Russia

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BRICS Alliance Expands: Russia Confirms No Partner Declines

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BRICS expansion is progressing without setbacks, as no invited countries have declined partnership offers, with the finalized list expected before year-end, Russian officials confirm. BRICS Expansion Gains Momentum: No Declined Invitations Russia has confirmed that no countries have declined invitations to join BRICS as partner states, according to Deputy Foreign Minister Sergey Ryabkov. In an … Read more

Dollar’s Role Shrinks as 80% of Russian Export Revenues Shift to Non-Toxic Currencies

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Russia’s central bank, the Bank of Russia, has revealed that over 80% of major Russian exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy Governor Philipp Gabuniya highlighted this transition, noting that the share of “toxic” currencies — namely the U.S. dollar and euro — dropped … Read more

Putin Signs Law Declaring Crypto as Property in Russia

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Russia officially declares cryptocurrency as property, unleashing groundbreaking tax rules: mining exemptions, progressive income taxes, and steep corporate levies starting in 2025. Crypto Officially Property in Russia After Putin Signs Landmark Law Russian President Vladimir Putin has signed a law officially designating digital currencies as property, laying the groundwork for taxation and regulation within the … Read more

Russia Approves Crypto Tax Law, Redefining Digital Currency Rules

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Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency Regulations The Federation Council, Russia’s upper house of parliament, approved a government-initiated bill outlining the taxation framework for digital … Read more

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

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Russia has revealed that it will respond in kind to the actions of Western governments, which are preparing to make a $50 billion loan to Ukraine collateralized by frozen Russian assets, potentially escalating this conflict. Russia Preparing Retaliatory Move Involving Western Assets The government of Russia has revealed a new plan to counter the utilization … Read more

Russia’s Foreign Trade Defies Western Sanctions, Official Claims

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Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that Western sanctions will not hinder Russia’s foreign trade. Speaking in an interview with Nailya Asker-Zade on the Rossiya-24 … Read more

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