Russia Revives Barter Amid Sanctions
Russia revives barter trade to bypass Western sanctions, exchanging Chinese cars for grain and flax seeds for raw materials. #Update #Economy
Russia
Bitcoin Futures ETF Launches on Russia
@MOEX adds support for IBIT-9.25 futures, available to accredited investors only, starting June 4, 2025. Qualification checks begin June 23, 2025. #Update #ETF $IBIT (0) →
De-Dollarization: Russia Boosts Global Trade Shift
Russia accelerates the global de-dollarization drive, promoting national currencies in trade to enhance economic sovereignty. #Update #Economy (+4) →
Crypto Adoption in Russian Grain Exports
The Agricultural Bank of Russia explores crypto-based tools for settling 49.5 million tonnes of grain exports, potentially integrating digital assets into the agricultural commodities market. #Update #Crypto (+4) ↗
Crypto Exodus: Weld Money Exits Ukraine
@WeldMoney exits Ukraine amid escalating tensions, joining other crypto firms in relocation efforts. This move highlights the ongoing challenges faced by companies in volatile regions. #Update #Crypto (+3) →
Russia Streamlines Digital Asset Confiscation
Russia’s Ministry of Justice is drafting a bill to define procedures for confiscating digital assets, addressing challenges posed by anonymity and decentralization. #Update #Legal (+3) →
De-Dollarization: Russia’s EAEU Trade Surges
Russia reports 93% of EAEU trade now in national currencies, marking a significant shift away from the U.S. dollar and impacting global financial dynamics. #Update #Finance (+6) ↗
Russia-China Trade Shifts to Rubles Yuan
Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, favoring rubles and yuan after a high-level meeting in Moscow on May 8. #Update #Economy (+3) ↗
Digital Ruble Roadmap Updated Launch 2026
@BankRussia announces digital ruble launch set for 2026 after postponement, marking a significant step in Russia’s CBDC strategy. #Update #Crypto (+3) →
Bitcoin Mining Restrictions Expand in Russia
Three more Russian regions may join others in restricting bitcoin mining due to high energy use, with the Ministry of Finance undecided on full bans or seasonal limits. #Update #Crypto $BTC (-4) ↘
BRICS Growth Surges Amid US Tariffs
BRICS momentum accelerates as U.S. tariffs drive emerging economies to shift from Western dominance, says Ekaterina Arapova, Director at the Center of Sanction Policy Expertise. #Update #Economy (+4) ↗
Stablecoins Rise Russia Plans New Currency
Russia’s Finance Ministry proposes developing stablecoins pegged to various currencies after USDT wallet blockages, aiming to ease fund transfers amid Western sanctions. #Update #Crypto $USDT (-3) ↘
BRICS Payment Network Challenges SWIFT Monopoly
BRICS accelerates its break from Western financial dominance with a new payment system, potentially challenging SWIFT’s global stronghold, says Russian Foreign Minister Sergey Lavrov. #Update #Finance (+7) ↗
BRICS Boosts Dollar Exit Amid US Tariffs
Russia’s Deputy Foreign Minister Sergey Ryabkov addressed U.S. tariff threats, emphasizing BRICS’ financial modernization aims to counter global monopolistic practices without replacing the dollar. #Update #Legal (+2) →