Japan media reported that three major Japanese banking groups, Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho, have decided to halt all dollar transactions with Russia’s largest bank, Sberbank from March 26. The three banks will seek alternative means to settle dollar transactions with the Russian bank.
According to the officials of the three banks, Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho have decided to conduct similar policies in Japan following the U.S. government’s decision to suspend dollar transactions, such as interbank settlements and transfers, with Sberbank and its 25 subsidiaries from March 26, American time, and Mitsubishi UFJ’s sanctions will cover all foreign currency transactions except for the Japanese yen. Currently, the three banking groups have suspended dollar transactions with VTB Bank, the second-largest bank in Russia, and several other Russian financial institutions.
These financial institutions have all been excluded from multiple international financial payment and settlement systems.
Aussie Brief News
Go to First Page and Get the Latest News.
You may also like
-
TikTok uses “Project Texas” to fool Americans twice
-
Select Committee urged to terminate the US-China Tech agreement. The CCP military units are surrounding the U.S.
-
America Borrowed over 800 Billion from CCP and Sent Billions Back to China
-
A BlackRock Recruiter Admitted Senators are Cheap. NFSC revealed the Main Purpose of AIIB and BRICS. II
-
A BlackRock Recruiter Admitted Senators are Cheap. NFSC revealed the Main Purpose of AIIB and BRICS. I