Market Analysis
Oil Prices Gain as Russia and Saudi Arabia Continue Supply Cut, Other Factors
Crude oil futures advanced on Monday after Russia and Saudi Arabia said they plan to stick to supply cuts until the end of 2023.
Total Stories
49
News
Russia
Section
Russia
Market Analysis
Crude Oil Falls Over 4% as OPEC+ Unexpectedly Delays Key Meeting
Crude oil prices fell more than 4% on Wednesday after OPEC+ producers postponed their ministerial meeting for November 30.
Forex
Russia to Ramp Up Controls After Central Bank Fails to Save the Ruble
Vladimir Putin is set to hold an emergency meeting with Russian policymakers.
Market Analysis
Russia’s Central Bank Scrambles to Raise Interest Rates as the Ruble Sinks
Russia makes a 3.5% emergency rate hike after the ruble falls below 100 to the dollar.
Policy
Russia’s Biggest Banks to Start CBDC Trial this Month
Russia is fast-tracking CBDC deployment, ahead of the EU.
FinTech
Digital Rouble Will Be Free to Use Till 2025; Corporate Logo Revealed
As of 2025, digital ruble transactions will charge a fee of 15 rubles, or $0.16. Before 2025, all CBDC services will be free of charge for…
Crypto
Russia to Allow Use of Digital Ruble from August
President Putin has approved the use of a digital ruble for payments in Russia starting from August 1.
Crypto
Russian Rosbank Launches Cryptocurrency Cross-Border Settlement Solution
Rosbank launched the new service in partnership with a Russian fintech firm B-crypto.
Crypto
Russia to Halt Development of State-Owned Crypto Platform
Local sources stated that Russia plans to halt the development of its state-owned crypto platform.
Policy
IRS Sponsoring Chainalysis for Ukrainian Agents to Hunt for Russian Wallets
Ukrainian law enforcement is utilizing Chainalysis tools and trading offered by the IRS to hunt down Russian sanctions evaders.
Forex
Ruble Plunges to 12-Month Low as Putin Approves Shell Deal
Foreign firms continue to flee the country, adding more pressure on the ruble.
Crypto
Russia Postpones CBDC Pilot, Waiting for Legislation to Pass
Russia's central bank is forced to postpone its CBDC pilot launch as it awaits for a legislation approval.
Market Analysis
Russia’s State-Owned Rosneft to Issue Second Yuan-Denominated Bond for $2.1B
Chinese yuan is exploiting the record windfall from Russian sanctions.