The United States targeted Russian banks and elites with a new package of sanctions on Wednesday that includes banning any American from investing in Russia, after Washington and Kyiv accused Moscow of committing war crimes in Ukraine. The new sanctions will put full blocking sanctions in Russia’s Sberbank, which holds one-third of Russia’s total banking … Read more
Russia’s state-owned development bank VEB and the Reserve Bank of India (RBI) have likely finalized an alternative transaction platform to facilitate bilateral trade after Western sanctions firewalled Moscow’s access to the globally used Swift banking platform, two people familiar with the matter told ET. The new payments system will likely be installed at the headquarters … Read more
India is examining all possible payment mechanisms for continuing trade with Russia, including the one adopted to settle payments with Iran. Foreign banks that don’t have operations in countries that have imposed sanctions on Russia or routing payments through Russian banks unaffected by the curbs are among the options under consideration. Third-country banks were used … Read more
Like Kumar, the other co-founders of Addverb are all ex-Asian Paints executives—Prateek Jain (COO), Neeraj Sharma (CTO), Bir Singh (chief of business development), Satish Kumar Shukla (CMO) and Amit Kumar (CIO). India ranks first among foreign countries in terms of the number of registrations for the Artificial Intelligence (AI) Journey – an international artificial intelligence … Read more