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Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, conducting transactions in rubles and yuan as de-dollarization reshapes global economic power structures. Almost All Russian-Chinese Foreign Trade Operations Now in Rubles and Yuan Following a high-level meeting with Chinese President Xi Jinping on May 8 in Moscow, Russian President Vladimir Putin … Read more
According to reports, Euroclear is set to proceed with the confiscation of $3 billion in Russian assets to compensate Western investors for losses incurred from asset forfeitures in the country. If executed, this move risks jeopardizing the clearance platform that handles trillions. Euroclear to Seize $3 Billion in Russian Assets A move that might put … Read more
BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. dollar, building resilient payment systems, and forging a historic new economic frontier beyond Western control. Lavrov Confirms BRICS Ditching US Dollar Fast Russian Foreign Minister Sergey Lavrov has highlighted the growing use of national currencies among BRICS members in place of the U.S. dollar … Read more
The Central Bank of Russia announced that large payments using the digital ruble framework will debut in 2026, providing an official update after the postponement of its launch in March. Central Bank of Russia: Digital Ruble to Be Launched in 2026 The irruption of central bank digital currencies (CBDC) in the lives of Russian citizens … Read more
A bold crypto revolution is underway as Russia launches a regulated crypto exchange for elite investors, dragging digital assets into legality, led by the Finance Ministry and the central bank. Russian Central Bank and Finance Ministry Aim to Drag Crypto out of the Shadows Russian Finance Minister Anton Siluanov announced at a recent Ministry of … Read more
Three more regions in Russia have applied to join others in limiting bitcoin mining activities due to the high energy consumption of these operations. The Ministry of Finance stated that it is still undecided whether these new regions will impose a full mining ban or only restrictions during the heating season. Russia Attacks Bitcoin Mining … Read more
According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral sanctions from the U.S. government. Russia Pays Imports Mostly … Read more
According to Russian authorities, the necessary steps for allocating budget funds using the digital ruble have already been completed, enabling the CBDC to be utilized for these disbursements. The Ministry of Finance has also prepared subsidies for an upcoming test. Digital Ruble on the Verge of Being Used for Budget Disbursements in Russia While the … Read more
Surging BRICS momentum is supercharged by escalating U.S. tariffs, driving emerging economies to abandon Western dominance and embrace a bold new multilateral power structure, a Russian expert says. BRICS Rising Fast With African and Asian Giants Turning Away From US Dominance Ekaterina Arapova, Director of the Center of Sanction Policy Expertise at the Institute for … Read more
A senior official from Russia’s Finance Ministry has suggested that the country should develop its own stablecoins pegged to various currencies following the recent blocking of USDT stablecoin wallets linked to Russia. Dollar-pegged stablecoins have gained popularity for facilitating fund transfers between cryptocurrencies and cash, especially as Western sanctions have complicated international payments for Russian … Read more