UkrInform
Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news
Iran, Russia link banking systems amid Western sanctions.
Iran and Russia have connected their interbank communication and transfer systems to boost trade and financial transactions in the wake of Western sanctions imposed against both nations.
This is reported by Reuters, according to Ukrinform.
"Iranian banks no longer need to use SWIFT ... with Russian banks, which can be for the opening of Letters of Credit and transfers or warranties," said Deputy Governor of Iran's Central Bank, Mohsen Karimi.
While Russia's central bank declined to comment on the deal signed on Sunday, Karimi said "about 700 Russian banks and 106 non-Russian banks from 13 different countries will be connected to this system," stopping short of specifying the foreign banks in question.
Read also: Iran blasts result of Tehran’s support for terrorist states - Ukraine Air Force spox
"The financial channel between Iran and the world is being repaired," tweeted Iran's Central Bank chief Mohammad Farzin.
As noted, Iran was disconnected from SWIFT in 2018 after Washington pulled out of the 2015 nuclear deal. Similar restrictions were introduced against some Russian banks after the large-scale invasion of Ukraine.
Since the outset of Russia’s full-fledged war on Ukraine, Tehran and Moscow have sought to establish close bilateral ties. Amid mounting economic problems, mainly due to U.S. sanctions over Tehran's controversial nuclear programme, many Iranians are feeling the effects of inflation and unemployment. Inflation has soared to more than 50%, the highest in decades. Youth unemployment remains high, with more than 50% of Iranians now living below the poverty line.
Read also: War bills accomplices: Ukrainian official on Iran explosions
Facing a crisis amid months of anti-government protests, Iranian authorities fear that economic isolation and a lack of economic improvement could result in even more unrest.
Political coverage must not be perceived as entertainment – acting minister.
Ukraine’s acting Minister of Culture and Information Policy Rostislav Karandeiev says political news coverage in the country is "often treated as a show" as some fail to understand that it is in fact vital for everyone.
Poland’s foreign minister to Russia: “Lviv is Ukraine”.
Poland has no territorial claims to Ukraine, as Russian propaganda asserts in order to pit the two nations against each other.
In Smila, 47 houses damaged after rocket attack
After the Russian missile attack on Smila, 47 private houses were damaged in the city.
Border guards repel attack of Russian subversive group in Sumy region.
In the Sumy region, border guards fought a Russian sabotage and reconnaissance group (RSG).
National Guard Commander awards 92 soldiers in Lyman direction.
The Commander of the National Guard of Ukraine Oleksandr Pivnenko visited the brigades and units of the National Guard in the Lyman direction and presented awards to 92 National Guard servicemen.
Watch Business Live with Ian King
Join Ian King as he tackles the biggest business and economic stories, with reports and interviews live from our studios in the heart of London Tap the 'Notify me' bell button to be reminded when the show goes live and make sure you don't miss any...
Stay Tuned NOW with Gadi Schwartz - April 22 - NBC News NOW.
Key takeaways from the start of Trump’s hush money trial, Senate to vote on bill that could potentially ban TikTok in the U.S., and Supreme Court weighs case that could punish homeless for sleeping outside. 00:00 Introduction 00:21 Trump trial op...
New allegations in deadly bridge collapse
In a new court filing, lawyers for the city of Baltimore argue the owner of the ship that caused the collapse failed to repair known power problems. ABC News' Andrew Dymburt reports. —–– Subscribe to ABC News on YouTube: Watch 24/7 coverage of bre...
Every student involved in antisemitic activity should be expelled: Newt Gingrich.
Fox News contributor Newt Gingrich joins ‘Hannity’ to discuss ongoing anti-Israel protests on college campuses. #foxnews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompa...
Could an Israeli military unit face sanctions for human rights abuses? - Israel-Hamas war.
Sky's Yalda Hakim asks if the Netzah Yehuda battalion will face sanctions for alleged human rights abuses and assesses the accusations against them. Created in 1999, the IDF unit was made to accommodate the religious beliefs of the ultra-Orthodox ...
Are migrants planning to cross Channel worried about the Rwanda bill?.
The government's Rwanda bill will finally become law after the Lords decided they would no longer oppose it. However, what do migrants planning to cross from France to England make of it all - will it deter them? Sky's Adam Parsons reports from Fr...