Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade(AP) While Russia has publicly encouraged the use
Crucial elements of the new EU policy include favoring weapons production within the bloc and “like-minded third-country companies,” encouraging joint purchases of arms, making it easier to finance defense projects, focusing on key areas where the bloc has a capacity shortfall like air defense and military mobility, and slashing red tape on defense investments. Russia’s
By Ingrid Melander and Guy Faulconbridge PARIS/MOSCOW (Reuters) – Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody, three sources told Reuters. The arrest of the 39-year-old technology billionaire
Washington — China and Russia agreed to expand their economic cooperation using a planned banking system, which analysts say is aimed at supporting their militaries and undermining U.S.-led global order. The two countries issued a joint communiqué agreeing “to strengthen and develop the payment and settlement infrastructure,” including “opening corresponding accounts and establishing branches and
Russia is reportedly exploring the establishment of two crypto exchanges to facilitate foreign economic activities, local media outlet Kommersant reported on Aug. 23. The proposed exchanges will be located in Moscow and St. Petersburg, serving as hubs for international trade. Mikhail Uspensky, a member of the State Duma’s legislative committee on crypto regulation, stated that
Richard Masters has updated fans on the Premier League‘s investigation into Chelsea for potential financial breaches when Roman Abramovich was owner of the club. Russian-Israeli oligarch Abramovich, 57, owned the Blues between 2003 and 2022, until he was sanctioned by the UK government and disqualified as a director of the club by the top flight
Russia’s lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia’s state-owned domestic news agency reported. The first law fully legalizes cryptocurrency mining in Russia from Nov. 1, 2024. Legal entities and individual entrepreneurs registered with
“Currently, not many countries have good economic growth, maintained political stability, demographic bonus, and abundant natural resources. This means Indonesia should be a promising investment destination and a global talent destination for work. This will significantly affect the country, including capital gains, job opportunities, technology transfer, improvement
El Salvador has reportedly suggested using digital assets like Bitcoin for trade with Russia to circumvent the extensive economic sanctions imposed on Moscow. Alexander Ilyukhin, Russia’s first secretary at the Nicaraguan embassy and head of its El Salvador office, revealed this in an interview with Russian state media outlet Izvestia. Bitcoin transactions The proposed use of
BORGO EGNAZIA, Italy (Reuters) – European Union states won’t be directly involved for now in a $50 billion loan that Group of Seven nations plan to raise for Ukraine based on income from frozen Russian assets, Italian Prime Minister Giorgia Meloni said on Saturday. The Group of Seven rich democracies agreed during their annual summit