February 2018, the Stockholm Arbitration Court ordered the Russian gas giant to pay Naftogaz some $2.56 billion over its alleged failure to ship agreed-upon amounts of gas through the Ukrainian pipeline network en route to Europe. The dispute became a part of the broader conflict between Russia and Ukraine in the wake of the 2014 coup in Kiev.
Turkey eased rules on payment installments for various goods, the state-run Anadolu Agency reported, citing regulation published by the official gazette, which may spur domestic spending to support the economy.
About half of around 100 regional banks in Japan will introduce a new cashless payment system developed by Mizuho Financial Group Inc. starting in late March, sources close to the matter said on Saturday.
Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on US e-commerce platforms this year, the official Xinhua news agency reported on Sunday.
Russia appears to be already moving closer to a plan to ditch the dollar with reports emerging that more of its biggest oil companies are already preparing to settle payments in other currencies in transactions with clients.
Iran's ambassador to Britain said an outstanding debt owed by the UK to Tehran will be transferred to the Central Bank of Iran soon, in what will mark an end to the decades-long legal dispute between the two sides.
Secretary of Iran’s Supreme National Security Council (SNSC) Ali Shamkhani dismissed the idea that there was a connection between the $400 million in cash that Iran received from the US as part of an old debt and the process of negotiations on Tehran’s nuclear program.
Iran says one of its London-based banks has joined the euro payment system, in what could be another breakthrough for the country to remove technical hurdles created as a result of multiple years of sanctions.
The Greek government says the repayment of its debt to the International Monetary Fund (IMF) scheduled for early next month will not be possible unless a deal is reached between Athens and its international creditors for unblocking a bailout fund.
South Korea has transferred $500 million to Iran to pay for crude oil imports under an interim nuclear deal that provides limited relief from sanctions, two sources with direct knowledge of the matter said.