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China Strengthens Russia Partnership via BRICS and SCO Cooperation
[Oct 9, 2024 3:30 AM] China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). At an event celebrating 75 years of diplomatic relations, State Councilor Shen…
Putin Reveals Over 85% of CIS Trade Now in National Currencies
[Oct 9, 2024 1:30 AM] Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part…
BRICS Unified Currency Deemed Premature by Russian Official
[Oct 8, 2024 2:30 AM] Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial…
Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’
[Oct 5, 2024 11:30 PM] Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from…
Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years
[Oct 4, 2024 11:30 PM] Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the…
Russia-China Trade Grows Despite Global Challenges, Putin Highlights
[Oct 2, 2024 8:30 AM] Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade…
Binance Confirms Access Restrictions on Sanctioned Russian Users
[Oct 1, 2024 3:30 AM] Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and…
China-Russia Alliance Expands, Elevating US Risks in Asia and Middle East
[Sep 30, 2024 3:30 AM] Frederick Kempe, CEO of the Atlantic Council, highlighted two pressing concerns at the UN General Assembly: the intensifying China-Russia partnership and doubts over US leadership. Alongside former Secretary of State Condoleezza Rice, he warned of…
Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions
[Sep 29, 2024 2:30 AM] A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of…
Global Effort Disrupts Russia Linked Network Using Crypto to Evade Sanctions, U.S. Charges Two Russians
[Sep 27, 2024 5:26 AM] Russian nationals Sergey Ivanov and Timur Shakhmametov have been charged for their involvement in operating money laundering services that catered to cybercriminals using cryptocurrencies, U.S. authorities announced on Thursday.
Putin: BRICS Nations Developing Own Payment and Settlement System
[Sep 27, 2024 2:30 AM] Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and…
Russian Republic Dagestan Battles Underground Crypto Mining Amid Power Outages
[Sep 26, 2024 8:30 AM] Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation…
Binance continues to serve Russian users despite 2023 exit
[Sep 26, 2024 7:58 AM] A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.
Russia’s Cybercrime Damage Exceeds $1.25 Billion in 2024, Minister Says
[Sep 26, 2024 3:30 AM] Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted…
BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says
[Sep 26, 2024 1:30 AM] BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan…
North Korea Signals Closer BRICS Relations Amid Growing Russia Ties
[Sep 25, 2024 6:30 AM] North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic…
JPMorgan CEO Jamie Dimon Cautions Against Market Optimism — ‘Geopolitics Is Getting Worse’
[Sep 25, 2024 1:30 AM] JPMorgan CEO Jamie Dimon has issued a serious warning about escalating geopolitical risks, stating that they pose greater threats to global stability than current economic challenges. His remarks come in light of rising tensions, including attacks…
Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems
[Sep 24, 2024 11:20 AM] Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a…
BRICS to Discuss Alternative Payment Platforms at Upcoming Summit
[Sep 24, 2024 12:30 AM] Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on…
UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’
Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status
[Sep 23, 2024 3:30 AM] Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden…
BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments
[Sep 22, 2024 8:30 PM] The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that…
Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles
[Sep 17, 2024 2:30 AM] Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital…
BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official
[Sep 17, 2024 1:30 AM] BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without…
Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
[Sep 16, 2024 5:30 AM] The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller…
BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals
[Sep 13, 2024 3:30 AM] Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing…
Russian Central Bank Targets July 2025 for Widespread Digital Ruble Use
[Sep 12, 2024 11:55 AM] The central bank wants to promote the widespread use of the digital ruble.
Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions
[Sep 10, 2024 7:45 PM] Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank…
Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023
[Sep 10, 2024 4:30 AM] During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas…