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Russia's Central Bank Chief Gears Up For Additional Sanctions Amid Economic Restructuring
Tuesday, December 26, 2023 - 4:58am | 552The Governor of the Bank of Russia, Elvira Nabiullina, is preparing for heightened sanctions targeting the country’s economy amid swift restructuring efforts. What Happened: Nabiullina on Monday stated that Russia’s economy is restructuring “quite quickly” as businesses...
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Russia's Digital Ruble Pilot Test Begins: A Potential Challenge To The Dollar's Global Reserve Status?
Friday, August 11, 2023 - 12:22pm | 391The Bank of Russia is gearing up for its digital ruble pilot test slated for Aug. 15, with all 13 banks that expressed interest in the pilot confirming their readiness. Olga Skorobogatova, the first deputy governor of the Bank of Russia, stated that these banks have finished the necessary...
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Russia's Crypto Power Move: Changing The Game For International Business
Wednesday, April 19, 2023 - 1:53pm | 439While the BRICS nations — Brazil, Russia, India, China and South Africa — embark on an ambitious plan to create a new global currency, Russia has announced plans to establish specialized institutions dedicated to mining and facilitating cross-border cryptocurrency transactions...
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Russian Central Bank Official Considers Pushing Crypto Out Of The Country
Friday, December 17, 2021 - 6:06pm | 408The Central Bank of Russia Governor Elvira Nabiullina suggested the country may end up banning Bitcoin (CRYPTO: BTC) and other cryptocurrencies. What Happened: Nabiullina said during a press conference earlier today that Russia's central bank "attitude towards...