More and more people believe that Bitcoin may soon replace gold as a safe haven against the depreciating dollar. Of course, this is just speculation, but it is curious to see how enthusiastic people are about Bitcoin. Aside from the fact that there are many digital coins (assets), what makes Bitcoin unique is that its […]

The Russian Ministry of Finance has announced measures to strengthen stability in the Russian government debt market. “In order to help strengthen stability in the Russian debt market, decisions on the need to hold auctions on OFZ placement in the coming weeks will be made taking into account market conditions. At the same time, the […]

The U.S. dollar and the euro are growing during the afternoon trading on the Moscow Exchange; the ruble, after a moderate growth in the morning, went to decline amid persistent geopolitical and sanctions risks. The U.S. dollar exchange rate amounted to 79.4050 rubles at 12:47 Moscow time, which is 60.50 kopecks above the closing level […]

Western powers have responded to Russia’s intervention in Eastern Ukraine by imposing sanctions, but stocks should open higher as investors reacted positively to the measured nature of the reaction. Inflation in the eurozone remains elevated, meaning the European Central Bank will soon join the Bank of England in making difficult monetary policy decisions. Here’s what […]

Moscow will give a strong response to the new US sanctions against Russia, the Russian Foreign Ministry has said “There should be no doubt – there will be a strong response to the sanctions, not necessarily symmetrical, but calibrated and sensitive for the American side,” the Foreign Ministry said in a statement. On Tuesday, US […]

The United States has imposed sanctions on two of Russia’s largest financial institutions and a number of Kremlin-linked individuals after Russian troops invaded Ukraine, confirming the West’s worst fears. The sanctions will affect Russia’s largest state-owned banks – Sberbank and VTB, Otkritie Financial Corporation, Sovcombank and Novikombank and their subsidiaries. VTB and the three banks […]

Russia is intent on taking all of Ukraine, but the Russian army failed to make meaningful gains on the first day of the invasion, British Defense Secretary Ben Wallace said Friday. Russia failed to take any of its main targets, Wallace said. Britain estimates that Russian Federation has lost more than 450 military personnel, he […]

Russian troops continue to close in on Kiev, Ukraine’s capital, as Moscow defied new sanctions imposed by Western powers. European stock indexes rebounded, but the market on Wall Street will open lower ahead of a flood of economic data that could guide the Federal Reserve at next week’s monetary policy-setting meeting. Crude oil prices stabilized […]

Private brokerage companies saw an active inflow of new clients at the end of last week, the Kommersant newspaper reported citing its sources. Thus, the number of accounts opened at “BKS Investment World” on February 24 and 25 quadrupled compared to the previous days. Raiffeisen Capital told the publication about “clients’ interest” in opening new […]

The Board of Directors of the Bank of Russia decided to raise the key rate from February 28, 2022 to 20.00% from 9.50%, the regulator said. At the same time, the Ministry of Finance and the CBR reported that today it will decide to introduce a mandatory sale of foreign currency for exporters from February […]

The current unprecedented intensity and breadth of Western sanctions against Russia raises concerns about their overall impact on the global economy and the possibility of a retaliatory response from Russia, Julia Friedlander, director of the Atlantic Council’s Economic Governance Initiative, told The Wall Street Journal. “I am concerned about the consequences of the destruction of […]

The Russian government is ready to additional capitalize commercial banks and is also planning a large-scale capital amnesty amid tough Western sanctions in response to Russia’s invasion of Ukraine. “The government together with the Bank of Russia is monitoring the situation on financial markets and will take measures if necessary in order to maintain financial […]

Citigroup Inc on Monday reported total assets at risk in Russia of $5.4 billion at the end of December, up from $5.5 billion at the end of September. The bank’s total assets to third parties in Russia totaled nearly $8.2 billion as of Dec. 31, the bank said in a filing with the SEC.

TCS Group founder Oleg Tinkov said that states should spend money not on military conflicts, but on treating people and finding ways to defeat cancer. “Now, innocent people are dying in Ukraine, every day, this is unthinkable and unacceptable!”, – wrote Tinkov in his Instagram. He emphasized that his foundation saves the lives of people […]

The administration of U.S. President Joe Biden called on cryptocurrency exchanges to provide guarantees that Russian individuals and organizations under sanctions will not be able to use digital currencies to circumvent restrictions. About it writes Bloomberg. The White House National Security Council and the U.S. Treasury Department addressed the largest cryptocurrency exchanges on this issue, […]

Western sanctions will not make Moscow change its stance on Ukraine, Kremlin spokesman Dmitry Peskov has said. “In general, the apologist of sanctions is the United States, they are fans of sanctions. And adherence to this practice, like a bacillus, has now spread to Europe. Probably they think that by imposing sanctions they will force […]

The cost of May futures for Brent crude oil on the London-based ICE exchange soared by 5.08% to $112.76 per barrel as of 10:43 MSC. The last time oil futures traded above $112 per barrel was July 21, 2014, RBC reported. WTI crude oil is up 4.5% to $111.05. Investors continue to assess the prospects […]