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Russia is moving to ban cryptocurrency mining in energy-restricted regions, citing severe power shortages that could jeopardize long-term stability until 2030. Crypto Miners Face a Major Blow in Russia’s Energy-Restricted Zones Russian Deputy Energy Minister Yevgeny Grabchak has stated that digital currency mining will soon be banned at the state level in several Russian regions … Read more
While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers Ending Mbridge Project, BRICS Countries Could Use It for Circumventing Sanctions The Bank for International Settlements (BIS) is … Read more
The United Arab Emirates (UAE) and Saudi Arabia are bolstering strategic ties with Russia, with the UAE seeking a partnership and Saudi Arabia enhancing diplomatic collaboration for regional stability. UAE and Saudi Arabia Strengthen Strategic Ties with Russia During a meeting in Dubai, UAE President Sheikh Mohamed bin Zayed Al Nahyan emphasized his intent to … Read more
Russian President Vladimir Putin has emphasized that “the time has come” for BRICS nations to create an economic platform to unlock their growing economies’ potential. A New Era Begins? Putin Says It’s Time for a BRICS Investment Platform Russian President Vladimir Putin proposed establishing a dedicated BRICS economic platform to enhance investment among the group’s … Read more
Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former Virginia State Senator Richard Black has claimed that Western sanctions against Russia have weakened trust in the West and driven … Read more
Why BRICS nations are moving away from the U.S. dollar system: a Russian official described a strategic shift attracting countries looking beyond Western-led systems. A New Era of Sovereignty: BRICS Shifts From Dollar Dependency for Independence Russian Deputy Foreign Minister Mikhail Bogdanov has explained that BRICS nations are aligning with the organization to reinforce their … Read more
The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, including losing the trust of some of their allies. Russian Assets-Backed Loan Has the Potential of Changing … Read more
Russia cautions that using frozen Russian assets could trigger profound shocks to global markets, spurring developing nations to bypass the U.S. dollar. Russia’s Asset Countermoves: Potential Global Financial System Impacts Russia’s Finance Ministry warns that leveraging Russian financial assets could have significant systemic effects on the global financial and monetary system. Deputy Finance Minister Ivan … Read more
Russia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At the recent BRICS summit in Kazan, Russian Deputy Foreign Minister Sergey Ryabkov announced that Russia’s presidency of BRICS had reached critical … Read more
Russia’s new crypto law amplifies state control, enabling regional restrictions, tighter infrastructure regulations, and enhanced transaction monitoring. State Authority Over Digital Currency Grows as Russia Publishes New Law The Russian government released a document on Friday detailing a law signed by President Vladimir Putin that broadens the scope of digital currency regulations. This new law … Read more
