
Moscow buys Canadian dollars and bonds to diversify reserves
Analysts said the move could be a sign of increased diversification of emerging market central bank assets away from the dollar and into investments denominated in other commodity-linked currencies, such as the Australian dollar. Ref. Source 6
Russia develops its own chip technology for national payment card:
The need to accelerate the development of Russia's own national payment system became evident, after international firms Visa and MasterCard temporarily blocked operations with Russia's Rossiya and SMP banks. Ref. Source 1
Lavrov: Russia Not Planning to Beg West to Lift Sanctions:
"Sanctions are not our choice at all, but we are not planning on begging Western countries to lift these sanctions, though sometimes they do hint about it [by saying] 'let's agree on certain criteria, we'll tell you what you need to do and then we'll lift sanctions.' We're not going to play those games," Ref. Source 8
European leaders warn against too much economic pain on Russia:
The European Union's unanimous resolve to punish Russia for its aggression in Ukraine appeared to be cracking as French, German, Austrian and Italian leaders voiced concern at an alliance summit of inflicting too much pain on Moscow as its economy tumbles. Ref. Source 1