Russia has defaulted on its foreign debt after a grace period on bonds interest payments lapsed on Sunday. The expiry of the 30-day grace period means Russia is in default on its foreign currency debt...
Tag: Russia
Russia Strikes Central Ukraine Mall With More Than 1,000 People Inside, Zelensky Says
Topline Russia on Monday struck a mall in central Ukraine that had more than 1,000 people inside, Ukrainian President Volodymr Zelensky said, sharing a video that appeared to show massive fires at the...
Russia Defaults on Foreign Debt for First Time Since 1918
(Bloomberg) — Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas...
Sanctions Push Russia Near First Foreign Default Since Revolution
Russia was poised to default on its foreign debt for the first time since 1918, pushed into delinquency not for lack of money but because of punishing Western sanctions over its invasion of Ukraine. R...
Russia Is Hours Away From Its First Foreign Default in a Century
(Bloomberg) — After months of teetering on the edge of default, Russia is now just hours away from a dramatic moment in the financial battle that the US and others have waged against the Kremlin...
Bank of Russia Accelerates Schedule for Digital Ruble Project – Finance Bitcoin News
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of ...
The Ukrainians’ American-Made Rockets Blast The Russians For The First Time
Ukrainian HIMARS in action. Via social media Ukraine’s new American-made rocket-launchers apparently have fired their first shots at Russian forces. The first-ever documented fire-mission by the High-...
Russia to default for first time in a century as payment deadline looms
Russia – Contributor/Getty Images Russia is poised to default on its international debts for the first time in a century this Sunday, after time runs out for Moscow to make about $100m of overdu...
Germany warns of a ‘Lehman moment’ if Russia cuts off natural gas to Europe
Germany is one step closer to having to ration its gas usage as supply from Russia starts to dry up, and the country’s top economic affairs official is warning that it could lead to an even larger eco...
Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia – Regulation Bitcoin News
A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of...
The Rise Of The G7 And The Decoupling Of Global Governance
John Kerry, the U.S. President’s Special Envoy for Climate, speaks at a press conference at the … [+] meeting of G7 Ministers for Climate, Energy and Environment on the establishment of a ...
The Ukrainian Military Is Changing Its Tactics With The Bayraktar TB2 Drones
During the first four months of the Russia-Ukraine war, the “Most Valuable Player” award could readily go to the Bayraktar TB2 drone. This drone provided the Ukrainians with the necessary air power to...
Nike gets downgraded and announces exit from Russia; What’s next for NKE stock?
It seems as if the U.S. sportswear giant Nike (NYSE: NKE) is exiting Russia completely, three months after suspending operations in the nation. Notably, Nike is one of the last global brands to exit R...
EU Leaders Will Back Ukraine As Candidate Member Today — Here’s What That Means
Topline European leaders on Thursday are expected to unanimously back Ukraine as an official candidate for EU membership, a major symbolic victory for Kyiv as it fights off Russian invaders and the fi...
Russia to Trial Digital Ruble Settlements for Real Estate Deals – Bitcoin News
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts ...
Brittney Griner Named Honorary WNBA All-Star While Detained In Russia
Topline Detained WNBA star Brittney Griner was named an honorary starter on Wednesday for the league’s upcoming All-Star Game, with WNBA commissioner Cathy Engelbert saying there is “no do...
Clean energy set for $1.4 trillion boost in 2022, IEA says
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Pi...
How Betting Big On Clean Energy Could Save Europe $1 Trillion
A tractor drives past wind turbines under construction near Grapzow, Germany. Getty Images When politicians and pundits take to the airwaves to address climate change, they regularly reduce the challe...
Russia backtracks on crypto payments
Just days after the outbreak of the conflict in Ukraine, and the launch of the first harsh economic sanctions against Russia, which had invaded the country, a high-ranking politician in the Duma had h...
Ukrainian Kamikaze Drone Strike Sets Russian Oil Facility Ablaze
Russian media are showing a video this morning of a kamikaze drone attack on a Russian oil refinery which leaves the site in flames. The strike looks like the sort of Drone Doolittle Raid which Forbes...
What does the rise of the digital yuan mean for the economy of Russia?
The digital yuan is China’s new digital currency. It’s similar to other digital currencies, but the Chinese government backs it. It makes it different from Bitcoin and other cryptocurrencies, which an...
State Department ‘Deeply Regrets’ Not Connecting Brittney Griner’s Call With Wife
Topline A State Department spokesperson said Tuesday the agency “deeply regrets” preventing a call from WNBA star Brittney Griner—who has been detained in Russia on drug charges since February—with he...
Five Reasons The Ukraine War Could Force A Rethink Of Washington’s Pivot To Asia
Russia’s invasion of Ukraine has greatly complicated U.S. military and diplomatic calculations, but it doesn’t seem to have changed official Washington’s belief that China is the greater threat. A fac...
Russia’s New Economic Policy: Famine, Looting And Stealing?
A wheat field at a farm in southern Ukraine’s Odessa region, on May 22, 2022. (Photo by GENYA … [+] SAVILOV/AFP via Getty Images) AFP via Getty Images In the 1920s, despair prompted Soviet...
German Coal, French Nukes Throw Europe Deeper Into Energy Crisis
Wind turbines are seen near the coal-fired power station Neurath of German energy giant RWE in … [+] Garzweiler, western Germany, on March 15, 2021. – On March 16, 2021, the group will pre...
Russia leapfrogs Saudi Arabia as China’s biggest oil supplier—with some help from massive discounts
Russia has reclaimed its position as China’s biggest oil supplier, overtaking Saudi Arabia in May as Beijing cashed in on discounted Russian energy. Last month, Chinese imports of Russian oil surged b...
Google files for bankruptcy in Russia
Alphabet, Google’s subsidiary in Moscow, has decided to file for bankruptcy following the freezing of its accounts by the Russian government. Google’s Russian subsidiary prepares to file for bankruptc...
Blockchain System Developed by Russia to Replace Swift
Russia seems to be getting around the Swift ban using blockchain tech Russian banks were excluded from the SWIFT system last February CELLS platform provides its users with the ability to create walle...
Russia Develops Blockchain System to Replace Swift
Russia seems to be getting around the Swift ban using blockchain tech. Russia’s Rostec Group is a government organization that includes a number of technology companies. They have announced they have ...