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Turkish lira plummets to all-time low as US sanctions begin to bite

Investors are dumping Turkey’s national currency, the lira, after Washington imposed sanctions relating to the trial of an American pastor accused of backing terrorism. The lira hit an all-time low of 5.11 versus the dollar on Friday after the US sanctioned two of President Recep Tayyip Erdogan’s ministers who played a key role in detaining […]

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Iran looks to barter oil as US sanctions bite

Faced with US sanctions, Iran is studying a revival of a plan to barter crude oil for goods, possibly resuming the scheme that it used to try to blunt the impact of the previous round of sanctions between 2012 and 2016. Unable to bring in US dollars and euros ahead of the new US sanctions […]

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US sanctions take bite out of Russian stocks & ruble

Russian currency and stocks on the Moscow Exchange dropped significantly on Monday after Washington expanded the sanctions list against Russian businessmen and companies. The ruble-traded MICEX index fell 7.5 percent, while the dollar-denominated RTS index suffered a 10 percent loss in value, dropping to the lowest level since September last year. Read more The ruble […]

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