Skip to main content

Russian bank could return to SWIFT in a month media RT World News

YouTube Video Thumbnail
The UN has informed Moscow a subsidiary of its agricultural bank might apply for reinstatement "immediately," Reuters has reported Russia's key agricultural lender, Rosselkhozbank, might get access to the SWIFT international banking system as early as this month, Reuters reported on Friday, citing a UN letter dating back to late August. The measure is touted as an incentive for Moscow to return to the Black Sea grain deal suspended in July, the news agency added. Rosselkhozbank will be able to access international banking transactions through its subsidiary in Luxembourg, which will act as an intermediary between the Russian lender and foreign banks, Reuters said, citing a letter by UN Secretary General Antonio Guterres to Russian Foreign Minister Sergey Lavrov. The Luxembourg subsidiary, RSHB Capital SA, might apply to SWIFT to "effectively enable access" for the bank to its system "immediately," Guterres reportedly told Lavrov in a missive dated August 28. "SWIFT has confirmed that RSHB Capital SA would be eligible to apply for membership and access to SWIFT for food and fertilizer transactions, based on its current status as an issuer of debt securities," the secretary general has said. "SWIFT has already confirmed that an expedited application process could be possible, bringing the time for effective access within 30 days," Guterres added. The Belgium-based financial telecommunications company has not made any official statements on the issue so far. Other proposals listed in the UN letter reportedly included a UN co-sponsored insurance facility for Russian food and fertilizer exports. The facility, created jointly with Lloyd's of London insurance company, could be "ready for operationalization within four to six weeks," the UN head said. Lloyd's CEO John Neal told Reuters that his company was in talks with the UN over providing insurance for Ukrainian grain shipments as part of the grain deal. The international body also vowed to continue working on unfreezing Russian assets in the EU linked to agriculture and fertilizer trade, but said that Russian companies would still have to apply to the national authorities of the EU member states for exemptions from sanctions. Earlier this week, Moscow expressed its skepticism over the UN proposals, calling them yet another batch of empty promises. Russia saw nothing new in these new suggestions, the Russian Foreign Ministry said in a statement on Wednesday, adding that no similar initiatives had been put into practice before. "Instead of actual exemptions from sanctions, all Russia got was a new dose of promises from the UN Secretariat," the ministry's statement read. "These recent proposals do not contain any new elements and cannot serve as a foundation for making any tangible progress in terms of bringing our agricultural exports back to normal," it added. Russia suspended its participation in the Black Sea Grain Initiative in mid-July. The deal, brokered by the UN and Türkiye last year, was supposed to facilitate the delivery of Ukrainian grain to world markets amid the conflict between Moscow and Kiev. It was also expected to help lift Western sanctions that deterred Russia's agricultural exports. Moscow repeatedly pointed to the fact that the part of the deal linked to facilitating Russian exports and lifting the sanctions on relevant companies was unfulfilled.

Comments

Post a Comment

Popular posts from this blog

Osho Quotes on Meditation

Osho Quotes on Meditation If tea-drinking can become a meditation, then anything can become a meditation — cooking or washing your clothes, any activity can be transformed into meditation. And the real sannyasin, the real seeker, will transform all his acts into meditation. Only then, when meditation spreads over all your life, not only when you are awake in the day — slowly slowly it starts penetrating and permeating your being in sleep too — when it becomes just part of you, like breathing, like your heartbeat, then, only, have you attained to the discipline, to the essential discipline of Zen. Meditation means: drop all thoughts, drop all ideologies, drop all knowledge. Drop the mind itself. The mind is constantly talking. If the inner talk can drop even for a single moment you will be able to have a glimpse of no-mind. That’s what meditation is all about. The state of no-mind is the right state. It is your state. Millions of people miss meditation because meditation has taken on...
2 comments
Read more

Im a mum I save time doing my kids lunches using savvy hacks its easy

EVERYONE parent will know just how crazy the mornings can be when you're getting the kids ready for school. From prepping their lunches, to getting them washed and ready - time can fly by. But one savvy mum has shared just the hack to help speed up the process in the mornings. The mum, who goes by the name of Azure MacCannell on TikTok, has revealed a super time saving trick. She preps all of the sandwiches for the week, and freezes them. Azure has two lines of separate pieces of bread next to each other, On one line she spreads peanut butter, and on the other line she spreads jam. Azure then places the bread on top of each other to make a sandwich, before using a crust cutter to make the sandwiches into smaller squares. She then puts them into a big container and freezes them and use them "as needed." Azure also freezes the crust for "delicious French toast sticks." The video attracted thousands of likes, with many rushing to the comments section to share their...
Post a Comment
Read more

Osho on Witnessing technique

Osho on Witnessing technique – You can witness breathing, you can witness the thought process in OSHO INSIGHTS ON MEDITATION Osho – Societies will come and go. You will take birth and you will die and many lives will come and go, and many, many clouds will pass through you. But the inner sky – AKSHAT – remains uncorrupted, virgin. But you can become identified with clouds. You can begin to feel that ”I am the clouds”. Everyone is identified with his own thoughts which are nothing more than clouds. You say, ”my thought,” and if someone attacks your thought, you never feel that your thought is being attacked – you are being attacked. The sky is fighting – fighting for clouds because some cloud has been attacked. The sky feels, ”I am attacked!” The sky was there when there was no cloud, the sky will be there when there is no cloud. Clouds add nothing to the sky. And when clouds are no more, nothing is lost. The sky remains itself totally. This is the nature – the inner sky, the inn...
Post a Comment
Read more