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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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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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