European Union aims to cut off Sberbank, Russia's largest lender, from the SWIFT international payment system. Western allies seek to further isolate Moscow from financial markets over its war in Ukraine. The latest proposal forms part of the EU's sixth and toughest round of sanctions, which also includes an embargo on crude oil in six months. EU's executive Commission proposed to cut Sberbank and two other Russian banks - Credit Bank of Moscow and the Russian Agricultural Bank - from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The Society for Worldwide Interbank Financial Telecommunication (SWIFT), provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. SWIFT Headquarters: La Hulpe, Belgium IDRBT Founded: 1973
The Ministry of Heavy Industries launched the PM E-DRIVE Scheme with the goal of accelerating electric vehicle (EV) adoption in India. Which of the foll...
Which city is to host U18 women basketball event?
Which Indian-American has been appointed as the new Chief Financial Officer of Tesla?
Armenia became India's largest importer of which defense system in 2024?
India’s first lithium cell manufacturing facility is launched in which state?
The PMSBY is targeted primarily at which segment of the population?
Which country will host the AI Action Summit in 2025, focusing on AI regulation and standards?
The Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched to provide all-weather road connectivity to unconnected habitations. What is the primary fundi...
What percentage of India’s remittances came from the UAE in 2023?
Which digital platform was integrated with the National Pension System (NPS) as a biller category in 2024 to facilitate easy contributions?