Russia Financial News

Global crypto and stock markets plunged after Russian President Vladimir Putin announced on a national broadcast that his army would conduct a “special military operation” in Ukraine. 

The whole crypto market once again followed the stock market and tumbled on Thursday as Russia's president Vladimir Putin ordered a “special military operation” to protect the people of the Donbas separatist region in Ukraine, but said Russia will “aim for demilitarization and denazification of Ukraine,” per Bloomberg. It is estimated that Putin had massed 150,000 troops on the border. In a speech on Thursday, Putin appealed to Ukrainian soldiers to lay down their arms and go home. He said Russia doesn’t plan to “occupy” its southern neighbor, but that Russia must “defend itself from those who took Ukraine hostage” -- the US and its allies who had crossed Russia’s “red line” with expansion of the NATO alliance, per the report. 

The global cryptocurrency market-capitalisation fell 5.78 percent over the last 24 hours to $1.61 trillion, while trading volumes were down to about percent to $12.72 million, falling by around 99.98 percent.

U.S. stock futures dipped slightly Wednesday evening after the Dow Jones Industrial Average closed at its lowest level of the year amid escalating tensions between Russia and Ukraine.

A senior US defence official in Washington said the Russian forces arrayed along Ukraine’s borders are “as ready as they can be” for an invasion, with about 80% in what the US considers "forward positions, ready to go” within 5 kilometres to 50 kilometres of the border.

The European Union is hitting Vladimir Putin’s closest circle in a new round of sanctions that come barely 48 hours after the Russian president recognised the breakaway provinces of Donbas, in eastern Ukraine, as independent territories, triggering international condemnation and fears of an imminent invasion.

Ukraine is set to declare a nationwide state of emergency that would allow for transport and individual checks to be imposed amid escalating tensions with Russia.

Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice

Avalanche (AVAX) rallied by around 20% in the last two days as a new report revealed millions of dollars flowing into AVAX-based investment products.

Bitcoin has suffered a lot over the past two weeks. It traded in the red early on 23 February thanks to the uncertainty around the Russia-Ukraine crisis. Russia’s actions towards Ukraine have prompted the United States and Europe to vow sanctions. This has cast a long shadow over global markets, including cryptocurrencies.

The UK is threatening to ratchet up pressure on the Kremlin thousands of miles away in the rich enclaves of London.

Bitcoin (BTC) checked its latest advance on Feb. 23's Wall Street open as Russia repercussions continued to play out. 

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Russia’s Ministry of Finance has explained how it plans to regulate – and tax – the nation’s crypto mining sector.

UK Prime Minister Boris Johnson has slapped sanctions on five Russian banks and three high-net-worth individuals, as part of the “first tranche” of sanctions against the country following its movement of troops into two breakaway Ukrainian regions.

Terra (LUNA) has fared better than its top crypto rivals when it comes to withstanding the negative market impacts of the ongoing Ukraine-Russia conflict.

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Fund managers are bracing themselves for the prospect of prolonged tension between Russia and the Ukraine, with some predicting the crisis will spark military conflict — a scenario that could stifle economic growth in the West and spur even higher inflation.

The European Union is planning to sanction Russia’s Defense Minister Sergei Shoigu and Russia’s Internet Research Agency, which U.S. officials previously sanctioned for allegedly fueling divisions during the 2016 U.S. elections, diplomats said Wednesday.

cryptocurrency market was trading higher on Wednesday while investors continued to monitor the escalating tensions on the Russia-Ukraine border. All the top digital tokens were in the green, with Terra rallying 10 per cent, followed by an 8 per cent rise in Avalanche. Cardano added 6 per cent and BNB 4 per cent. The global crypto market cap jumped about 3 per cent to $1.72 trillion. The total crypto market volume, meanwhile, jumped more than 18 per cent to $82.53 billion.

International firms with offices in Ukraine are dusting off contingency plans in case of a full Russian invasion.