The US has warned Raiffeisen, an Austrian bank, that its access to the dollar system could be curbed if it continues to facilitate transactions for Russian entities. The warning comes amid escalating tensions between Washington and Moscow over Russia’s invasion of Ukraine. Raiffeisen has yet to respond to the warning, but experts believe that losing access to the dollar system could have serious consequences for the bank’s operations.
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Syria’s foreign minister to attend EU conference in Brussels
Syria’s foreign minister Asaad al-Shibani will participate in an annual EU conference in Brussels on March 17, 2025, focusing on Syria’s economic recovery and reconstruction post-al-Assad regime. The EU plans to reveal additional funding, potentially involving the European Investment Bank, to support Syria’s transition and address humanitarian needs, amid concerns of a US aid freeze exacerbating the crisis. The EU is expected to increase financial commitments towards Syria’s reconstruction, aiming for a contribution similar to...
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