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Russia May Expand Bitcoin Mining Restrictions to Additional Regions
24.4.2025
Three more regions in Russia have applied to join others in limiting bitcoin mining activities due to the high energy consumption of these operations. The Ministry of Finance stated that it is still undecided whether these new regions will impose a full mining ban or only restrictions during...
Russia’s central bank, finance ministry to launch crypto exchange
24.4.2025
Russia’s finance ministry and central bank are reportedly planning to launch a crypto exchange for qualified investors under an experimental legal regime.The platform will be aimed at “super-qualified investors,” Finance Minister Anton Siluanov said during a ministry meeting...
Russia’s central bank, finance ministry to launch crypto exchange
24.4.2025
Russia’s finance ministry and central bank are reportedly planning to launch a crypto exchange for qualified investors under an experimental legal regime.The platform will be aimed at “super-qualified investors,” Finance Minister Anton Siluanov said during a ministry meeting...
A Blow to the Dollar: Russia Reaches Historic Milestone by Paying for Over Half of Its Imports in Rubles
21.4.2025
According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral...
Russia Paves Way for Using Digital Ruble in National Budget Disbursements
18.4.2025
According to Russian authorities, the necessary steps for allocating budget funds using the digital ruble have already been completed, enabling the CBDC to be utilized for these disbursements. The Ministry of Finance has also prepared subsidies for an upcoming test. Digital Ruble on the Verge...
BRICS Poised for Explosive Growth as US Tariffs Push Nations Away, Expert Says
18.4.2025
Surging BRICS momentum is supercharged by escalating U.S. tariffs, driving emerging economies to abandon Western dominance and embrace a bold new multilateral power structure, a Russian expert says. BRICS Rising Fast With African and Asian Giants Turning Away From US Dominance Ekaterina Arapova...
Russia finance ministry official floats country making own stablecoins: Report
17.4.2025
A Russian finance ministry official has reportedly said the country should be developing its own stablecoin after a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether. Deputy director of Russia’s Finance...
Russia Eyes Own Stablecoins After USDT Blockage
17.4.2025
A senior official from Russia’s Finance Ministry has suggested that the country should develop its own stablecoins pegged to various currencies following the recent blocking of USDT stablecoin wallets linked to Russia. Dollar-pegged stablecoins have gained popularity for facilitating fund transfers...
Russia Expects BRICS Payment Network to Go Global—SWIFT’s Monopoly Under Threat
12.4.2025
BRICS is accelerating its break from Western financial dominance with a game-changing payment system that could soon welcome non-members, challenging SWIFT’s global stronghold. Lavrov Expects BRICS Alternative to SWIFT to Be Open to Non-Members Russian Foreign Minister Sergey Lavrov, addressing...
Russia Addresses US Tariff Threats as BRICS Ramps up Dollar Escape Plan
5.4.2025
Russia called U.S. threats over BRICS currency moves serious but stressed the bloc isn’t replacing the dollar—only modernizing finance to counter monopolistic global abuses. Russia Responds to US Tariff Warnings Aimed at BRICS Currency Moves Russian Deputy Foreign Minister Sergey Ryabkov, serving...
Digital Ruble Watch: Rollout Still Expected by Year-End, but Hurdles Are Still Present
3.4.2025
The digital ruble is still expected to be rolled out massively by year-end. Nonetheless, the Central Bank of Russia has reiterated that it will only start the implementation phase once it has worked out all the possible nuances during the current pilot. Digital Ruble Rollout Still on Track, Might...
Trump Threats Secondary Tariffs on Russian Oil if Peace Talks Go Under
31.3.2025
President Trump floated the idea of these secondary tariffs during an interview with NBC, where he also remarked that he was “very angry” at Putin’s attitude towards the resolution of the Ukraine-Russian conflict. China, India, Turkey, and the EU are the largest buyers of Russian...
BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future
29.3.2025
Russian Finance Minister Anton Siluanov specified that digital financial assets were among the options that BRICS was considering for securing independence from third-party nations in the economic trade arena. BRICS Profiles Digital Financial Assets as Part of Future’s Financial Settlements...
Russia civic chamber proposes dedicated fund for confiscated crypto assets
20.3.2025
Amid the growing adoption of cryptocurrency reserves in countries like the United States, legal activists in Russia are pushing to create a potential crypto fund.Evgeny Masharov, a member of the Russian Civic Chamber, has proposed creating a government cryptocurrency fund that would include assets...
Russia’s Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished
20.3.2025
More than a million Russians have fallen victim to cybercrime, resulting in an estimated $3 billion in damages. Cybercrime accounts for 35% of all crimes in Russia and is increasing by 30% annually, outpacing law enforcement efforts. Russia Faces Surge in Cybercrime, With Billions Lost to Fraud...
US Extradites Russia-Israel Citizen Linked to Lockbit Attacks
15.3.2025
A Lockbit ransomware developer has been extradited to the U.S., admitting to coding and consulting for the cybercriminal group, which paid him in cryptocurrency. Lockbit Ransomware Developer Extradited to US in Global Crackdown The U.S. Department of Justice (DOJ) announced on March 14 that...
Unnamed Insiders Allege Russia Taps Crypto Assets to Facilitate Oil Trade With China and India
14.3.2025
Based on whispers from unnamed insiders quoted by Reuters, Russia is reportedly turning to bitcoin, ether, and stablecoins as tools in its oil trade with China and India. These insiders, described as having “direct knowledge of the matter,” opted to stay in the shadows, citing...
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
14.3.2025
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions
Russia using Bitcoin, USDt for oil trades with China and India: Report
14.3.2025
Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate international trade with China and India, according to a Reuters report.Russian oil companies have been using crypto assets like Bitcoin (BTC) and Tether’s USDt (USDT) to accelerate international trades...
Russia Opens to Cryptocurrency: Central Bank Unveils Trading Sandbox Proposal
13.3.2025
The Bank of Russia introduced a proposal to allow highly qualified investors to purchase and sell crypto under an experimental framework lasting three years. Nonetheless, peer-to-peer transactions and payments would still be banned under this sandbox. Central Bank of Russia Opens up to Crypto With...