banks.
There are numerous theories flying around about why these attacks are happening, and it’s important to mention they are unsubstantiated rumours at best, but Vice has a theory that it may have been happening due to “people who were dissatisfied with possible Russian intervention in the presidential elections in the United States.” Continue reading
The Clinton communist ties are only shocking if you haven’t been paying attention. It was also raised as an issue in 1992 when The Southeast Missourian brought to light Bill’s visits to Moscow in 1969, when Russia was the Soviet Union. Their corruption and ties with Russia run deep, and have for decades.
The revelations of the so-called Panama Papers that are roiling the world’s political and financial elites this week include important facts about Team Clinton. This unprecedented trove of documents purloined from a shady Panama law firm that arranged tax havens, and perhaps money laundering, for the globe’s super-rich includes juicy insights into how Russia’s elite hides its ill-gotten wealth. Continue reading
A continued escalation could mean a further and more serious step towards debasing the petro-dollar, which would in turn break the backbone of the American economy.
Deadly clashes in eastern Ukraine and warnings of broader US sanctions against Russia have sent tremors through Moscow’s financial markets and forced the country to cancel a sovereign debt auction yet again.
Russia’s RTS equities index fell to a one-month low, with Gazprom and Sberbank both down 3.5pc in volatile trading. Russia’s treasury pulled a 20bn rouble (£330m) bond auction intended to test the waters, saying there were no buyers at an acceptable cost. Yields on 10-year Russian bonds have jumped to 9.17pc.
Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow.
Sberbank and VTB, Russia’s giant partly state-owned banks, as well as industrial companies, such as energy group Lukoil, are among those repatriating cash from western lenders with operations in the US. VTB has also cancelled a planned US investor summit next month, according to bankers. Continue reading