Key Takeaways The U.S. Treasury has published a document suggesting that sanctions against Russia from last year will be expanded upon. Those sanctions originated in an executive order from April 2021...
Tag: sanctions
Will Crypto Help Russia Bypass New Sanctions?
SWIFT stands for ‘Society for Worldwide Interbank Financial Telecommunication.’ It is a cross-border payment system that allows customers all around the world to shop, send money, pay fees, and more. ...
Ruble dips Following additional sanctions on Russia
Commodities surged on Monday as sovereign bonds rallied, with equities dropping as the conflict between Russia and Ukraine escalates and following a new list of sanctions. European markets and US inde...
European Central Bank expresses concerns over Russia using crypto to avoid sanctions
The president of the European Central Bank, Christine Lagarde, is calling upon the European Union to develop a strict cryptocurrency regulatory framework. This call comes as Russia continues to face t...
Will Russia Use Crypto to Avoid Newly-Imposed Sanctions?
Analysts are convinced that Russia may utilize cryptocurrency to avoid sanctions recently imposed due to its attack on Ukraine. What Will Russia Do with Crypto? Last week, the U.S. imposed sanctions o...
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions – Bitcoin News
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in li...
Goldman Sachs: Sanctions could make Russian assets ‘uninvestable’
Goldman Sachs says tougher sanctions on Russia are beginning to bite, and could soon see the country’s assets become “uninvestable.” This is the view of Kamakshya Trivedi, the investment bank’s head o...
As Sanctions Pile, Bitcoin Flips the Russian Ruble
Key Takeaways The West’s severe economic and financial sanctions against Russia have caused the ruble to plummet by roughly 11% against the U.S. dollar. As a result, Bitcoin now has a bigger mar...
With sanctions at the fore, will Russia adopt the digital yuan? Well, it might…
You may know the ‘Society for Worldwide Interbank Financial Telecommunication’ as SWIFT – a cross-border payment system that makes it possible for users worldwide to shop, transfer money, pay fees, an...
European markets open sharply lower as EU countries impose sanctions on Russia
European stocks have opened sharply lower on Monday, with major losses recorded across banks as countries ramp up sanctions against Russia. The pan-European Stoxx 600 fell 1.7% in early morning action...
Dow Falls 400 Points As Investors Weigh Latest Sanctions On Russia
Topline Stocks fell on Monday, with the Dow dropping roughly 400 points, as a fresh round of Western sanctions slammed Russia’s financial markets, though the market’s losses were tempered by reports t...
European Central Bank Votes Today On Crypto Regulation Amid Sanctions On Russia
The European Central Bank’s president, Christine Lagarde, has called on policymakers and legislative experts to form and approve a regulatory framework on crypto for its jurisdiction and member ...
ECB President Urges for Crypto Regulations Following the Sanctions to Russia
Christine Lagarde – President of the European Central Bank – urged the EU to strengthen cryptocurrency regulations. In her view, the move could prevent Russia from evading monetary sanctions after sta...
Russia SWIFT sanctions “picked carefully” to avoid German energy crisis
As many have anticipated, and some feared, Western governments will be using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) payment system to tighten sanctions on Russia afte...
Russia’s central bank hikes interest rates to 20% amid tough sanctions
Russia’s central bank has raised the country’s key interest rate to 20%, more than doubling it up from 9.5% as the reality of tough sanctions appears to hit home. According to a statement from the cen...
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...
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...
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...
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...
ECB President Urges Rigorous Crypto Regulation In The Wake Of Russian Sanctions
The ongoing war in Ukraine following the Russian invasion has given rise to increased calls to set up a global crypto regulatory framework. Already, the IMF, Bank of England, and even the Indian Prime...
Are Sanctions Enough? Why ECB Believes Quick Crypto Regulations Will Tighten Putin’s Hands
As conflict and crypto grow intertwined and moral quandaries emerge, European Central Bank President Christine Lagarde has advocated for swift ratification of crypto legislation. Authorities are conce...
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...
European Natural Gas Flows From Russia Ramp Up as U.S. Sanctions Skip Energy
(Bloomberg) — European natural gas prices halted a record-breaking rally after Russia boosted flows to the continent and U.S. sanctions targeting Moscow excluded the energy sector. Most Read fro...
Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions – Regulation Bitcoin News
Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for cry...
Economist Alex Kruger Warns Russia Using Crypto To Escape Sanctions Would Send Prices Crashing – Here’s Why
Economist Alex Kruger warns that if Russia turns to cryptocurrencies in order to evade sanctions, crypto assets would be negatively impacted. Kruger tells his 123,700 Twitter followers that the use of...
BlackRock, Vanguard Grapple With Sanctions on Russian Securities
(Bloomberg) — BlackRock Inc., Vanguard Group and Van Eck Associates are among large asset managers facing a ticking clock if they want to unload stakes in financial firms sanctioned for Russia’s...
Crypto Exchanges Will Comply With the U.S. Sanctions, Report Says
According to a Saturday report, centralized crypto firms are going to comply with the United States and EU sanctions on Russia. After President Vladimir Putin publicly demonstrated the Russian milita...
All Eyes On Russia’s Crypto Shift As West Considers SWIFT Sanctions
The number of countries supporting Russia’s removal from the SWIFT payments system grew on Saturday, as the Ukraine invasion rages on. Focus now turns to whether Moscow will adopt digital assets to by...
As Russia invades Ukraine, will Bitcoin play a larger role amid U.S. sanctions
Russia’s invasion of Ukraine is being watched by millions, if not billions of people. Naturally, FUD rose by another notch as Ukrainian reports claimed that the Russian army had seized control of the ...
ECB president calls for crypto regulation in response to Russia potentially evading sanctions
Christine Lagarde, president of the European Central Bank (ECB), has called on lawmakers to approve a regulatory framework on crypto, hinting at potentially preventing Russia from getting around econo...