1 / 8 Relevant items tagged with #Sanctions

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Russia is free to use Bitcoin in foreign trade, says finance minister

[Dec 25, 2024 2:09 PM] Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said.

Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’

[Dec 20, 2024 2:49 AM] Tornado Cash co-founder Roman Storm has petitioned a judge to drop the criminal charges against him after an appeals court found the Treasury unlawfully sanctioned the crypto mixer.

EU Bleeds €1.5 Trillion Under Anti-Russian Sanctions, Report

[Dec 13, 2024 6:30 AM] Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described…

China Prepares for Western Sanctions With Russia’s Economic Blueprint

[Dec 1, 2024 1:30 PM] China is closely studying Russia’s strategies for countering Western sanctions, viewing the situation as a model for preparing against similar economic measures in case of a Taiwan conflict. Beijing has reportedly formed an interagency group…

Big victory in Tornado Cash case as judge says OFAC exceeded authority

[Nov 26, 2024 11:59 PM] A US appeals court ruled the Treasury’s OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash’s immutable smart contracts.

New Russian Sanctions May Spike Gas Prices in Europe, Experts Warn

[Nov 25, 2024 3:30 AM] U.S. sanctions on Gazprombank may disrupt payment processes for Russian oil and gas buyers, potentially increasing energy costs in Europe, according to experts cited by Tass. Analysts warn that seeking alternative payment methods, such as using…

The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments

[Nov 22, 2024 10:30 AM] Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses…

Russia’s Foreign Trade Defies Western Sanctions, Official Claims

[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…

Coin Center lawyers argue Tornado Cash is not property

[Nov 20, 2024 6:00 PM] The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.

US lawmakers demand Treasury answer what it's doing about Tornado Cash

[Nov 19, 2024 3:31 AM] The Democrat members of Congress want answers from the Treasury on why Tornado Cash is still operating after being sanctioned.  

BIS distances from Project mBridge amid BRICS sanctions concerns

[Oct 31, 2024 5:33 PM] Economic sanctions have a profound effect on international financial architecture, it turns out.

BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?

[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…

US Sanctions on Russia Backfire, Elevating BRICS as a ‘Genuine Financial Threat’

[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…

Russia Warns of Global Market Shock if Frozen Assets Are Tapped, Intensifies Sanctions Threat

[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…

Massive Turnout at BRICS Summit Proves West’s Strategy to Isolate Russia Failed

[Oct 25, 2024 5:30 AM] Western efforts to isolate Russia have faltered as 36 nations attended the BRICS Summit in Kazan, a Russian official has declared. The BRICS leaders summit, chaired by Russia, saw 22 high-level delegations, highlighting Russia’s continued…

Sanctions Backfire: European Exporters Suffer More Than Russia

[Oct 22, 2024 5:30 AM] European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized…

Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free

[Oct 22, 2024 3:30 AM] Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now…

Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control

[Oct 19, 2024 2:30 AM] A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s…

BRICS More Attractive Than EU, Says Serbia’s Vulin

[Oct 10, 2024 2:30 AM] Serbia’s Deputy Prime Minister Aleksandar Vulin has championed BRICS as a compelling alternative to the European Union, emphasizing the economic bloc’s appeal for Serbia. He highlighted how BRICS does not impose political conditions…

Russia-Based Evil Corp Faces New US Sanctions

[Oct 4, 2024 3:30 AM] The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown on cybercriminals. Targeting seven individuals, the group is infamous for deploying Dridex malware and Bitpaymer…

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…

‘Wealthiest US prisoner’: How did Binance founder CZ get there?

[Sep 27, 2024 9:21 PM] Binance founder and former CEO Changpeng “CZ” Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.

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.

US sanctions Russian crypto platforms for money laundering ties

[Sep 26, 2024 9:33 PM] Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

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.

Terror victims claim DOJ withholding their cut of $4.3B Binance penalty

[Sep 26, 2024 4:01 AM] Four people who are victims or family of victims of state terrorism sued the Justice Department, claiming it hasn't put the appropriate funds from Binance's settlement into a victim fund.

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…

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…