Sanctions
Book notes: Bucking the buck: US financial sanctions and the international backlash against the dollar, by Daniel McDowell
A timely and well-documented book about the weaponisation of the US dollar
Russian central bank reacts to tighter US sanctions
Bank of Russia suspends some dollar trading as G7 countries consider moves against Chinese banks
Ransomware payments can be necessary, say panellists
Paying off hackers may be only way to safeguard financial stability, despite risks
Ukraine’s central bank is reforming during wartime, governor says
NBU is strengthening insurance and investment, Pyshnyy tells summer meetings
ECB cuts policy rate by 25 basis points
Strong eurozone wage growth rules out commitment to further cuts, says governing council
Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia governor Lkhagvasuren Byadran speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
Are low-level inflation targets still fit for purpose?
Geostrategic shifts make the case for a narrow price target less compelling
MNB tells Hungarian lending group to ‘tread lightly’ in Russia
“Selling subsidiary for less than half its worth would help Russia,” OTP Bank CEO says
G7 may use Russian asset profits to fund Ukraine
US asks European governments to agree money should back $50 billion loan
Trends in reserve management 2024: survey results
Insights on geopolitical risk, AI, asset diversification, risk management and ESG adoption
EU agrees to use Russian asset profits to support Ukraine
“This is not our decision, but a political one,” says Euroclear chief executive
Bank of Russia holds rates
Nabiullina hints at significant fiscal change and says “inflationary pressure” remains
Reserve managers brace for war
Geopolitical escalation could trigger inflationary and energy shocks, RMT survey finds
UK floats plan to seize Russian central bank assets
Foreign secretary says country is prepared to act without all its Nato partners
US sanctions firms for smuggling tech to Iran’s central bank
Central bank subsidiary that developed Iran’s digital currency platform among those targeted
EU isolates frozen Russian central bank interest
European leaders are divided over using Bank of Russia assets to fund Ukraine’s defence
Iraqi central bank blocks dollar access to eight lenders
US official praises “progress” but says some Iraqi lenders are still breaking sanctions on Iran
Italian governor concerned over Russian asset seizure, officials say
Panetta says renminbi has overtaken euro as international currency since Russia invaded Ukraine
Venezuela shuts down state cryptocurrency
Petro overseer had been embroiled in scandals, including over $21.2 billion of missing oil payments
Russian and Iran central banks increase co-operation
Sanctioned countries agree to use own currencies for trade as lenders set up credit line
CBDCs are unlikely to be successful
Most money is already digital, and currency has lost its central function, writes former Barbados governor DeLisle Worrell
Mir card system to operate across Cuba
Russian payments network continues gradual progress in Latin America
Cyprus central bank defends supervision after sanctions-busting claims
Prime minister pledges report after media investigation says Russians used local firms to dodge sanctions
Niger junta arrests, then releases, central bank official
Regional central bank had imposed sanctions on Niger after July coup