Browsing: Russia

This action arrives as leaders from the G7 nations are going to meet in Puglia, Italy, starting tomorrow.

Mark Feygin spearheads a groundbreaking referendum challenging Russia’s election legitimacy using #Russia2024, a blockchain-based app designed to protect voter anonymity. Can technology reshape Russian democracy?

Slavik Fokin, an executive and investor in the blockchain space, describes his experience of staying in Ukraine during the war.

The market value of stablecoins has risen steadily driven by the strong market demand.

The cards of the two American companies issued by Russian banks will stop operating in shops and ATMs outside Russia in the coming days.

Economic sanctions have led to the collapse of the Russian ruble, making it difficult for Russian citizens to protect their savings or purchase basic necessities.

The US and EU nations will ensure that Russian banks are removed from the SWIFT messaging system, disconnecting them from the international financial system and restrict their ability to operate globally.

Sanctions imposed by Western countries already costs Russia’s economic growth by 2.5% –3% a year; which is about $50 billion per year.

It is highly likely that at least part of the new regulation will come into effect in the second half of 2022 or from 2023.

“It is possible to replace the American dollar with other currencies, both national and regional, and in the future, probably, with some kind of digital assets,” states Alexander Pankin, Deputy Minister of Foreign Affairs of the Russian Federation.