There has been a lot of recent narratives on the possibility of Russia switching to utilizing crypto if it’s ostracized by the international banking system. However, this may not be the case and it ma...
Tag: Russia
Corporate America condemns Russia — what that means for stock market: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, February 28, 2022 Corporate America is lau...
Russia Hikes Interest Rate to 20%, Asks Firms to Sell FX Reserves
The Central Bank of Russia announced on Monday the increase of its key interest rate from 9.5 percent to 20 percent that came as an emergency move. The move came as the monetary regulatory is trying t...
Public Mint Suspends Deposits and Withdrawals in Russia and Belarus
Multiple countries have imposed broad economic sanctions in response to the extraordinary events that followed Russia’s invasion of Ukraine. To meet these requirements or sanction orders coming from d...
Will cutting Russia off from SWIFT have the desired effect?
The European Union, US, and UK agreed to exclude some Russian banks from Swift in an effort to hit the aggressor’s banking network and its access to funds, BBC wrote. Swift enables the smooth and rapi...
Russia Banks Raise Key Rates by 20% in Desperate Measure to Save Ruble
Reuters BP quits Russia in up to $25 billion hit after Ukraine invasion BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-...
Russia Bans Foreigners From Selling Securities as Rout Deepens
(Bloomberg) — The Bank of Russia has banned brokers from selling securities by non-residents starting today in a bid to shield the nation’s assets from sweeping Western sanctions that include pe...
U.S. Banks Brace For Retaliatory Ransomware Attacks From Russia
Major U.S. banks are expecting retaliatory ransomware attacks following the imposition of tough sanctions on Russia for invading Ukraine, cyber specialists and executives say. Tensions between Russia ...
ECB says Russia bank subsidiary likely to fail
FRANKFURT, Germany — An Austria-based subsidiary of Russia’s state-owned Sberbank RU:SBER has been ruled likely to fail after depositors fled due to the impact of Russia’s invasion of Ukraine. The Eur...
Ukraine Is A Small But Mighty Market For Wine
A long history and a diversity of grapes drives the country’s winemaking The Chateau Chizay winery near Berehove in Zakarpattia Oblast Chateau Chizay Tough times for Ukrainians includes the wine indus...
Oil jumps as traders fear disruption in Russia’s energy industry
An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrey Rudakov | Bloomberg | Get...
U.S. stock futures plunge as investors weigh impact of latest Russia sanctions
U.S. stock-index futures tumbled late Sunday after President Vladimir Putin raised Russia’s nuclear alert level following stinging new sanctions from the West over the Russian invasion of Ukraine. Dow...
Dow futures fall more than 500 points as traders assess ripple effects of Russia sanctions
Traders on the floor of the NYSE, Feb. 24, 2022. Source: NYSE U.S. stock futures moved lower in overnight trading on Sunday as investors grew concerned about the economic ramifications of the fighting...
War Protests Erupt Across Europe—Including Russia
Topline With Russia’s invasion of Ukraine entering its fourth day, tens of thousands of people across Europe have gathered in protest of the war, calling on Russian president Vladimir Putin to put an ...
How To Fight War Crimes With Your Smartphone
A child in the rubble of a destroyed building (Photo by Sandro Maddalena/NurPhoto) (Photo by … [+] NurPhoto/Corbis via Getty Images) Corbis via Getty Images One of the biggest challenges of brin...
Deep Dive On Climate As Sea Levels – And Wars
Finding Beauty in A Broken World Shelby Chen It was a strange but premonitory connecting of dots. As Russia invaded Ukraine, I was sitting in a 3-day ‘deep dive’ at Harvard, learning from some of the ...
Traders Brace for Wild Markets After Russia Sanctions Stepped Up
(Bloomberg) — Traders braced for further turmoil as global markets kicked off Monday in Asia amid the growing financial fallout from Russia’s assault on Ukraine and the West’s response via sanct...
BP Drops Nearly 20% Stake In Russian-Owned Oil Firm After Invasion Of Ukraine
Topline Following pressure from the British government, British Petroleum announced Sunday it would be exiting its 19.75% ownership of Rosneft, a Russian state-owned oil firm that supplies Russia with...
The Price Levels That Must Hold
Frankfurt, Hesse, Germany – April 17, 2018: Many coins of various cryptocurrencies getty It’s telling that the major cryptocurrencies have failed to sustain a rally as a major geopolitical event...
With Russia cut off from SWIFT, could Bitcoin play a role in avoiding sanctions?
Following the invasion of Russian forces into Ukraine, several countries (i.e., the U.S. and a number of EU members) have imposed strict economic sanctions on Russia which, among other things, will pr...
How Smart Contracts Trigger Swift Action To Take Russian Goods Off The Market
Blockchain technology and smart contracts have opened up a whole new world of digital possibilities. At their most basic, smart contracts use precoded instructions to trigger outputs given certain inp...
Russia May ‘Nationalize’ Foreign Assets in Response to Western Sanctions, Medvedev Says – Bitcoin News
Authorities in Russia may begin to seize funds of foreign nationals and companies that are in the country, former Russian President Dmitry Medvedev has indicated. His warning comes as the West continu...
‘Catastrophe’—Bitcoin, Ethereum And Crypto Prices Now Braced For New Russia Earthquake After SWIFT Shock
Bitcoin, ethereum and cryptocurrency prices have swung wildly over the last week as Russia’s invasion of Ukraine sends shockwaves through global markets—adding to fears of a “cataclysmic m...
BlackRock Is Among Russia Bond Holders Tangled in $15 Billion Rout
(Bloomberg) — BlackRock Inc., Capital Group Companies and Legal & General Group Plc are the top holders of Russia’s dollar bonds, which lost almost half their value this week, according to d...
West Cuts Russia From SWIFT Over Ukraine Attack
Share this article A joint statement said that the action would “further isolate Russia from the international finance system.” Russia Blocked From SWIFT The West is cutting Russia from SWIFT. A joi...
Caribbean Food Security Likely To Be Impacted By Russia-Ukraine Conflict
As Russia began its invasion of neighboring Ukraine on February 24th, the world watched— and reacted. On top of the deeply devastating human elements of war have been the unavoidable global political ...
Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War
A SWIFT ban could make Russia go nuts again. Russia’s invasion of Ukraine triggered a cascade of consequences that were rapidly felt throughout the world. Apart from property and human life, global fi...
Dow futures up over 150 points amid reports that Russia agrees to talks with Ukraine
U.S. stock-index futures on Friday morning turned solidly higher on the back of reports that Russia had agreed to talks to possibly end the military conflict in Ukraine that kicked off earlier this we...
Commodities Face Wild Monday as Russia Hit With New Sanctions
(Bloomberg) — Commodities are heading for a manic start to the week as investors scramble to assess how the West’s latest sanctions on Russia — and an intensifying war in Ukraine — w...
Russian Billionaire Roman Abramovich Hands Control Of Chelsea FC To Charitable Foundation
Topline Russian billionaire Roman Abramovich announced Saturday he will give “the stewardship and care of” Chelsea FC to the trustees of the soccer team’s charitable foundation after nearly 20 years o...