BRICS member Russia is looking to accept cryptocurrencies to settle cross-border trade transactions and not the US dollar. Russia is advocating to receive payments in cryptocurrencies as the country faces economic sanctions by the US. The Bank of Russia announced early this month that it will push cryptocurrency payments with other countries for trade settlements.
MUMBAI: Dalal Street investors are bracing for heightened volatility and a negative opening on Monday as the Iran-Israel conflict will compound turmoil in global markets. Traders would remain cautious and wait for cues to take a view about the market’s trend, they said. For one, any escalation of the conflict could have a direct impact
Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by the U.S. and Great Britain to crack down on sanctions evasions amid Russia’s war in Ukraine, Bloomberg News reported Thursday (March 28), citing sources familiar with the matter. According to
Rep. Michael McCaul (R-Texas) said Speaker Mike Johnson (R-La.) is committed to putting a vote for Ukraine funding on the House floor some time after Easter. “His commitment is to put it on the floor after Easter and we are working on this bill,” McCaul told CBS’s Margaret Brennan on “Face the Nation.” When pressed further on
Two years on from Russia’s invasion of Ukraine and global finance firms are still feeling the impact of the fallout, with many still scrambling to untangle their businesses from the region. The outlook for international finance giants in Russia remains on a knife-edge, as the country continues to face a host of challenges. These range
MOSCOW (Reuters) – Moscow Exchange, Russia’s largest bourse, is hoping to see over 20 initial public offerings (IPOs) this year, it said on Wednesday, in a market ruled by retail investors since the exodus of Western capital over the conflict in Ukraine. Russian companies raised only around 140 billion roubles ($1.6 billion) in nine IPOs
The European Parliament on Thursday passed a resolution paving the way for possible legal action against the EU’s executive arm over the release of 10 billion euros ($11 billion) in frozen funds to Hungary. The European Commission unlocked the money for Budapest last month as Brussels looked to win Hungarian Prime Minister Viktor Orban’s backing