Russia Financial News

The Ukrainian government on Monday launched a website in partnership with crypto-firms FTX and Everstake that will funnel donations to Ukraine's central bank as it combats a devastating invasion by Russia.

Among the minor collateral damage from Russia’s invasion of Ukraine has been the reputation of the investment industry and its focus on ESG issues.

The euphoria for metaverse, which grew amid giant firms entering the space, has fizzled after a correction in the crypto prices due to the broader selloff in the financial markets amid the ongoing Russia-Ukraine crisis and inflation worries. Edul Patel, CEO and Co-founder, Mudrex said tokens are going down as investors are still speculating in cryptos, despite high volatility amid the ongoing war scenario.

Mohamed Suliman is a senior disinformation researcher at the Northeastern University Civic AI Lab

Barry Eichengreen, professor of economics at the University of California, Berkeley, is a former senior policy adviser at the International Monetary Fund. He is the author of many books, including In Defence of Public Debt (Oxford University Press, 2021).

U.S. stock futures rose slightly on Monday night as investors continue to monitor developments in the Russia-Ukraine conflict and get ready for a key Federal Reserve policy decision.

An anti-war protester interrupted a Russian news broadcast on Monday to denounce the war in Ukraine in a stunning move against the government's efforts to suppress any criticism of the invasion.

Crypto exchanges FTX and Kuna and staking platform Everstake have partnered with Ukrainian government officials to launch a donation website for users wishing to send crypto to help the country and its people.

Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation.

Governments have never really been the biggest fans of Bitcoin (BTC) and cryptocurrency. Not only does crypto escape their monopoly over the issuing and supply of money, but it also helps individuals escape any monetary restrictions they may wish to apply.

Gabriella Legrenzi, Senior Lecturer in Economics, Keele University; Reinhold Heinlein, Senior Lecturer in Economics, the University of the West of England, and Scott Mahadeo, Senior Lecturer in Macroeconomics, the University of Portsmouth.______ 

As Russia’s self-styled “special operation” against Ukraine continues, crippling economic sanctions remain the Western powers’ primary weapon to counter Russia’s military actions without triggering an even more dramatic escalation. As NATO and allies’ financial offensive unfolds, ensuring that the collective West presents a united front remains political leaders’ chief concern. The global crypto industry keeps getting suspicious looks as some agents of state power are seemingly entrenched in their beliefs that digital assets could be the weak spot undermining the efficiency of the sanctions push. Despite ample evidence to the contrary — including the FBI director’s Congress testimony — there are signs of increased regulatory pressure on the crypto industry participants, as well as policy initiatives that clearly capitalize on the situation to tighten state control of digital assets’ circulation.

Bitcoin (BTC) has declined by around 30% after topping out at 5.8 million rubles a token on March 9. Nonetheless, the said drop could be an excuse for traders to dump another big stash of the Russian national currency if a classic bullish continuation pattern plays out.

Bitcoin (BTC) stayed steady at $39,000 into Monday's Wall Street close as stocks took the opportunity to reclaim some losses.

Barring the dollar pegged stablecoins and Terra, all of the top digital tokens were trading lower on Monday. Avalanche tumbled 6 per cent, followed by a 4 per cent fall in Dogecoin, Shiba Inu and XRP each. The global cryptocurrency market cap today dropped lower to $1.72 trillion, down about 3 per cent in the last 24 hours. Total cryptocurrency trading volume jumped as much as 16 per cent to $62.45 billion.

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El Salvador may launch its sovereign bitcoin (BTC) bonds as early as tomorrow – but the war in Ukraine may cause disruption to the plans of the President Nayib Bukele-led government.

U.S. electricity customers are facing some of the largest bills in years because of volatile natural-gas prices, which are being driven higher by winter demand and a global supply shortage being made worse by Russia’s war against Ukraine.

As many as three Federal Reserve officials might urge the central bank to raise interest rates at its policy meeting this week by more than a widely expected 25-basis-point increase.

Russian prosecutors have issued warnings to Western companies in Russia, threatening to arrest corporate leaders there who criticize the government or to seize assets of companies that withdraw from the country, according to people familiar with the matter.

Deutsche Bank has said it will wind down its Russia operations — a major U-turn that sent shares higher Monday.