Russia Financial News

Legalizing crypto could “fundamentally” undermine Russia’s financial system, the nation’s Central Bank has warned.

Business activity in the U.S., the eurozone and the U.K. picked up in February, a boost for the global economy and a sign of resilience as Russia’s war on Ukraine is poised to enter its second year.

Business activity in the U.S., the eurozone and the U.K. picked up in February, a boost for the global economy and a sign of resilience as Russia’s war on Ukraine is poised to enter its second year.

Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan.

Business activity in the U.S., the eurozone and the U.K. picked up in February, a boost for the global economy and a sign of resilience as Russia’s war on Ukraine is poised to enter its second year.

Ukraine continues working on cryptocurrency legislation a year after Russia’s invasion. According to Yurii Boiko, commissioner of Ukraine’s National Commission on Securities and Stock Market (NCSSM), the war has not changed its regulatory stance.

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The European Union sanctioned a Dubai-based subsidiary of Russia’s state-owned shipping giant, the first time it has used new powers to hit foreign-based entities that help Moscow circumvent Western restrictions.

A year of war in Ukraine is revitalizing U.S. oil exports as a source of financial influence and geopolitical power. 

Huobi and KuCoin, two of the world's largest crypto exchanges, have reportedly continued to provide services to customers of sanctioned Russian banks.

Tornado Cash developer Alexsey Pertsev remains in jail after facing money laundering charges for creating the mixing service, but a recent tweet by Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, suggests the crypto mixing service could soon have its comeback despite the legal woes of its developer.

Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance.

The European Union sanctioned a Dubai-based subsidiary of Russia’s state-owned shipping giant, the first time it has used new powers to hit foreign-based entities that help Moscow circumvent Western restrictions.

Business activity in the U.S., the eurozone and the U.K. picked up in February, a boost for the global economy and a sign of resilience as Russia’s war on Ukraine is poised to enter its second year.

The first Financial News list of the Twenty Most Influential in Fund Management celebrates the people shaping the sector across Europe.

The European Union sanctioned a Dubai-based subsidiary of Russia’s state-owned shipping giant, the first time it has used new powers to hit foreign-based entities that help Moscow circumvent Western restrictions.

Business activity in the U.S., the eurozone and the U.K. picked up in February, a boost for the global economy and a sign of resilience as Russia’s war on Ukraine is poised to enter its second year.

Popular crypto exchanges KuCoin and Huobi have come under fire for failing to comply with the sanctions imposed on Russia in light of its conflict with Ukraine. The Seychelles-based firms have a considerable presence in the crypto space and are counted among the world’s largest crypto exchanges. 

debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due to an economic slowdown caused by the COVID-19 pandemic and the Russia-Ukraine war. China, the world's largest bilateral creditor, urged G20 nations on Friday to conduct a fair, objective and in-depth analysis of the causes of global debt issues as clamour grows for lenders to take a large haircut, or accept losses, on loans. «On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of all public and private creditors,» IMF Managing Director Kristalina Georgieva told reporters after the roundtable she co-chaired with Indian Finance Minister Nirmala Sitharaman.

Sergey Vasylchuk, the chief executive officer of staking provider Everstake, said the company is continuing to move forward despite the continuing military conflict between Ukraine and Russia.

The pilot, with participation from 13 banks, will kick off in April, involving P2P and retail payments, according to local news agency TASS. Central bank first deputy chairman Olga Skorobogatova told reporters that, while the pilot will involve real payments, it will be for a limited number of transactions and customers. Russia had planned to begin testing a digital ruble in 2021, but put back the project in the face of concerns from banks that it could make the banking system more centralised, according to CoinDesk.