Category: Russia
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Russia nears crypto exchange trials to bypass sanctions: report
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Russia is reportedly set to begin experiments on cryptocurrency exchanges and token transactions for cross-border payments to mitigate the impact of international sanctions. Russia appears to be days away from starting trials of cryptocurrency exchanges and token transactions for cross-border transactions in an attempt to bypass the challenges it faces…
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Russia stocks higher at close of trade; MOEX Russia up 3.78% By Investing.com
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Investing.com – Russian stocks were higher after Monday’s close, as gains in the banking and services sectors led shares higher. At the end of trading in Moscow, the index rose by 3.78%. The session’s top performer was NOVATEK (MCX:), which rose 9.54% or 88.20 points to trade at 1,013.00 at…
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Russia, Ukraine set to swap 115 prisoners each, UAE official says By Reuters
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By Alexander Cornwell DUBAI (Reuters) – Russia and Ukraine are set to swap 115 prisoners each on Saturday after negotiations brokered by the United Arab Emirates, a UAE official said, in the first prisoner swap since Ukraine launched its offensive inside Russia this month. The Emirati official spoke on condition…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…
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Russia stocks lower at close of trade; MOEX Russia down 2.32% By Investing.com
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Investing.com – Russian stocks were lower after the close on Friday, as losses in sectors led shares lower. At the end of trading in Moscow, the Moscow Stock Exchange index fell by 2.32% to reach its lowest level in 52 weeks. The session’s top performer was OK Rusal MKPAO (MCX:),…
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Russia launches third ballistic missile attack on Kyiv this month, Ukraine says By Reuters
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KIEV (Reuters) – Russia fired a third ballistic missile at Kiev in August on Sunday and initial data showed all the air weapons were destroyed as they approached the city, the Ukrainian capital’s military administration said. “This is the third ballistic strike on the capital in August, with an exact…
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U.S. will very likely fight a war against Russia, China and Iran: Alex Karp
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The U.S. military has long prioritized the ability to fight two wars simultaneously in different parts of the world, similar to its efforts in the Pacific and European theaters during World War II. But Alex Karp, CEO of Palantir, a data mining software company known for its work in defense…
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Silence reigns in Russia over linking rouble fall to Ukrainian attack By Reuters
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Written by Gleb Bryansky MOSCOW (Reuters) – There appears to be a new rule in Russia: Don’t mention war in connection with the rouble. Russian media and analysts at state-controlled banks have been largely silent on the possible connection between the ruble’s 9% depreciation against the US dollar and Ukraine’s…
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Exclusive-Billions in dollar and euro notes reach Russia despite sanctions By Reuters
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By Gleb Stolyarov, Philip Lebedev and Alexander Marrow LONDON (Reuters) – About $2.3 billion in dollar and euro banknotes have been shipped to Russia since the United States and European Union banned exports of their banknotes there in March 2022 after the invasion of Ukraine, according to customs data seen…
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Zelenskiy acknowledges Ukraine’s military operation in Russia By Reuters
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Written by Oleksandr Kozhukhar KIEV (Reuters) – Ukrainian President Volodymyr Zelenskiy acknowledged for the first time on Saturday that Ukrainian forces were fighting a surprise assault on the Russian city of Kursk, as attacks continued on the border region as authorities scrambled to evacuate people. Moscow’s forces are fighting a…
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Putin Signs Law Legalizing Cryptocurrency Mining in Russia
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Russian President Vladimir Putin has officially signed a law legalizing cryptocurrency mining in Russia. According to a report According to the Russian news agency TASS, the law introduces several key concepts, including cryptocurrency mining, mining pools, and mining infrastructure operators. Now Russia recognizes mining activities as part of the business…
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Putin Signs Law Legalizing Cryptocurrency Mining in Russia
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Russian President Vladimir Putin has officially signed a law legalizing cryptocurrency mining in Russia. According to a report According to the Russian news agency TASS, the law introduces several key concepts, including cryptocurrency mining, mining pools, and mining infrastructure operators. Now Russia recognizes mining activities as part of the business…
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Russia Legalizes Bitcoin And Crypto for International Trade To Bypass Sanctions
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In a significant legislative move, Russian lawmakers have passed a bill that would allow companies to use Bitcoin and other cryptocurrencies in international trade, according to a report by ReviewersThe development comes as part of Russia’s strategy to circumvent Western sanctions imposed in the wake of its invasion of Ukraine.…
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Russia Legalizes Bitcoin And Crypto for International Trade To Bypass Sanctions
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In a significant legislative move, Russian lawmakers have passed a bill that would allow companies to use Bitcoin and other cryptocurrencies in international trade, according to a report by ReviewersThe development comes as part of Russia’s strategy to circumvent Western sanctions imposed in the wake of its invasion of Ukraine.…
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El Salvador Suggests Crypto Payments For Trade With Russia
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In a bold move to navigate a complex web of global sanctions and financial restrictions, El Salvador has emerged as a pioneer in the world of crypto diplomacy. The Latin American nation, known for its pioneering adoption of Bitcoin as legal tender, has now set its sights on forging a…
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Google to blame for slower YouTube speeds in Russia, says senior lawmaker By Reuters
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YouTube’s speed in Russia will drop sharply on desktop computers because of Google’s failure to update its equipment in Russia and its refusal to lift a ban on Russian media channels, a senior lawmaker close to the authorities said on Friday. Russia has criticized Alphabet Inc’s Google for removing YouTube…
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Exclusive-Illicit chip flows to Russia seen slowing, but China, Hong Kong remain transshipment hubs By Reuters
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By James Pomfret and Michael Martina HONG KONG/WASHINGTON (Reuters) – Semiconductors and other banned goods shipped through China and Hong Kong to fuel Russia’s war effort have fallen by a fifth this year, previously undisclosed U.S. Commerce Department data shows, but Hong Kong remains a global hub for sanctions evasion.…
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Crypto As A Weapon? Russia Considers Stablecoins To Fight Sanctions
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Russia’s shift towards stablecoins comes against the backdrop of its presidency of the BRICS group (Brazil, Russia, India, China, and South Africa). BRICS The BRICS countries have previously discussed creating a digital currency-based payment system, the BRICS Bridge, to reduce reliance on the US dollar-dominated global financial system. But sanctions…