Friday, October 24, 2025

Latest

Bank for International Settlements Suspends Russia’s Membership

The Bank for International Settlements (BIS) axed Russia’s membership, marking a major retaliatory move among global bodies in response to President Vladimir Putin’s military operation in Ukraine.

The BIS— often referred to as the “bank for central banks,” on Thursday suspended Central Bank of Russia’s access to its “services, meetings and other BIS activities,” following Moscow’s invasion of neighbouring Ukraine. “The BIS is following international sanctions against the Central Bank of Russia, as applicable, and will not be an avenue for sanctions to be circumvented,” a BIS spokesperson said, as cited by The Times.

Originally founded in 1930, the BIS is comprised of 63 central banks from around the world, aiding members in achieving “monetary and financial stability through international cooperation.” However, the institution’s latest move is merely a symbolic one; the BIS does not actually aid in the facilitation of payments between banks, nor does it manage the global financial system.

Nevertheless, though, Russia’s suspension marks yet another denunciation for its military operation in Ukraine, amid growing pressure on international bodies to join the West’s maximum pressure campaign of restrictions and sanctions against Moscow.

Information for this briefing was found via The Times. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Germany’s Spending Spree: Desperate Olaf Scholz Buys Gas Importer Uniper to Prevent Energy Disaster

The German government is going into damage control mode, attempting to reverse decades of poorly...

Wednesday, September 21, 2022, 10:51:12 AM

Ruble Trouble: German Energy Buyers Foresee Deteriorating Impact Of Putin’s Ruble Payment Demand

In a response to the mounting sanctions imposed by the global community, Russian President Vladimir...

Friday, March 25, 2022, 11:34:00 AM

Kazakhstan Will Not Recognize Referendums In Occupied Ukraine

Kazakhstan, a close ex-Soviet republic, said on Monday that it will not recognize the annexation...

Tuesday, September 27, 2022, 02:33:00 PM

Donbass Regions Urge Putin to Recognize Them as Two Separatist Regions

The two separatist regions of eastern Ukraine are calling on Russian President Vladimir Putin to...

Monday, February 21, 2022, 12:26:00 PM

EU Designates X As A Leading Disinformation Source

EU Commission Vice President Vera Jourova has identified the social platform X, formerly known as...

Sunday, October 1, 2023, 11:41:00 AM