(Bloomberg) — Saudi billionaire Prince Alwaleed Bin Talal invested more than $500 million in Russian firms in the days around Moscow’s invasion of Ukraine. Most Read from Bloomberg Prince Alwale...
Tag: Russia
Russia to Begin Phased Release of Digital Ruble
Russia’s apex bank has revealed that it has started testing its digital ruble project and it will be rolled out with new features starting from 2023. According to a document shared by the apex bank, t...
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 Aims for Full Launch of Digital Ruble in 2024 – Finance Bitcoin News
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 pe...
Russia announces plans to release digital ruble to banks in 2024
The Bank of Russia has continued working towards the launch of a central bank digital currency (CBDC). The country plans to roll out the digital ruble to banks over the next few years. Russia plans to...
Russia plans to roll out digital ruble across all banks in 2024
The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years. According to the Bank of Russ...
LNG, Fastest-Growing U.S. Export Since Covid-19, Heading To Europe
The fastest-growing markets for U.S. LNG are all in Western Europe, in response to the Russian … [+] invasion of Ukraine. ustradenumbers.com The fastest-growing top 100 U.S. export from pre-pand...
Russia May Introduce “Targeted” CBDC by 2023
Key Takeaways The Bank of Russia announced in a report today the possibility of designing some digital rubles in a way that they could only be used for specific purchases. The central bank expects a d...
Europe turns to SpaceX for launch needs due to tensions with Russia
The European Space Agency (ESA) is allegedly in discussions with Elon Musk’s SpaceX to use its launchers, at least temporarily. This discussion comes as a result of the Russian Soyuz rockets being bl...
We’ll have to burn additional coal in the short term, CFO of RWE says
An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. Alex Kraus | Bloomberg | Getty Images The chief financial officer of Germa...
Ukrainian Jets Are Firing American Anti-Radar Missiles
A U.S. Navy EA-6B fires an AGM-88 HARM in 1999. U.S. Navy photo Ukrainian aircraft are firing American-made AGM-88 High-Speed Anti-Radiation Missiles at Russian air-defenses in Ukraine. It’s an unexpe...
McDonald’s Unveils Ukraine Reopening Plans After Spurning Russia
Topline McDonald’s will soon resume operations at some of its Ukraine locations after shuttering for six months, according to a note sent to employees Thursday morning, following the fast food giant’s...
Grain Is Starting To Ship From Ukrainian Ports But It Might Be Too Late For Starving Millions
For six months, ships filled with grain have been sitting idle in ports along the Black Sea, victims of Russia’s unprovoked attack on Ukraine. Now some of those ships are moving, navigating the perils...
We Must Act To Protect Ukrainian Children
The last months have seen allegations of Russia abducting Ukrainian children and subjecting them to illegal adoptions in Russia. In March 2022, less than a month after Putin attacked Ukraine, the Ukra...
Northrop Grumman moves rocket work from Russia, Ukraine with Firefly
Northrop Grumman’s Antares rocket lifts off from NASA’s Wallops Flight Facility in Virginia on Aug. 10, 2021 carrying a Cygnus spacecraft with cargo for the International Space Station. Te...
Ukraine’s 93rd Mechanized Brigade Just Liberated A Village From The Russians
The 93rd Mechanized Brigade with a captured ex-Russian T-80 tank. Ukrainian army photo Lately you’ve had to look really hard to find unambiguous good news for either of the armies fighting in Ukraine....
FAO food price index fell sharply in July but the respite may not last
Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | Afp | Gett...
Russia and Ukraine war is blamed for the rising Inflation with 79.6 % in the last 24 years in Turkey –
The biggest annual rise in consumer prices was in the transportation sector, up 119.11 percent. As per relevant data, The inflation rate in Turkey rises to 79.6 percent, which is the highest inflatio...
The Ukrainians Are Hitting The Russians Where They Aren’t
The Ukrainian army’s 93rd Brigade around Izium. Ukrainian defense ministry photo The Russian army in Ukraine apparently is shifting a third of its forces in eastern Ukraine to southern Ukraine i...
Saudi Arabia To Join The Ranks Of Trillion-Dollar Economies, Buoyed By Oil Surge
View of the Saudi capital Riyadh, on 12 December 2018 (Photo: Simon Kremer/picture alliance via … [+] Getty Images) picture alliance via Getty Images Saudi Arabia is set to join the ranks of the...
Ukraine Accuses Russia Of ‘Nuclear Terror’ Amid Fighting Near Europe’s Largest Nuclear Plant
Topline Ukraine is calling for a stronger response from the international community after accusing Russia of once again shelling Europe’s largest nuclear power plant—the Zaporizhzhia plant in southern...
It Seems Ukraine Is Struggling To Form Tank Brigades
A Ukrainian tank crew in action. Ukrainian army photo The Ukrainian army’s tank brigades are spread thin. That could help to explain why the army’s highly anticipated counteroffensive in southern Ukra...
TECH WEEK- is the largest tech business conference in Russia & Eastern Europe
5,000 business representatives from the top ranking innovative technology companies will take part in the November TECH WEEK conference in Skolkovo. The program will include twenty thematic sections, ...
Russia Undercuts Saudi Oil in India as Competition Heats Up
(Bloomberg) — A fierce battle is brewing in India where Russia has undercut the price of oil from its OPEC+ ally Saudi Arabia, paving the way for Moscow to expand market share in one of the bigg...
Indian rupee weakness, hitting fresh lows amid global headwinds
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
How To Buy Better Time
All of us think that timing is exact, that it will always be there on our smartphones or watches. But these devices are not foolproof. Electromagnetic storms, foreign interference with satellites, and...
War Has Caused $108 Billion In Damage To Ukraine’s Infrastructure, Study Finds
Topline Russia’s invasion of Ukraine has caused $108.3 billion in damage to the country’s infrastructure, according to a study from Kyiv School of Economics released the same day Ukraine’s defense min...
I’m Going Nuclear To Beat Putin At His Own Game
The crisis is a boon for nuclear power, and Cameco Corp. (CCJ). Johannes Plenio Gas Crisis in Europe Heats Up Uranium Prices Winter is coming and Russia is threatening for cut off natural gas supplies...
Russia Claims Ukraine Killed Its Own POWs—Here’s Why Few Believe It
EDS NOTE: GRAPHIC CONTENT – In this photo taken from video a view of destroyed barrack at a prison … [+] in Olenivka, in an area controlled by Russian-backed separatist forces, eastern Ukr...
Russia Has Received $2.2M in Crypto Donations to Fund War Purchases: Report
Leading blockchain security firm Chainalysis revealed in a recent report that pro-Russian groups had raised millions of dollars in cryptocurrency donations to fund Russia’s war against Ukraine. Pro-Ru...