Browsing: Russia

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.

“Cryptocurrency has the right to exist and can be used as a means of payment,” states Russian President Vladimir Putin.

S7 Airlines, will start selling air tickets via blockchain developed by Sberbank

Russia has planned to pilot a national blockchain-based e-voting system in September.