Russia, India explore opening alternative payment channels

Russia, many of whose banks have been cut off from the Swift financial network, is exploring opening alternative payment channels with India, including linking Unified Payments Interface (UPI) with th...

Another set of futile Western sanctions

History shows that sanctions rarely achieve the kind of political objectives they are designed for, although they can cause fairly sizable economic damage to the sanctioned country.Former Unit...

Russian banks switch to Chinese UnionPay after dicthing America's visa and mastercard

Several Russian banks on Sunday announced plans to start issuing cards using the Chinese UnionPay card operator system.The step, which came shortly after Mastercard and Visa pledged to cease o...