Russia Financial News

The use of crypto assets is being closely watched by global financial regulators amid the war in Ukraine after worry about its use to evade Western sanctions on Russia, according to Reuters.

Ukraine's president Volodymyr Zelenskyy will address the Italian parliament via video link on Tuesday morning.

XRP zoomed 7 per cent, followed by a 6 per cent rise in Cardano. Avalanche jumped 5 per cent, whereas Ethereum and Shiba Inu added 4 per cent each. The global cryptocurrency market cap advanced to $1.9 trillion mark, gaining more than 3 per cent in the last 24 hours. Total cryptocurrency trading volume rallied almost 15 per cent to $91.73 billion.What's cooking in India?The government has clarified that cryptocurrency investors will not be allowed to offset gains from one cryptocurrency against losses from another. In the recent Budget, the government had proposed to tax gains at the rate of 30 per cent but there was some confusion on how gains and losses will be calculated. This reply clarifies one of those doubts.

Wall Street banks are handing employees in Russia salary advances, part of efforts to reassure anxious staff as more firms pull back from the country in the wake of its invasion of Ukraine.

Kremlin critic Alexei Navalny was found guilty of fraud on Tuesday in a case that could earn him up to 13 years in prison.

Cryptocurrency investment products and funds showed net outflows for a second straight week, a report from digital asset manager CoinShares showed on Monday, on persistent concerns about regulation and the possible fallout from the Russia-Ukraine conflict. The sector posted net outflows of $47 million in the week ended March 18, after experiencing outflows of $110 million the previous week. Previous to the last two weeks, digital asset investment products saw seven straight weeks of inflows. The outflows came amid ongoing efforts to regulate crypto. President Joe Biden signed an executive order a few weeks ago requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other crypto issues.

The sister of a Romanian tourist who died after a London terrorist attack has paid tribute to her "beautiful, smart and soulful" sibling.

Baroness Helena Morrissey urged investors to stop buying stakes in Chinese companies, claiming they risk “being on the wrong side of history” if Beijing lends its support to Russia’s invasion of Ukraine.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Stock futures inched higher in overnight trading after Federal Reserve Chair Jerome Powell said the central bank is open to higher rate hikes to combat rising inflation.

EU Foreign ministers have reached a political agreement to give Ukraine another €500 million in arms and military equipment following a meeting in Brussels on Monday.

Russia is guilty of a "massive war crime" in Mariupol and is violating "the laws of war", the EU's top diplomat said on Monday, as the bloc's foreign ministers gathered to discuss additional sanctions against Russia.

Support for a European Union-wide ban on the purchase of Russian oil is growing inside the bloc, according to diplomats involved in the discussion, representing a significant shift in the continent’s stance toward how to ratchet up economic pressure on Moscow.

Ever wondered what it's like being Putin's number one enemy?

The last European Union diplomat to be evacuated from Mariupol says civilians there are being hit "blindly and indiscriminately".

Investment banking giant Goldman Sachs is “close to announcing” that it is the first major bank in the US to trade an over-the-counter (OTC) crypto transaction, per multiple reports. 

More than three weeks in and the Ukraine-Russia war is still raging, despite negotiations over a possible peace settlement. While the human costs of the war are something that can never be repaid, the war has also had a noticeable impact on the global economy and financial markets, including the crypto market.

The European Union is mulling imposing an embargo on Russian oil and coal — but not gas — as part of its next round of sanctions but the impact on Moscow may be limited.

At least six people were killed on Sunday night after the shelling of a shopping centre in Kyiv.

Alfred Kammer is the Director of the European Department at the International Monetary Fund (IMF); Jihad Azour is the Director of the Middle East and Central Asia Department at the IMF; Abebe Aemro Selassie is the Director of the African Department at the IMF; Ilan Goldfajn was Governor of the Banco Central do Brasil (BCB) from May 2016 until February 2019; Changyong Rhee is the Director of the Asia and Pacific Department at the IMF.____

Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks.