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State Bank Of India Stops Transactions With Russian Entities

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State Bank Of India Stops Transactions With Russian Entities

New Delhi/Mumbai: State Bank of India (SBI), India’s largest lender, will not complete deals with Russian companies subject to international sanctions imposed by Russia, according to a letter seen by Reuters and people familiar with the intrusion imposed on him by Ukraine.
According to a letter SBI sent to certain clients, “transactions with any US, EU or UN sanctions list-listed organisations, banks, ports or ships will not be processed, regardless of the currency of the transaction”.

SBI did not immediately respond to emails or calls seeking comment on the matter.

“We have a significant international presence and must comply with US and EU regulations because we operate in these jurisdictions and we cannot assume that we do not comply with these rules,” said a senior SBI executive.

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Dubbed a “special operation” by Moscow, the invasion was the largest attack on a European country since World War II and drew widespread condemnation and a slew of sanctions.

India, which shares close trade and defense ties with Russia, has so far not publicly condemned its longtime ally, instead calling for an end to the violence and a solution to the conflict through diplomacy and dialogue.

SBI’s letter to clients also called for “extra precautions” when dealing with sanctioned countries.

Many of India’s largest companies are closely linked to the state-owned bank, which has a vast network of overseas offices.

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According to two senior energy industry sources, SBI also obtained information from Indian Oil Corporation about its involvement in Russia, including interests in Russian assets, funds received from Russia last year and lenders involved in facilitating the deals.

Indian Oil Corp, one of India’s largest refiners, said on Monday it would no longer accept cargoes of a blend of Russian crude and Kazakhstan CPC on a free-on-board (FOB) basis due to insurance risks.

Apart from oil companies, Indian Fertilizer Corporation also trades extensively with Russia to import fertilizers.

Complete News Source : NDTV

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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