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Biden’s sanctions weakened the U.S. dollar, cost American companies $300 billion, and made Russia more self-reliant, a top Russian investment official said. Effects of Biden’s Economic Policies and Sanctions on Russia Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), criticized the economic policies of former U.S. President Joe Biden, asserting that they … Read more
The bitcoin mining ban imposed by Russian authorities has helped reduce the load on the Siberian power grid, thereby avoiding potential power rationing and restrictions necessary to preserve the region’s outdated energy infrastructure. Ministry of Energy: Russian Bitcoin Mining Ban Already Positive For Siberia While controversial at first, the ban on bitcoin mining that the … Read more
Russian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network congestion, equipment damage, and criminal investigations. Unauthorized Crypto Mining Results in Heavy Losses For Rosseti Russian electricity provider Rosseti has reported $14 million (1.3 billion rubles) in damages from illegal cryptocurrency mining in … Read more
Hungary’s economy is rebounding as potential peace talks between Russia and the U.S. fuel market optimism, with leaders stressing the financial benefits of diplomatic progress. Hungary’s Economy Gains as Peace Talks Show Promise Diplomatic developments often have a significant impact on financial markets, and Hungary’s economy appears to be responding positively to news of potential … Read more
Visa and Mastercard may attempt a comeback in Russia, but the country’s financial system has already moved on. Could they reclaim lost ground, or is it too late? Visa and Mastercard May Be Returning to Russia Visa and Mastercard may attempt to re-enter the Russian market, according to Anatoly Aksakov, head of the State Duma … Read more
Russia claims it can reconnect to SWIFT anytime but questions its relevance as digital finance evolves. Could SWIFT become obsolete as BRICS nations develop alternatives? Russia Calls SWIFT Obsolete—Is Crypto the Key to the New Financial Order? Russia claims that it has the technical ability to reconnect to the Society for Worldwide Interbank Financial Telecommunication … Read more
BRICS is set to dominate 40% of the global economy by 2030, while the West’s share shrinks to 27%, Russian Economic Minister Maksim Reshetnikov said. Global Power Shift: BRICS Economy Surges While the West Faces Sharp Decline The BRICS alliance is poised to reshape the global economy, with projections indicating it will account for around … Read more
Russia is turning its back on the G7, calling it outdated, and shifting its focus to BRICS, SCO, and G20 as the new pillars of global influence. Russia Chooses BRICS and G20 Over ‘Outdated’ G7 Russia is prioritizing BRICS, the Shanghai Cooperation Organization (SCO), and the Group of Twenty (G20) over the Group of Seven … Read more
The U.S. may lift sanctions on Russia if Ukraine negotiations progress, an expert says, as the Trump administration commits to immediate diplomatic talks amid shifting global economic alliances. Potential US Sanctions Relief on Russia Amid Ukraine Negotiations The United States may ease sanctions on Russia if diplomatic efforts over Ukraine make substantial progress, according to … Read more
Donald Trump has announced a game-changing dialogue with Vladimir Putin, agreeing to fast-track Ukraine peace talks, plan mutual visits, and launch immediate high-level negotiations. Trump: ‘We Agreed to Work Together, Very Closely, Including Visiting Each Other’s Nations’ U.S. President Donald Trump announced on Feb. 12 that he had engaged in significant discussions with Russian President … Read more
