Russia bank governor visits Iran to strengthen financial ties

Elvira Nabiullina has successfully guided Russia’s economy following the imposition of unprecedented sanctions

Iraq bans US dollar transactions in latest move towards ‘de-dollarization’

The Interior Ministry has said that violators of this ban will be subject to legal punishment, including fines and even jail time

Exclusive: Russia’s Sergey Glazyev introduces the new global financial system

The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources. And it will liberate the Global South from both western debt and IMF-induced austerity.

Russia’s judo kick to the western financial gut

Washington's sanctions on Moscow will destroy Europe, not Russia

Global financial crimes watchdog adds UAE to list of money laundering hot spots

The financial watchdog has accused Emirati authorities of not doing enough to combat widespread money laundering activities

Banks behaving badly: Lebanon’s financial sector goes rogue

The IMF says some Lebanese banks are liquid enough to pay 100 percent of the value of deposits up to $200,000. But no government body will force banks to pay depositors or restructure this collapsed sector.

Pakistan to trade oil and gas with Russia, Iran, Afghanistan outside US dollar

The agreement is meant to help relieve Pakistan’s foreign reserves crisis while bypassing US sanctions imposed on the South Asian countries’ neighbors

Turkish intelligence detains 11 accused of spying for Israel

The arrests come despite comprehensive cooperation between Turkish and Israeli intelligence agencies in the past

Oman open to investment in Iran’s industrial sector

Despite rampant western sanctions, Iran has managed to ink bilateral agreements with regional nations to advance its industries

Washington levies new sanctions on Hezbollah, places bounty on ‘leader’

US officials say they are alarmed over 'a vast international money laundering and sanctions evasion network' allegedly used by the resistance group

BRICS nations working on ‘fundamentally new currency’: Russian official

The US dollar's hegemony in international markets continues to deteriorate partly due to the Global South's refusal to enforce western sanctions against Russia

ASEAN nations meet, discuss dumping US Dollar, Euro for trade

Indonesia has urged its regional partners to also move away from using Visa and Mastercard to avoid the repercussions of western sanctions on Russia

Syrian sanctions relief: An ‘American trick’

The temporary lifting of Washington's sanctions on earthquake-stricken and war-torn Syria is 'misleading' at best, and stands in the way of relief efforts.

Switzerland eases Syria sanctions due to earthquake

Western sanctions prevented humanitarian assistance from reaching Syria in the days following a 7.7 magnitude earthquake

US sanctions on Iran violate international law: UN experts

US-imposed sanctions on Iran continue to harm Iran's civilian population

Syria under the American whip: Sanctions that kill

The western sanctions weapon is not new to Syria, but since 2019 it has become a lethal one, destroying entire Syrian sectors and killing its people.

By the numbers: The de-dollarization of global trade

Data suggests that US dollar reserves in central banks are dwindling, as is the influence of the US on the world economy. This presents a unique opportunity for regional currencies and alternative payment systems to enter the vacuum.

Can western intel agencies spy on Hezbollah via crypto?

Although branded as a safe and secure mode of transaction, cryptocurrency networks are still vulnerable to hacking. In sanctions-hit and economic crisis-ridden Lebanon, this poses an existential threat to all Lebanese.

Major Russian bank introduces transaction service with Iran

Lately, Iran and Russia have been stepping up banking and trade cooperation in an effort to confront an aggressive western sanction policy

Cash-strapped Afghanistan offers to barter dried fruits, medicinal herbs for Russian fuel

Afghanistan's humanitarian crisis took a turn for the worse this week, after the White House finalized their theft of $7bln of the country's foreign reserves

Iraqi Kurdistan president linked to money laundering scheme in the US: Report

Last year, the Pandora Papers showed that the US is second only to the Cayman Islands in facilitating money laundering and tax evasion

Russia surpasses Iran and Syria as most sanctioned country in the world

Western sanctions placed on Russia after 22 February have surpassed the extent of sanctions on Iran, Syria, and North Korea

Follow the money: how Russia will bypass western economic warfare

The US and EU are over-reaching on Russian sanctions. The end result could be the de-dollarization of the global economy and massive commodity shortages worldwide.

Iran’s newly found natural gas reserves in the Caspian Sea could meet 20% of Europe’s gas needs

The Chalous natural gas deposit is the second largest in the Caspian Sea

Nine Asian central banks to adopt SWIFT alternative

ACU member states are set to launch the Iranian-developed system within the next few weeks

Iran, Pakistan discuss banking cooperation and de-dollarization

During the 51st meeting of ACU member states, the central bank chiefs of Iran and Pakistan discussed linking payment systems and ‘reducing dependency on dominant currencies’

Informal dollarization of Lebanon’s economy curtails recovery: World Bank

Prices have skyrocketed in Lebanon as the local currency has shed nearly all of its value, in a situation largely ignored by financial elites and the political class

Exclusive: Iraqi finance committee deputy calls for diversification away from US dollar

The Cradle speaks to Iraqi parliamentarian Hussain Mouanes on the various economic, financial, and political challenges facing Sudani's government.

EU prosecutors grill Lebanon’s finance minister over central bank corruption

Youssef Khalil claimed that during his nearly 30-year tenure at the central bank he was unaware of any corruption or embezzlement of public funds

The first China-UAE gas deal in yuan: A new blow to dollar dominance

Chinese allies control 40 percent of OPEC+ oil reserves, and the GCC controls another 40 percent. With this China-UAE gas trade settled in yuan, the petrodollar today is under serious threat.