A government official in India has said mandatory electronic invoicing of business-to-business (B2B) transactions, or any company with annual turnover above ₹20 crore, will bolster the country’s goods and services tax (GST) registrations. As Indian media outlet Mint reported Sunday (Feb. 27), this would increase...
Alphabet’s Google on Saturday (Feb. 26) banned Russia’s state-owned media outlet RT and other channels from receiving money for ads on their websites, Reuters reported. Google’s YouTube unit said it was putting on ice several channels, including Russian ones affiliated with recent sanctions in the...
In Moscow and other Russian cities, people are trying to get cash, both in rubles and dollars, due to fears of a fiscal crash following the invasion of Ukraine, Financial Times writes. There were long lines of people trying to withdraw foreign currencies as soon...
As reports of military action and casualties mount following Russia’s invasion of Ukraine, a parallel ‘financial war’ is also escalating that is aimed at isolating Moscow through a growing list of economic sanctions. In a joint communique released Saturday by the European Commission, France, Germany, Italy, the United Kingdom, Canada, and...
In today’s top Europe, Middle East and Africa (EMEA) news, Russia’s financial services were further handicapped when the National Bank of Ukraine revoked the licenses and liquidated the assets of two Russian banks; and the European Parliament postponed its vote on a proposed regulatory package...
The Bank of Russia said that customers of some banks being sanctioned by the U.S. and other governments may be cut off from using their cards and mobile payment systems. As Reuters reported Friday (Feb. 25), the central bank said debit and credit cards issued...
President Joe Biden announced this week that the U.S. and Europe and other allies were stepping up their sanctions against Russia over its invasion of Ukraine. While the president said the sanctions would inflict a severe cost on the Russian economy,” he also backed away...
Hacking collective Anonymous has declared a “cyber war” against Russia in response to Russia’s actual war in Ukraine. According to multiple published reports Friday (Feb. 25), the group announced its intent on Twitter shortly after Russian forces began their push into Ukraine. “The Anonymous collective...
Aside from dealing with banking sanctions from United States, European Union and British leaders, Russia’s financial services were further handicapped when the National Bank of Ukraine (NBU) revoked the licenses and liquidated the assets of two Russian banks — Sberbank and VEB, according to a...
