Is China a Rival to Sips?

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China launched sips in 20 15. It really does have a potential to be a game changer here, because it has the ability to have more direct payments between the currencies of noand its trading partners,. Western brands continue to leave russia or suspend operations there. Join us as i tell my friend and expert nataly hodson, the story of the nations first woman governor who later became the long time director of the us Mints.

Oil and natural gas prices see-sawed as global stocks fell on Monday after a US push to ban Russian crude faced German resistance, the US Treasury warns banks to be on high alert for sanctions evasion, sanctions on Russia could aid Beijing’s efforts to internationalise the renminbi, and Levi Strauss said it is halting its business in Russia.

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Mentioned in this podcast:

Markets rattled by push for Russian oil ban

How the Ukraine war could boost China’s global finance ambitions

US warns banks to be on high alert for Russia sanctions evasion

Levi Strauss halts business in Russia

War in Ukraine: free to read

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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