Russia is moving forward with its plan to create an alternative payment system that will allow for the use of digital currencies, including cryptocurrencies,…
Russia launched a cross-border payment system “bound by no restrictions” where digital currencies can settle cross-border transactions. On Monday, Russian…
Poland this month presented a proposal for a new set of sanctions against Russia, including a ban on pipeline oil and diamond imports. The proposal marked an opening salvo in what is expected to be long and complex negotiations among the bloc s 27 members.
Read Part One. Russia’s war of aggression against Ukraine is creating a myriad of problems for the Russian economy. While the Russian state budget is experiencing a deficit, the Russian Central Bank posted some uninviting news: its annual deficit for 2022 was 27 times higher than in 2021 (Kp.ru, accessed April 24). Meanwhile, the traditional tools of macroeconomic stabilization that …
Russian Finance Minister Anton Siluanov said that the shareholders of Sberbank, in which the Russian government owns a stake, have agreed to pay dividends