[Nov 22, 2024 9:30 AM] Russia has revealed that it will respond in kind to the actions of Western governments, which are preparing to make a $50 billion loan to Ukraine collateralized by frozen Russian assets, potentially escalating this conflict. Russia Preparing…
[Nov 22, 2024 3:30 AM] Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian…
[Nov 20, 2024 11:45 AM] If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.
[Nov 20, 2024 6:30 AM] Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister…
[Nov 17, 2024 7:30 AM] The Russian Energy Ministry has officially proposed limiting crypto mining activities in certain special regions affected by energy shortages. The authorities have the right to impose such a ban following the enactment of the recent national…
[Nov 16, 2024 7:30 AM] Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital…
[Nov 14, 2024 5:30 AM] Sberbank CEO Herman Gref announced that using cryptocurrencies as a payment method within Russia is currently prohibited by law and is unlikely to be allowed in the near future. Speaking at the “FI day. Blockchain: on the edge of a new…
[Nov 13, 2024 10:36 PM] China-Russia cooperation is helping to stabilize the region and avert a global crisis, according to Zhang Hong, a research fellow at the Chinese Academy of Social Sciences. Zhang emphasized that as permanent members of the UN Security Council…
[Nov 13, 2024 5:30 AM] The use of national and alternative currencies in Russia-India trade has reached nearly 90%, according to Russian First Deputy Prime Minister Denis Manturov. Speaking at a Russian-Indian intergovernmental commission meeting, Manturov emphasized the…
[Nov 12, 2024 4:30 AM] Russia’s central bank reported a record high of $207.7 billion in gold reserves for October. Gold’s share in Russia’s total international reserves rose from 31.5% in September to 32.9%, the highest level since November 1999, when it reached 34%…
[Nov 11, 2024 12:30 AM] A proposed BRICS digital asset platform could ignite unprecedented investment in South Asia, Africa, and Latin America, driving growth in emerging markets. Digital Assets at the Core of BRICS’ Ambitious New Investment Platform Russian President…
[Nov 8, 2024 11:29 PM] Kremlin spokesman Dmitry Peskov noted that the abuse of the U.S. dollar as a political instrument has caused other nations to be concerned about potential roadblocks to using the currency in the future. Kremlin Highlights Nations’ Concerns on…
[Nov 7, 2024 2:30 PM] Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be the primary use case…
[Nov 7, 2024 4:30 AM] Russia is reshaping global finance, pivoting from the dollar to local currencies as more nations rally for alternatives to U.S. dominance in global transactions. A New Currency Frontier? Russia’s Strategy Signals Global Shift Kremlin spokesman…
[Nov 3, 2024 12:30 PM] Ripple CEO loses his long-term bank account, Russia publishes new crypto law, BRICS payment system aims to be a SWIFT substitute, and more in this Week in Review. Week in Review Ripple’s CEO recently disclosed the closure of his 25-year-old bank…
[Nov 3, 2024 1:30 AM] Russia’s sweeping crypto mining regulations took effect Nov. 1, transforming the industry with strict energy caps, mandatory registration, and stringent oversight. Russia’s Crypto Law Takes Effect, Sparking Changes in Energy and Oversight On Nov…
[Nov 1, 2024 8:51 AM] Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.
[Nov 1, 2024 3:30 AM] Google faces a spiraling fine from Russia, surpassing two undecillion rubles and doubling weekly, with potential service blocks looming as tensions escalate. Google and the Unending Fine: How a 36-Digit Debt May Be Just the Start Tech giant Google…
[Oct 31, 2024 4:30 AM] Russia reveals that over 30 nations are pursuing deeper engagement with BRICS, aiming to finalize an expansion list by the year’s end amid unprecedented alliance growth. Russia Confirms Over 30 Countries Eye Deeper BRICS Alliance Russia plans to…
[Oct 30, 2024 10:30 PM] Russia is moving to ban cryptocurrency mining in energy-restricted regions, citing severe power shortages that could jeopardize long-term stability until 2030. Crypto Miners Face a Major Blow in Russia’s Energy-Restricted Zones Russian Deputy…
[Oct 30, 2024 9:30 AM] While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers…
[Oct 30, 2024 6:30 AM] The United Arab Emirates (UAE) and Saudi Arabia are bolstering strategic ties with Russia, with the UAE seeking a partnership and Saudi Arabia enhancing diplomatic collaboration for regional stability. UAE and Saudi Arabia Strengthen Strategic Ties…
[Oct 30, 2024 5:30 AM] Russian President Vladimir Putin has emphasized that “the time has come” for BRICS nations to create an economic platform to unlock their growing economies’ potential. A New Era Begins? Putin Says It’s Time for a BRICS…
[Oct 30, 2024 3:30 AM] Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former…
[Oct 29, 2024 7:30 AM] Why BRICS nations are moving away from the U.S. dollar system: a Russian official described a strategic shift attracting countries looking beyond Western-led systems. A New Era of Sovereignty: BRICS Shifts From Dollar Dependency for Independence…
[Oct 28, 2024 11:30 AM] The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions…
[Oct 27, 2024 6:30 AM] Russia cautions that using frozen Russian assets could trigger profound shocks to global markets, spurring developing nations to bypass the U.S. dollar. Russia’s Asset Countermoves: Potential Global Financial System Impacts Russia’s…
[Oct 27, 2024 4:30 AM] Russia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At…
[Oct 27, 2024 2:30 AM] Russia’s new crypto law amplifies state control, enabling regional restrictions, tighter infrastructure regulations, and enhanced transaction monitoring. State Authority Over Digital Currency Grows as Russia Publishes New Law The Russian…
[Oct 26, 2024 6:30 AM] BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s…
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