Tag: russia

MOEX
March 04, 2022 BY Steffy Bogdanova

The Federation of European Securities Exchanges excludes Moscow Exchange

The association represents 35 exchanges from 30 different countries in European Union, Iceland, Norway, Switzerland and the United Kingdom. The decision to exclude MOEX follows some FESE members like Deutsche Boerse suspending trading and settlement in Russian securities in response to sanctions. European Association of CCP Clearing Houses (EACH) temporarily suspended EACH Russian Member CCP…

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March 03, 2022 BY Steffy Bogdanova

EU bans seven Russian banks from SWIFT

The removal of these Russian banks from SWIFT was seen as drastic and unlikely a week ago, in the beginning of the invasion. It is one of the most powerful tools Western countries have to make Russia change course. Russia's largest lender Sberbank and Gazprombank were not included as they are the main channels for…

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February 28, 2022 BY Steffy Bogdanova

Russia's central bank more than doubled its interest rate to 20%

Forex Market The Russian finance ministry and Russia’s central bank have ordered domestic exporting companies to sell 80% of their forex reserves in order to help the rouble which plunged 30% against the dollar earlier today. The western governments imposed increasingly stricter sanctions on Russia following President Putin’s decision to invade Ukraine. As part of…

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If Russia ends its ‘Love-Hate’ of cryptos, can it be the ‘King of Blockchain’?
December 27, 2019 BY Mariela Naydenova

Russia's Central Bank is testing a stablecoin under sandbox

Russia is moving forward with testing stablecoins, as The Bank of Russia has started testing these pegged to real assets set in regulatory sandbox. The head of the central bank, Elvira Nabiullina, commented that the bank does not assume that stablecoins will eventually replace money or function as payment means. What the Bank of Russia…

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moex volumes report
November 20, 2019 BY Valentina Kirilova

$450 million compromise of Russian exchange linked to FSB by BBC

The current crypto trading environment is often compared to the “Wild, Wild West” conditions of the retail forex industry in the nineties. Regulatory oversight was nowhere to be seen, and fraud ran rampant, especially when dealing with overseas forex brokers. In the crypto-verse, however, unregulated exchanges have lost billions of dollars to professional hacking groups,…

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