Tag Archives: alternate payments system

Russia has stopped using SWIFT and US dollars in weapon export contracts, Head of Russian Defence Export firm (Rosoboronexport) Aleksandr Mikheev told journalists during Army-2019 forum. He said that Rosoboronexport is now using national currencies instead of US dollars and emplyos a “closed system” of payments.... SouthfrontRussia Stopped Using SWIFT And Dollars In Weapon ContractsSee also at SFOn June 26th, Russian Defense Minister Sergei Shoigu gave a speech at the “Actual issues of...

India has done well to put in place the nuts and bolts of a payment mechanism for its trade and investment transactions with Iran against the backdrop of the US withdrawal from the Iran nuclear deal (known as the Joint Comprehensive Plan of Action) in May last year followed by the imposition of sanctions against Iran.... India PunchlineIndia sequesters Iran ties from US predatory strikeM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service