Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the...
Tag: Rubles
Russia Burning Through a Trillion Rubles – Trustnodes
The Russian government has began depleting its savings, with it already spending more than half of ruble reserves that the budget had accumulated in bank accounts. They are now opening the piggy bank,...
IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency – Emerging Markets Bitcoin News
After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the...
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles – Finance Bitcoin News
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the ins...
Russia in Plans of Introducing Targeted CBDC as Digital Rubles by 2023
The targeting technique, or coloring, as it is commonly known, would boost the effectiveness of government expenditure, according to the central bank. An implementation schedule for the CBDC was...
Bank of Russia Speeds Up Ruble’s Digital Counterpart Launch
4 hours ago | 2 mins read Bitcoin News Russian central bank had initially planned to begin the digital ruble pilot. Digital ruble wallets were established using mobile applications. Moscow has been pe...
Ruble’s Rally Stumbles After Interest-Rate Cut
A rally in the Russian ruble that made it the world’s best performing major currency reversed itself for a second day Friday following an extraordinary rate cut by the country’s central bank. Russia’s...
Finland Loses Main Gas Supply After Refusing Payment in Rubles
(Bloomberg) — Russia has cut Finland off from its natural gas supplies as relations between the two neighbors sour over the Nordic nation’s decision to join defense alliance NATO. Most Read from...
Russia Prepares To Cut Gas Supplies To Finland Days After NATO Application
Topline Finland will be cut off from Russian gas after it refused demands to pay in rubles, Finnish state-owned firm Gasum said on Friday, just days after the Nordic country formally set aside decades...
Poland and Bulgaria say Russia suspending natgas supplies over rubles
Officials in Poland and Bulgaria say Russia is suspending their countries’ natural gas deliveries starting on Wednesday. The governments of the two European countries said Tuesday that Russian energy ...
Russia Threatens To Cut Off Gas To Poland After Country Declines To Pay In Rubles
Topline Russian energy giant Gazprom told Poland’s main natural gas supplier PGNiG it will stop all gas flows to the country on Wednesday, the company said Tuesday, a month after Poland and many other...
No data backs Russia’s PM statement of “10 trillion rubles spent on crypto”
Russian prime minister Mikhail Mishustin has said that Russians have spent close to 10 trillion rubles ($130 billion) on cryptocurrency. He made this statement while speaking on government TV and Mos...
Russia’s Creditors May Have To Choose Between Getting Paid In Rubles Or Not Getting Paid At All
The Kremlin says it’s prepared to make debt payments in rubles, with the U.S. Treasury blocking access to its dollars. Getty Russia’s creditors face the unappetizing prospect of accepting debt p...
Gazprom Starts Telling Clients How to Pay for Gas in Rubles
(Bloomberg) — Russia’s Gazprom PJSC has started telling clients how to pay for their gas after President Vladimir Putin said purchases from “unfriendly” nations would need to be settled in ruble...
Why Putin wants Russia to be paid in rubles
Now that Russia, the largest supplier of natural gas to the world, will only accept payment for energy exports in rubles, what implications does that have for the outcome of Vladimir Putin’s war in Uk...
Ukraine’s Friends Refuse to Pay Russia Rubles for Gas. What Could Come Next.
The Kasimovskoye underground gas storage facility operated by Gazprom, in Kasimov, Russia. Andrey Rudakov/Bloomberg Text size Vladimir Putin was rash enough to invade Ukraine. Could he double his bet ...
Russia wants the West to pay for oil and gas in rubles — Quartz
Vladimir Putin is insisting that 48 “hostile nations“—the US, the UK, and the EU’s members among them—pay for Russian gas in rubles. The demand is more than provocation; it’s a strategy to force the W...
Poland’s PGNiG won’t pay for Russian gas in rubles, CEO says
Poland says there is no “possibility” of paying for Russian gas in rubles, citing contractual agreements. PGNiG, which is Poland’s largest oil and gas company, says it has a deal in place with Russian...
Russian gas will only be payable in rubles
In response to international sanctions, President Putin has decided that Russian gas will only be payable in roubles. Sanctions and consequences Nine days after the sanctions came into force, the sit...
Crypto trading in rubles falls even as ECB warns again on sanctions
The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions. However, as of March 18, da...
Putin Plans To Make ‘Unfriendly’ Countries Purchase Russian Gas In Rubles
Topline Russian President Vladimir Putin is planning to make “unfriendly” countries purchase Russian natural gas in rubles, he said at a government meeting Wednesday, which could worsen the energy cru...
Russia seeks a way to counter economic instability by seizing 60 trillion rubles of its citizens
The war between Russia and Ukraine has made the revival of economic situations more difficult, especially in Russia itself On 24 Feb, Russia launched a full-fledged military operation in its neighbor...
This Week [In] Crypto: Billions Recovered, Wash Trades, Trillion Rubles in Taxes
Did you miss anything important [In] Crypto this week? No worries, we got you! We saw everything from recovering billions of dollars to white hat hackers saving Coinbase to Samsung’s crypto wallet ann...
Over 6 Billion Rubles Withdrawn from Binance After the Renewed Rumors about Cryptocurrency Ban
Jan 21, 2022 at 10:33 // News An unknown investor withdrew over 6 billion rubles ($83 million) in USDT from one’s Binance wallet on January 20. The transaction coincided with the renewed rumors ...