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Yuan-Ruble Payment System ‘Can Counter US Hegemony’

A plan by Chinese and Russian officials to set up a payment system to boost the use of their own currencies in bilateral and international trade is imperative, Chinese experts said on Sunday, to counter what they called the US dollar's hegemony in the global payment system.

Iran Sets Deadline for EU to Implement Anti-Sanction Plan

In an interview with IRNA, Deputy Foreign Minister Abbas Araqchi said Iran has underlined that the European Union’s decision to set up a payment system to allow foreign oil companies and businesses to continue trading with Iran while evading the US sanctions should come into effect no later than November 4.

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