City Sanction Financial News

26.02 / 16:47

cryptocurrency Waves Digital How Russia Can Evade Western Sanctions Using Cryptocurrency

Russia may use cryptocurrency to mitigate the impact of international sanctions

25.02 / 19:39

foreign EU to Hit Putin, Russian Foreign Minister With Sanctions

The European Union plans to hit Russian President Vladimir Putin and Foreign Minister Sergei Lavrov with sanctions, three EU officials and diplomats said, as the bloc readies a second package of sanctions on Russia over its attack on Ukraine.

25.02 / 19:39

Provident AIM U.S. Sanctions Against VTB and Sberbank Aim to Disrupt Russia’s Economy

U.S. sanctions on Russia’s two largest banks are the toughest measures yet against the country’s financial system, but leave room for businesses to maneuver, especially in the critical energy sector.

25.02 / 18:33

Provident BLOCK Digital Aware Russia May Use Cryptocurrency to Evade Sanctions

In response to the economic sanctions being imposed by a number of countries on various Russian entities, these entities reportedly are looking to mitigate their impacts by making deals with anyone eager to work with them. In turn, these Russian entities can use cryptocurrencies to bypass the controls that the governments imposing sanctions are relying upon, particularly transfers of money through the traditional banking system.

25.02 / 15:15

crypto currency Russia Ukraine us sanctions Russia could use cryptocurrency to blunt the force of US sanctions

Since then, the global market for cryptocurrencies and other digital assets has ballooned. That is bad news for enforcers of sanctions and good news for Russia. On Tuesday, the Biden administration enacted fresh sanctions on Russia over the conflict in Ukraine, aiming to thwart its access to foreign capital. But Russian entities are preparing to blunt some of the worst effects by making deals with anyone around the world willing to work with them, experts said. And, they say, those entities can then use digital currencies to bypass the control points that governments rely on — mainly transfers of money by banks — to block deal execution.

25.02 / 08:13

cryptocurrency Target Digital Russia Ukraine How Crypto May Help Russia And Its Billionaires Go Around Sanctions

The legal status of cryptocurrencies in Russia is in flux.

22.02 / 18:39

markets Bitcoin Bitcoin Price Bitcoin inches past $38K as Wall Street opens to strange calm on Russia sanctions

Bitcoin (BTC) recovered to $38,000 as Wall Street opened on Feb. 22 amid a tense atmosphere over geopolitical instability.

22.02 / 11:13

Gold Bitcoin Ruble Bitcoin dips to $36.4K as Ukraine move sends Russian ruble to near 6-year lows vs. dollar

Bitcoin (BTC) fell to fresh lows on Feb. 22 as the aftermath of Russia's expected incursion into Ukraine triggered more market woes.

17.02 / 17:55

Action How Well Could Russia’s Economy Withstand Sanctions?

When Russia annexed Crimea in 2014, the European Union, U.S. and other countries hit Moscow with punitive economic measures. Russian individuals and organizations have since been sanctioned for interfering in overseas elections, cyberattacks and other actions. Now, Russia has amassed tens of thousands of Russian troops along Ukraine’s borders in what some fear could be a prelude to a full-scale invasion.

14.02 / 19:41

Government Blockchain Asia Sanctions and trade: Iran aims to develop a central bank digital currency

As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has grabbed the attention of many nations worldwide including the Islamic Republic of Iran.

28.01 / 20:25

Target Action Strategy Biden Sanctions Plan Targets Russian Banks, Companies and Imports If Ukraine Is Attacked

WASHINGTON—The Biden administration is narrowing its targets for a barrage of economic sanctions against Russia if it attacks Ukraine—hitting major Russian banks, state companies and needed imports, though the strategy faces obstacles that have hindered previous pressure campaigns.

31.12 / 10:19

Sanctions will cause 'complete breakdown' in US-Russia relations, Putin warns Biden

Vladimir Putin has warned Joe Biden there would be a complete breakdown in relations between Russia and the United States if new sanctions were imposed because of tensions in Ukraine.

16.12 / 00:08

Food Sanctions needed before any Russian invasion, says Ukrainian president

EU sanctions are needed before any possible Russian invasion happens, according to Ukraine's president.

13.12 / 18:55

Bitcoin US ‘Could Hit El Salvador’s Chivo Bitcoin Wallet with Sanctions,’ Claims NGO

The United States could impose sanctions on El Salvador’s Chivo bitcoin (BTC) wallet, the human rights organization Cristosal has speculated.

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