Tue, June 18, 2024

RUB trading

Russia opens lawsuits against Google and other tech giants

Russia opens lawsuits against Google and other tech giants

The Russian communications regulator Roskomnadzor has filed an administrative lawsuit against Google. The event happened after the U.S. technology giant failed to comply with a law requiring foreign companies to keep all data of Russian users in Russia. If the regulator finds that Google has violated the rules, Google will face a fine of up …

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Shell Dutch ruling is beneficial for OPEC and Russia, oil

Shell Dutch ruling is beneficial for OPEC and Russia

Climate activists who won against Western majors have some supporters in the oil capitals of Saudi Arabia, Abu Dhabi, and Russia. Notably, defeats in the courtroom and boardroom mean Royal Dutch Shell, Chevron and ExxonMobil are all under pressure to cut carbon emissions faster. This is good news for Saudi Arabia’s national oil firm Saudi …

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Russian law enforcement and fake russian rubles

Russian Rouble Benefited from a Biden-Putin Phone Call

The Russian rouble climbed to a two-week high on Wednesday after a phone call between U.S. President Joe Biden and his Russian counterpart Vladimir Putin helped to address fears of imminent new sanctions. At 09:03 GMT the Russian currency gained 0.4% to 75.63 against the dollar after reaching 75.4525, its best result since March 31. …

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Russian law enforcement and fake russian rubles

Russian Rouble Recovered from its Weakest Level in 2021

It is a good day for the Russian rouble, as it recovered from its lowest point so far this year. However, rouble-denominated treasury bonds levitated near a one-year low as the market prepared for the imminent U.S. sanctions against Russia. As a reminder, Russian assets have under pressure since last week. People should keep in …

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Russian lawmakers and crypto

Russian Lawmakers, Cryptocurrency, and Federal Tax Code

Russia has the potential to develop the cryptocurrency industry, but it won’t be easy to overcome all challenges. Interestingly, Russian lawmakers are actively preparing new legislation for taxing cryptocurrencies like Bitcoin. Based on the information provided by the Russian State Duma, the Duma’s Committee on State Building and Legislation approved a bill on cryptocurrency taxation …

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wheat

Wheat Drops Notwithstanding Russia Increasing Export Tax

The agricultural commodity fell, notwithstanding the Russian government announced its intention to increase its export tax on wheat for a second time. This is important news for the grains market. Russia is one of the leading suppliers of wheat, and US production is projected to tighten in the following months. Can wheat quickly test the …

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Authorities and major crypto exchange

Russian Lawmakers and Local Crypto Market

Cryptocurrencies gained popularity around the world and the Russian Federation is not an exception. Interestingly, the Russian government is expecting to issue more crypto in the local market this year. It is worth noting that, the State Duma’s Committee on Financial Markets forecasts Russian crypto issuance to increase after the adoption of the country’s new …

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CRUDE OIL

CRUDE OIL SOAR AFTER SAUDI ARABIA SETTLEMENT WITH RUSSIA

Saudi Arabia allowed a deliberate reduction of 1 million barrels per day in February and March to balance an improvement in output from Russia and Kazakhstan. The development will be comparatively mild — 75,000 BPD in February from both countries joined and added by 75,000 BPD in March.   Market analysts are disputing, though, whether …

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Europe Adds Penalties, Russia's Energy Exports Scrutinized

Russia’s Second-Largest Bank and a Blockchain-Based System

Recently, Russia’s second-largest bank VTB Bank piloted a new blockchain-based system to issue bank guarantees. It is worth mentioning that, VTB Bank provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider MTS.  People should take into account that, the bank issued MTS a guarantee for the fulfillment of payment obligations worth …

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Russia and cryptocurrencies

Russian Officials, Crypto Investments, and Legal Aspects

Russian Federation has a huge potential when it comes to cryptocurrencies, but there are certain challenges as well. Interestingly, Russia became the latest country to officially require its government officials to report their cryptocurrency holdings. It is worth noting that President Vladimir Putin signed a decree. Let’s have a look at this document. According to …

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How Close is Russia to a Complete Default?

Russia’s One of Largest Banks and a Blockchain Platform

Alfa-Bank is one of the largest private banks in the Russian Federation and this fact once more underlines the strength of this bank. The bank made an interesting announcement on December 1. According to the announcement, Alfa-Bank will use blockchain-based applications to automate services for freelancers as well as well-employed workers. It is worth mentioning …

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Russia and blockchain

Russian Private Bank and a Blockchain Trade Finance Network

One of the largest private banks in the Russian Federation made an important decision, by joining a blockchain trade finance network backed by HSBC. According to the official announcement, Alfa-Bank became a member of Contour. It is a blockchain platform connecting famous financial institutions, like HSBC, ING, and Citi.  It is worth mentioning that Alfa-Bank …

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