Nitat Termmee | Moment | Getty Images Americans who invest in mutual funds and exchange-traded funds have largely been insulated from financial exposure to Russia amid its conflict with Ukraine. The r...
Tag: Russia
Fed Chair Powell Calls for Congressional Action on Crypto Amid Ukraine, Russia Conflict
Federal Reserve Chairman Jerome Powell today reiterated his view that there is a growing need for cryptocurrency regulations during a testimony before the House Financial Services Committee. He said r...
Russia Did Not ‘Foreshadow’ That Crypto Would Save Economy From Sanctions, Says DeFi Expert
Russia has not anticipated the crippling impact on its economy from the sweeping sanctions imposed by Western countries and their allies, with the Kremlin unable to use cryptocurrencies to circumvent ...
Crypto Ukraine v Bankers Russia, Who Gone Win? – Trustnodes
In decades to come, it may be they say it’s in this 2022 when the crypto era really began for its power is being shown in full force and there may yet be more to come. In Russia, the cost of war is be...
China’s tech giants face a domestic backlash for exiting Russia — Quartz
US and European firms have scrambled to comply with sweeping western sanctions issued in response to Russia’s invasion of Ukraine. But for many Chinese tech companies, it will be tough to satisfy both...
In light of Russia sanctions, Fed chair calls for legislative framework to stop illicit crypto use
In an appearance before Congress today, the chair of the Federal Reserve made a rare commentary on legislation, addressing crypto in sanctions avoidance on the part of Russia. Jerome Powell, the Fed&#...
Russia Roscosmos refusing to launch OneWeb satellites: Ukraine crisis
A Soyuz 2 rocket launches 36 OneWeb satellites on March 25, 2020 from Vostochny Cosmodrome, Russia. Roscosmos The corporate internet space race has taken a geopolitical turn. Russian space agency Rosc...
Wheat prices trade ‘limit up’ again, hit highest in nearly 14 years
A summer wheat harvest in Chernihiv, Ukraine, on Thursday, Aug. 10, 2017. Vincent Mundy | Bloomberg | Getty Images Wheat futures reached new multiyear highs Wednesday, as war between major exporters R...
Dogecoin, other cryptocurrencies accepted for donations
Ukraine has started to accept dogecoin and a number of other cryptocurrencies as donations as Russia continues its invasion. Nurphoto | Getty Images Ukraine has expanded the number of cryptocurrencies...
Ryanair CEO says greater Western oil production ‘hits Russia hardest’
Ryanair Group CEO Michael O’Leary delivers remarks during a press conference in Lux Lisboa Park Hotel. Horacio Villalobos | Corbis News | Getty Images The chief executive of budget airline Ryana...
Bitcoin Rises as Visa and MasterCard Shun Russia Amid Capital Controls and Long Bank Queues in Moscow – Trustnodes
Visa and MasterCard have suspended their operations in Russia following the invasion of Ukraine. “We will continue to work with regulators in the days ahead to abide fully by our compliance obligation...
Commentary: Bitfinex Trading Team On The Surge Of Bitcoin Price Amidst Russia Attack On Ukraine
After the sanctions levied on Russia by the U.S after its attack on Ukraine, the price of Bitcoin experienced a sharp increase and reached $45,000 on Tuesday. Crypto Donations pour in from around the ...
Why Russia can’t use crypto to evade sanctions
As the war in Ukraine is continuing on its sixth day, sanctions imposed on Russia are both widening and deepening. More and more countries and international institutions are implementing sanctions, an...
Russia could “nationalize” foreign assets
Security Council deputy chairman and former president of Russia Dmitry Medvedev has said that Russia could “nationalize” foreign assets. Russia’s threat to foreign assets The measur...
Experts reject concerns Russia will use crypto to bypass sanctions: ‘Totally unfounded’
Experts on crypto policy argue that concerns expressed by high profile politicians about Russia evading economic sanctions using cryptocurrency are “totally unfounded.” They say the crypto market is n...
Bitcoin Nears $45K on Increased Demand From Ukraine and Russia
“In percentage terms, bitcoin recorded the largest daily candle in more than a year, gaining more than 18% day-over-day at the highest point of the rally,” Mikkel Morch, executive director...
Leveraged Russia ETF Closing
On Monday evening, Direxion announced it would be shuttering the Direxion Daily Russia Bull 2X Shares (RUSL). The leveraged ETF was hit hard by the plunge in Russia’s stock market as its underlying be...
Here’s how Chinese media is covering Ukraine
The Shanghai branch of the Communist Party newspaper, People’s Daily, on Feb. 27, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — In China, tightly controlled coverage of Ru...
Russia allegedly issues a temporary ban on foreigners pulling money out of the country
As Russia’s economy continues to plunge under the pressure of the harsh Western sanctions, Western companies have been rushing to pull out their investments from the country. Russia’s Prime Minister h...
Russia Can’t Rely On Crypto As Shield From Crippling Sanctions, Analysts Say
Using crypto as shield to save the country’s financial system from further collapse may not be the best solution for Russia in its ongoing invasion of Ukraine. As Russia continues to pound the country...
What Russia trades with the US, China, Brazil and the world — Quartz
The west continues to roll out sanctions against Russia for invading Ukraine. There are restrictions on the paths its airlines can fly, the banking systems it can use, and even the soccer tournaments ...
As The West Tightens Sanctions Against Russia, The Rouble Plummets To New Laws
The rouble fell to 119.50 per dollar in Asian trading, a record low for the economy and a steep 30 % drop from Friday’s close. Since then, it has recovered to around 110 cents per dollar. On Sun...
The U.S. Treasury declared comprehensive sanctions against Russia
The US took substantial and unprecedented action in response to Russia’s continued invasion of Ukraine. The US imposed severe economic costs on Russia economy and financial system. Those sanctions wil...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
Ukraine Applies For EU Membership Amid Slow Progress In Russia Talks
Ukraine said it had formally applied for membership in the European Union as preliminary talks with Russia over the ongoing Russia-Ukraine conflict proved to be inconclusive. Ukraine Applies for EU Me...
Putin Sowed Ukraine Conflict, Reaps Bitter Harvest
TOPSHOT – Russian President Vladimir Putin at the Kremlin in Moscow on February 22, 2022. (Photo by … [+] Mikhail KLIMENTYEV / SPUTNIK / AFP) (Photo by MIKHAIL KLIMENTYEV/SPUTNIK/AFP via G...
These 15 Stocks And 10 Funds Are Overexposed To Russia And Ukraine
Russian stocks have tanked following its invasion of Ukraine last week, and many stocks worldwide are feeling residual effects. Pierre Crom/Getty Images Stock markets worldwide have been seeing red si...
Bank of Russia to use SBFS as an alternative to SWIFT
The financial institutions in Russia have not been fairing well over the past week due to the economic sanctions that have been imposed on the country by the US and European countries. One of the majo...
Facing global sanctions, do cryptocurrencies present a way out for Russia
As the war in Ukraine rages on, an interesting phenomenon that has emerged is the role cryptocurrencies can play during a global crisis of this scale, and the ways in which it can be utilized by both ...
Opinion: Sanctioning Russia is a masterstroke that will cement the dollar’s dominant role in world affairs
LONDON (Project Syndicate)— The savage fighting in Ukraine has led many to wonder whether Russian President Vladimir Putin’s supposed strategic brilliance is all that it was chalked up to be. Though P...