Latest news and articles about Western sanctions from NEX English
Russia is working on developing an alternative payment system based on cryptocurrencies in Africa to circumvent Western sanctions. The initiative is led by the 'A7' network, expanding into countries like Nigeria and Zimbabwe.
The targeting of petrochemical facilities in Iran raises questions about the impact of these strikes on the Iranian economy and its ability to disrupt a vital sector amid increasing Western sanctions.
Reports indicate that Russia's oil tax revenues fell sharply by nearly 50% in March compared to last year, reflecting the financial pressures facing Moscow. This decline comes at a sensitive time as the country braces for the impacts of escalating conflict in the Middle East, which is expected to unexpectedly boost its oil revenues.
Nikolai Patrushev, Russian presidential aide, asserts that Western nations have intensified their attacks on the Russian commercial fleet, threatening maritime trade and negatively impacting global commerce.
Russian President Vladimir Putin has extended the decision allowing foreign buyers, including non-friendly nations, to pay for Russian gas in rubles until July 1, 2026. This move aims to bolster the use of the national currency in international trade amid ongoing Western sanctions.
Belarus and North Korea signed a friendship and cooperation treaty during President Alexander Lukashenko's official visit to Pyongyang. This move reflects the strengthening of ties between the two nations amid Western sanctions.