Russia Financial News
09.03 / 18:27
Digital
Action
Bitcoin
Biden to Order Federal Agencies to Study Crypto Impacts
On March 9, President Biden will sign a long-awaited executive order instructing federal agencies to study various impacts of cryptocurrency use. The order will task regulators with reviewing risks to consumers, investors, and the economy at large. Following the study period, which will be ongoing for several months, federal agencies will prepare reports based on their findings. The White House will then use those findings in any new regulatory actions in the future.
09.03 / 18:03
Citi
Citigroup
ICE
Citigroup puts Russian technology hiring spree on ice
Citigroup has put a planned recruitment spree of technologists in Russia on ice, as large investment banks face pressure to review their operations in the country in the wake of its invasion of Ukraine.
09.03 / 18:03
UPS
exit
Pressure grows on law firms to exit Russia and give up ‘money tainted by blood’
Pressure continues to build on international law firms to exit Moscow and cut ties with Russian clients following Vladimir Putin’s invasion of Ukraine.
09.03 / 16:59
Ripple
services
Why banks and professional services firms need a thorough sanctions review
Anna Rothwell is a senior lawyer at Corker Binning
09.03 / 16:59
UPS
Deal
Ukraine war threatens $130bn deal boom: ‘I’ve never seen such an acute turn’
Russia’s invasion of Ukraine is threatening to derail a deal boom that hauled in a record $130bn in fees for investment banks last year and helped prop up profits at the largest Wall Street and European lenders.
09.03 / 16:49
business
Blockchain
Adoption
Dubai
Lockdown to metaverse: Pandemic leads crypto entrepreneur to new business headquarters
Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities in the country.
09.03 / 16:27
Gap
Higher Vehicle, Energy Imports Push January U.S. Trade Deficit to New Record
The U.S. trade deficit hit a fresh record in January ahead of the Russia-Ukraine crisis, as imports of vehicles and energy supplies increased while exports fell.
09.03 / 16:09
09.03 / 16:07
Citi
‘Frustrated and powerless’ Ukrainians in London scramble to help war effort
Petro Levchenko left Ukraine’s capital city, Kyiv, when he was 16. He spent the past 14 years working at banks in London including BNP Paribas and Credit Suisse, before switching to run a cryptocurrency hedge fund.
09.03 / 15:59
exit
Pressure grows on legal sector to exit Moscow: ‘Not every law firm employee wants to buy family groceries with money tainted by blood’
Pressure continues to build on international law firms to exit Moscow and cut ties with Russian clients following Vladimir Putin’s invasion of Ukraine.
09.03 / 15:13
Technology
Women
The EU has a 'moral duty' to make Ukraine a member state: Estonia PM
The European Union has a “moral duty” to make Ukraine a member state and should consider using military force to counter Russian aggression, according to Kaja Kallas, the prime minister of Estonia.
09.03 / 15:07
Citi
Pool
Goodbye Londongrad: Property market hit by pressure on Russian oligarchs
Over the past two decades, London’s high-end property market was overrun by the global superrich led by Russian oligarchs who did so many big, brash deals that locals called the city Londongrad.
09.03 / 14:53
cryptocurrency
approved
Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved
The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan.
09.03 / 14:37
global economy
Global Economy Braces for Impact of Russia’s War on Ukraine
Soaring commodity prices, sweeping financial sanctions and the potential for a ban on energy imports from Russia after it invaded Ukraine are threatening to hobble a global economy still weakened by the Covid-19 pandemic. They are also complicating the task of central banks that had been preparing to phase out easy money.
09.03 / 13:47
Caterpillar
Kimberly-Clark
Honeywell
Here are the household names still operating in Russia
A Yale professor and his research team are keeping tabs on companies that are still operating in Russia in the wake of its invasion of neighbouring Ukraine — and the list includes many household names.
09.03 / 13:21
Technology
Friend
'See what your friend Putin has done': Salvini mocked in Poland
Italy's former hardline interior minister Matteo Salvini has been called out for his previous support of Russian President Vladimir Putin.
09.03 / 13:05
Binance
Reuters
CEO
Platform
Binance CEO Considers to Buy Chelsea Football Club, Report says
The global crackdown on Russian oligarchs has pushed Roman Abramovich to offer his Premier League club, Chelsea FC, for sale.
09.03 / 12:53
markets
Altcoin
Bitcoin
Bitcoin Price
Returns
inflation data
Bitcoin returns to $42K as markets await potential 7.9% CPI inflation data
Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels.
09.03 / 12:51
London Metal Exchange suspends nickel trading as Russia jitters send price to record
The London Metal Exchange suspended nickel trading amid a flurry of demand that sent the metal soaring to $100,000 per tonne.
09.03 / 12:35
Forecast
economics
banking
Financial
Could the Ukraine Invasion Spark a Global Financial Crisis?
Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University. ____
09.03 / 12:35
cryptocurrency
regulation
Bitcoin
regulatory
US Treasury Issued Then Deleted Announcement Saying New Crypto Regulatory Measures Are Incoming
Washington said in a now-deleted announcement that it was set to change the way it regulates cryptoassets – following speculation and leaks claiming that intensified policies are on their way. Observers have responded by warning that short-term volatility may ensue in the crypto markets, with many people looking to offload assets in a forthcoming “really rough ride” for tokens.
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