Bank of Russia Opens Private Banks to Cryptocurrency Operations
The Bank of Russia has recently announced that it will open the possibility for private banks to include crypto operations in their service offering. First Deputy Chairman of the Bank…
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Finance Ministry: 20 Million Russians Hold Cryptocurrency, Bitcoin Still Preferred
Ivan Chebeskov, Deputy Finance Minister of Russia, estimated that around 20 million citizens used cryptocurrency for different purposes. Even with the various options available, Bitcoin was the most widely used…
EU Considers Sanctions on Ruble-Backed Stablecoin A7A5 Linked to Sanctioned Russian Actors
The European Union is reportedly considering sanctions targeting A7A5, a ruble-backed stablecoin tied to sanctioned Russian actors. According to documents reviewed by Bloomberg, the proposed measures would bar EU-based entities…
Russia Rejects Anti-Dollar Claims as Putin Defends BRICS Trade Strategy
Vladimir Putin underscored that Russia’s BRICS strategy targets collaboration, not confrontation, insisting the bloc’s dollar shift reflects necessity and a drive for balanced global economic independence. Putin Clarifies Russia’s Role…
Analyst: Cash-to-Crypto Exchange Market Reaches Billions in Russia
The gray cash‑to‑crypto exchange market in Russia moves billions, with Moscow serving as the main hub. Alexey Korolenko, executive director of Cifra Markets, says that while the government has cracked…
Russia Developing Sovereign Infrastructure to Ease Cryptocurrency Operations
Deputy Finance Minister Ivan Chebeskov stated that this move would be focused on establishing an experimental framework for facilitating cryptocurrency operations. The infrastructure would already be in development in a…
Russia and Brazil Forge Tighter Multilateral Grip With BRICS, G20, UN Moves
Russia and Brazil are aligning strategies across BRICS, the UN, and G20 to expand emerging economies’ influence, reshape global governance, and deepen their strategic partnership worldwide. Russia and Brazil Build…
Russian Finance Minister: Ruble Is “Strong,” Enhances Budget Traceability
Anton Siluanov, Russia’s finance minister, said the digital ruble, Russia’s CBDC, is a “strong” and “reliable” alternative to the fiat ruble. He said the digital ruble has special potential for…
Russia to Strengthen Grip on Digital-Asset Activities
The Bank of Russia signaled that a new phase of oversight on digital‑asset activities, including mining and investment, will begin next year. The institution said the increased control aims to…
Wheat for Cars, Seeds for Materials: Russia Revives Barter Amidst Crippling Sanctions
While still small compared with other alternative payment methods, barter has been revived in Russia to circumvent Western sanctions and mitigate risks to payment agents. Several such operations were identified,…
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