russia sanctions – DIGIT INFO

US License Expiration Imperils Russia-China Trade in Chinese Yuan

DIGIT — Sat, 28 Sep 2024 23:31:46 +0000

A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary […]

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EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine

DIGIT — Wed, 26 Jun 2024 11:20:50 +0000

The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbids Eurozone operators from utilizing the Russian-developed System for Transfer of Financial Messages (SPFS). These restrictive measures also focus on tankers associated with “Putin’s dark […]

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UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange

DIGIT — Fri, 29 Mar 2024 11:45:53 +0000

The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K. and the U.S. are reportedly reviewing cryptocurrency transactions valued at $20 […]

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Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance

DIGIT — Sat, 22 Apr 2023 10:49:56 +0000

According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate its Russian sanctions policy. U.S. Ready to Shore up Its Financial […]

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Vladimir Putin Says Russia Wrote Off African Countries’ Debts Totaling Over $20 Billion in 2022

DIGIT — Wed, 22 Mar 2023 14:30:23 +0000

African countries’ debts totaling more than $20 billion were written off in the past year, Russian President Vladimir Putin said on March 20. Putin also revealed that trade between Russia and Africa had nearly reached $18 billion by the end of the year. According to the Russian leader, the majority of the world is opposed […]

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Dapper Labs suspends Russian accounts after new EU sanctions

DIGIT — Mon, 10 Oct 2022 03:24:21 +0000

The firm outlined that as its “payment processing and stored value service partner is subject to EU regulations,” Dapper has been directed to impose the restrictions on these accounts under EU law.

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Russia Shuts off Europe’s Main Gas Pipeline Until the West’s Sanctions Are Lifted, Iran Tempts EU With Similar Deal

DIGIT — Mon, 05 Sep 2022 21:00:46 +0000

Russia has seemingly drawn a line in the sand and will not turn on Europe’s main gas pipeline until the “collective West” lifts the financial sanctions against the country. The move follows the Nord Stream 1 pipeline allegedly shutting down for “maintenance,” but reports from Interfax that followed five days later indicate Moscow will not […]

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Report: BRICS Countries Told to Consider Countering the Dollar’s Global Hegemony

DIGIT — Sun, 22 May 2022 03:00:56 +0000

Chinese experts have called on leaders of BRICS (Brazil, Russia, India, China and South Africa) countries to consider countering the dollar, whose global hegemony is thought to be abusive. Still, the experts concede that any attempt to diminish the dollar’s dominance will take time. BRICS Countries’ Dependence on the US-Dominated Global Financial System Chinese experts […]

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World Bank Predicts 3% Gold Price Growth, Expert Says a $3K per Ounce ‘Is More Likely Than Not’

DIGIT — Sat, 30 Apr 2022 07:30:56 +0000

The World Bank has said it expects the price of gold to rise by 3% in 2022 but warned the price might fall sharply if the Russian central bank decides to offload large quantities of the commodity. The Russian Factor After the price of gold surged past the $2,000 mark in early March, a new […]

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Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework

DIGIT — Thu, 24 Mar 2022 19:30:45 +0000

The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday. BOE Stresses Crypto Assets Need Effective Public Policy Frameworks On Thursday, the Bank of England (BOE) told the press that it is sketching out […]

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