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Dollar’s Role Shrinks as 80% of Russian Export Revenues Shift to Non-Toxic Currencies
30.11.2024
Russia’s central bank, the Bank of Russia, has revealed that over 80% of major Russian exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy Governor Philipp Gabuniya highlighted this...
Ruble Plunges to New 2024 Low After US Imposes Sanctions Targeting Russian Banks
28.11.2024
The Russian ruble weakened after the U.S. imposed new sanctions on Russian banks. Europe Reduces Reliance on Russian Gas The Russian ruble fell to its lowest level since March 2022 after the U.S. imposed sanctions on 50 Russian banks, further disrupting the inflow of foreign currency into...
Analysts: Gold Transactions Fuel Russian Shadow Trading Payments
28.11.2024
Gold would be one of the commodities enabling payments between China and Russia. According to market analysts, the abundant Russian gold stash, representing almost a third of the country’s reserves, could be key in sidestepping the current trade difficulties originated by economic sanctions....
Russian gov’t approves new crypto taxation framework
28.11.2024
The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble
New Russian Sanctions May Spike Gas Prices in Europe, Experts Warn
25.11.2024
U.S. sanctions on Gazprombank may disrupt payment processes for Russian oil and gas buyers, potentially increasing energy costs in Europe, according to experts cited by Tass. Analysts warn that seeking alternative payment methods, such as using other banks or currencies, could heighten risks...
Трамп выбирает Скотта Бессента, управляющего хедж-фондом, поддерживающим криптовалюту, на пост министра финансов
23.11.2024
Избранный президент США Дональд Трамп назвал управляющего хедж-фондом Скотта Бессента, энтузиаста Криптовалюта , своим кандидатом на пост министра финансов.Если Сенат утвердит его кандидатуру, следующий человек, чья подпись украсит бумажные деньги США, станет сторонником экосистемы цифровой валюты...
Еще один демократ из SEC покинет агентство, оставив республиканцев у власти к февралю
22.11.2024
Внезапное заявление об отставке второго демократа из Комиссии по ценным бумагам и биржам США Хайме Лисарраги может дать республиканцам импульс, поскольку они начинают работу по изменению направления Политика агентства.Заявление Лисарраги прозвучало на следующий день после того, как председатель...
Dogecoin подскочил на спекуляциях Fresh X Payments после твита ELON Маска
22.11.2024
Популярная мемкоин-валюта Dogecoin {{DOGE}} подскочила на 5%, вернувшись к многолетним максимумам, достигнутым в начале этого месяца, после новых спекуляций относительно долгожданного платежного сервиса социального приложения X, принадлежащего ELON Маску.Судя по всему, причиной этого шага стала...
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
22.11.2024
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete...
Bitcoin Bull Market May Drive Russian Miners Underground
22.11.2024
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners...
Russian Energy Ministry Proposes Periodic Crypto Mining Restrictions in Certain Regions
17.11.2024
The Russian Energy Ministry has officially proposed limiting crypto mining activities in certain special regions affected by energy shortages. The authorities have the right to impose such a ban following the enactment of the recent national cryptocurrency law this month. Russian Energy Ministry...
US Dollar’s ‘Death Warrant’? BRICS Power Play Revealed by Russian Officials
5.11.2024
The U.S. dollar has been wielded as a “weapon of oppression,” a Russian official argues, accelerating its decline as the world’s reserve currency as BRICS nations pursue currency alternatives. The US Dollar’s New Fate: Lavrov Claims the End of an Era Has Begun Russian...
Russian CEO’s Market Manipulation Services Caught in DOJ’s Crypto Crackdown
3.11.2024
The DOJ has indicted a Russian cryptocurrency CEO for allegedly orchestrating a vast wash trading scheme to inflate crypto market volumes, misleading investors and exchanges globally. An Empire of Fake Trades: DOJ Reveals Conspiracy Inside Crypto Markets The U.S. Department of Justice (DOJ)...
Critics: G7’s $50 Billion Russian Assets-Backed Loan Might Upset the West’s Financial Stability
28.10.2024
The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, including losing the trust of some of their...
BRICS Isn’t Anti-West but Won’t Tolerate Western Currency Domination, Russian Official Says
26.10.2024
BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s Deputy Foreign Minister and BRICS Sherpa Sergey...
Russian Banks Baulk at Digital Ruble Implementation Costs
25.10.2024
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different...
Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free
22.10.2024
Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national...
Russian Crypto Miner, Sovereign Fund Aim for Global AI Leadership
21.10.2024
Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency mining. Both entities plan to build data centers...
BRICS Summit to Far Surpass US Presidential Election in Global Importance, Russian Official Claims
20.10.2024
The BRICS summit, not the U.S. presidential election, will be the defining event of global history, a Russian official claims. With BRICS expanding and 65% of its transactions now in national currencies, they argue the world is shifting away from U.S. dominance toward sovereign partnerships....
BRICS Slashes US Dollar and Euro Transactions to Below 30%
12.10.2024
BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian finance official. The U.S. dollar and euro account for less than 30% of payments among member states, signaling a strategic shift to reduce dependency...