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Russia

russia-developing-payment-gateways-with-partners-like-turkey,-mulling-crypto-settlements

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Leave a Comment / Bank of Russia, Bitcoin, cards, CBR, Central Bank, Crypto, Crypto Hacked, crypto payments, Cryptocurrencies, Cryptocurrency, Ethereum, Finance, gateways, international settlements, Mir, payment, payment gateways, Payments, Russia, russian, Turkey, Turkish / / / , , , , , , , , , , , , , , , , , ,

Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying. Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways The […]

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Russian Foreign Minister Sergey Lavrov Explains ‘Multipolar’ World View in Brazil

Leave a Comment / Bitcoin, Brazil, brazilia, Crypto Hacked, Cryptocurrency, cuba, Economics, Ethereum, Latin America, Mauro Vieira, Nicaragua, OFAC, Russia, Russian Federation, Sanctions, sergey lavrov, UN Security Council, Venezuela / / / , , , , , , , , , , , , ,

Sergey Lavrov, the Russian foreign minister, started his tour of Latin America on April 17, landing first in Brasilia to hold high-level talks with Brazilian President Luiz Inacio ‘Lula’ da Silva and Brazilian Foreign Minister Mauro Vieira. Lavrov insisted that Russia was building a “multipolar” world, while Vieira rejected the unilateral sanctions enacted against Russia.

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Russia Negotiating Free Trade Deal With India to Facilitate Imports in the Face of Sanctions

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Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of India, with the country taking advantage of the discounted Russian crude. Russia and

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US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony

Leave a Comment / Bank of Russia, Bitcoin, Brazil, brics, China, Crypto Hacked, Cryptocurrency, Dollar Hegemony, Economics, Ethereum, Iran, Luiz Inacio Lula da Silva, OFAC, Office of Foreign Asset Control (OFAC), Russia, treasury secretary janet yellen, U.S. dollar, U.S. Treasury / / / , , , , , , , , , , , , ,

U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find alternatives to the U.S. dollar. U.S. Treasury Secretary Yellen Talks

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China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies

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The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the move, saying it is a “typical form of long-arm jurisdiction,” which damages the rights and interests of these companies.

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Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary

Leave a Comment / Bitcoin, China, Crypto Hacked, Cryptocurrency, Dollar dominance, Economics, Ethereum, growing relations Russia China, Larry Summers, lawrence summers, Middle East, opec, Russia, Saudi Arabia, saudi iran china / / / , , , , , , , , , ,

Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury Secretary Lawrence Summers

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De-Dollarization Trend Irreversible, Flight From US Dollar Sure to Accelerate, Says Russian Official

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Russia’s foreign minister says a flight from the U.S. dollar “is sure to accelerate,” emphasizing that “this trend is irreversible.” The official added: “The path of sanctions is the path to nowhere. Serious countries and sober-minded politicians are drawing relevant conclusions and these conclusions are definitely in favor of terminating dependence on the West.” Russian

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Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We’re at Turning Point for US Dollar

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Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend. “The dollar’s just not going to be king,” he warned, adding that history will record recent events “as the turning point for the dollar.” Jeffrey Tucker on De-Dollarization, USD’s Turning Point Jeffrey Tucker, an author and publisher

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Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Leave a Comment / Alexander Babakov, Bitcoin, brics, Chinese Yuan, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Qiang Xiaoyun, Russia, U.S. dollar, Vladimir Putin, western sanctions, Zhou Weidi / / / , , , , , , , , ,

Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the so-called weaponization of its ubiquitous use has made some countries consider other options for

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Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade

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A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with

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