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  • 24h Vol: $56,956,738,597.13
  • BTC Dominance: 56.49%

Russia

brics-to-discuss-alternative-payment-platforms-at-upcoming-summit

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

Leave a Comment / Bitcoin, brics, China, Crypto Hacked, Cryptocurrency, dedollarization, Egypt, Ethereum, Ethiopia, Featured, financial platforms, India, Kazan, lula da silva, payment systems, Russia, Saudi Arabia, sergey lavrov, trade, U.S. dollar, UAE / / / , , , , , , , , , , , , , , , ,

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

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UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s

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BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

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The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and

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Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

Leave a Comment / bank transfers, Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Russia, Sanctions, transactions, Turkey / / / , , , , , , ,

Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia

Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions Read More »

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Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review

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Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review Read More »

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Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

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The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise.

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payments-in-national-currencies-surge-to-92%-among-sco-members

Payments in National Currencies Surge to 92% Among SCO Members

Leave a Comment / Bitcoin, brics, China, Cooperation, Crypto Hacked, Cryptocurrency, economic ties, Economics, Ethereum, financial, India, Investments, Iran, local currencies, multipolar, national currencies, Payments, Russia, SCO, trade, U.S. dollar / / / , , , , , , , , , , , , , , , ,

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen

Payments in National Currencies Surge to 92% Among SCO Members Read More »

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French Court Extends Telegram CEO Pavel Durov’s Police Custody

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French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged

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China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

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China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen

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India and Russia to Enhance Trade With Rupee-Ruble Payments

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India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create

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