Russia news and trends

Russian Companies Reportedly Using Crypto for International Payments
Cryptocurrency // December 26, 2024

Russian businesses are reportedly using bitcoin and other cryptocurrencies to make international payments. It’s a trend that comes in the wake of legislative changes that permitted these types of payments to get around western sanctions, Reuters reported Tuesday (Dec. 26), citing comments from Russian Finance...

Chainalysis: Crypto Hacking Slows as North Korea Redirects Resources
Cryptocurrency // December 19, 2024

The total value stolen in crypto hacks reached $2.2 billion in 2024, a figure that was higher than the $1.8 billion taken in 2023 but lower than the record $3.7 billion stolen in 2022. While the intensity of crypto hacking increased in the first half...

Putin: No Plans to Create BRICS Cross-Border Payments System
Cross-border Payments // October 25, 2024

Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries. Speaking at a summit of BRICS countries — which include Brazil, Russia, India, China and South Africa — Putin said...

Russia Calls on BRICS Countries to ‘Ring Fence’ New Cross-Border Payments Network
Cross-border Payments // October 11, 2024

Russia reportedly aims to create a new system for cross-border payments between BRICS countries. A report that includes this plan was published ahead of an annual BRICS summit that will be held Oct. 22-24, Bloomberg reported Friday (Oct. 11). BRICS includes as members Brazil, Russia,...

Interviews & Exclusives
US Impending Ban on Software Sparks Concerns Over Connected Car Future

January 14, 2025
The U.S. government’s impending ban on certain car parts from China and Russia, particularly those critical for connectivity and vehicle autonomy, is raising concerns across the automotive industry. Automakers, including General Motors, Toyota, Hyundai and Volkswagen, are calling for a delay in the rule’s enforcement, citing potential disruptions to production timelines. The ban, which targets components […]

Auto Verification of Bank Account Owners Is Key to Sanctions Compliance

May 27, 2022
Sanctions have been dominating headlines. Nithai Barzam, COO of nsKnox, a corporate payment security company, told PYMNTS’ Karen Webster that beyond the sanctions that have been designed to rock Russia...

S&P Dow Jones Strips Russian Stocks From Indexes

March 06, 2022
S&P Dow Jones Indices announced Friday (March 4) that it will remove stocks listed or domiciled in Russia from its benchmarks because of the country’s invasion of Ukraine. This will...

Citing Libertarian Values, CEOs of Crypto Exchanges Won’t Cut Off Russian Customers

March 04, 2022
Asking cryptocurrency exchanges to block the addresses of their Russian users last weekend, Ukraine’s Vice Prime Minister Mykhailo Fedorov said: “It’s crucial to freeze not only the addresses linked to...

Quick Reads
Russian Companies Reportedly Using Crypto for International Payments

December 26, 2024
Russian businesses are reportedly using bitcoin and other cryptocurrencies to make international payments. It’s a trend that comes in the wake of legislative changes that permitted these types of payments to get around western sanctions, Reuters reported Tuesday (Dec. 26), citing comments from Russian Finance Minister Anton Siluanov. As the report noted, the sanctions — […]

Chainalysis: Crypto Hacking Slows as North Korea Redirects Resources

December 19, 2024
The total value stolen in crypto hacks reached $2.2 billion in 2024, a figure that was higher than the $1.8 billion taken in 2023 but lower than the record $3.7...

Putin: No Plans to Create BRICS Cross-Border Payments System

October 25, 2024
Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries. Speaking at a summit of...

Russia Calls on BRICS Countries to ‘Ring Fence’ New Cross-Border Payments Network

October 11, 2024
Russia reportedly aims to create a new system for cross-border payments between BRICS countries. A report that includes this plan was published ahead of an annual BRICS summit that will...