Russia

Economic Warfare vs. Russia Proves Effective

Economic Warfare vs. Russia Proves Effective
Economic Warfare vs. Russia Proves Effective
February 28, 2022  |  Cross-border Payments

War is waged with tanks, bullets and air attacks — and also with banks as battlefields, interest rates as weapons of economic mass destruction. Get...

READ MORE >
FinTech-Friendly Lithuania Raises Alarms After Russia’s Invasion of Ukraine 
FinTech-Friendly Lithuania Raises Alarms After Russia’s Invasion of Ukraine 
February 28, 2022  |  Cross-border Payments

The home country of FinTech companies such as Revolut or the account-to-account payment platform Kevin recently declared a state of emergency in response to Russia´s...

READ MORE >
Global Banks Rush to Comply With Russian Sanctions
Global Banks Rush to Comply With Russian Sanctions
February 27, 2022  |  Banking

Senior management and compliance teams at major banks have been working vigilantly to understand the new sanctions imposed on Russia, Reuters reported Sunday (Feb. 27)....

READ MORE >
Google Blocks State-Owned Media RT, Other Russian Channels From Ad Revenue
Google Blocks State-Owned Media RT, Other Russian Channels From Ad Revenue
February 27, 2022  |  Cross-border Payments

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....

READ MORE >
Russians Hoard Cash in Wake of Bank Sanctions
Russians Hoard Cash in Wake of Bank Sanctions
February 27, 2022  |  Cross-border Payments

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...

READ MORE >
US Allies Escalate Financial War Against Putin, Freeze Russian Central Bank Foreign Reserves
US Allies Escalate Financial War Against Putin, Freeze Russian Central Bank Foreign Reserves
February 26, 2022  |  Cross-border Payments

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...

READ MORE >
EMEA Daily: Ukraine Revokes Licenses of Russian Banks Sberbank, VEB; European Parliament Indefinitely Delays Crypto Reg Vote
EMEA Daily: Ukraine Revokes Licenses of Russian Banks Sberbank, VEB; European Parliament Indefinitely Delays Crypto...
February 25, 2022  |  Cross-border Payments

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...

READ MORE >
Bank of Russia: Sanctions May Hinder Card Use
Bank of Russia: Sanctions May Hinder Card Use
February 25, 2022  |  Cross-border Payments

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...

READ MORE >