Russia

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Expert Insight: Cryptocurrency Mining Accounts for Nearly 1% of Russia’s Energy Resources

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Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners will increasingly employ renewable energy sources. Russia’s Cryptocurrency Mining Energy Expenditure Nears 1% of the Nation’s Total The growth in Russia’s cryptocurrency mining industry energy … Read more

Russia’s Biggest Bank Joins Digital Ruble Push – New Era of Transactions Begins

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Russia’s largest bank, Sberbank, has joined the expanding digital ruble pilot, signaling stronger momentum as the country advances its central bank digital currency initiative. Russia Expands Digital Ruble Pilot with Key Banking Giants Sberbank, Tbank, and Tochka Bank have officially joined Russia’s digital ruble pilot program, the Central Bank of Russia has revealed through its … Read more

Russia Enacts Ban on Crypto Mining Operations in 10 Regions, Hints at Expansion

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Russia recently enacted a ban on crypto mining operations in 10 regions until 2031, citing high energy consumption issues as the cause. Deputy Prime Minister Alexander Novak stated that this list might expand. Russia Issues Crypto Mining Restrictions in 10 Regions The future of cryptocurrency mining in Russia is in jeopardy. The Russian cabinet recently … Read more

CIS Nations Ditch Foreign Currencies—85% of Trade Now in Local Tenders

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Over 85% of Commonwealth of Independent States (CIS) trade now bypasses foreign currencies, signaling a strategic shift towards economic independence as national payment systems take center stage in regional commerce. Putin Champions National Currencies—CIS Bloc Hits 85% in Local Trade At the Commonwealth of Independent States (CIS) summit in the Leningrad Region this week, Russian … Read more

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

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Russia is embracing bitcoin for international trade to bypass Western sanctions, signaling a strategic shift toward digital currencies to counter economic isolation and strengthen global partnerships. Russian Trade Goes Crypto – How Bitcoin Is Reshaping Global Power Dynamics Russia’s finance minister, Anton Siluanov, disclosed that Russian companies are utilizing bitcoin and other digital currencies for … Read more

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

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BRICS will expand in 2025 with nine new partner states, signaling surging global alignment with the bloc as more nations race to secure ties. BRICS Expands With New Partner States in 2025 Several countries are set to gain BRICS partner status starting Jan. 1, 2025, following confirmations received by Russia, Kremlin aide Yury Ushakov informed … Read more

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