Russia's long awaited Forex law the has now been approved by the upper chamber of the Russian parliament, representing the next step in becoming legally binding after it was approved by the State Duma in recent weeks
Read more“We will not be forcing anyone to sell their foreign currencies or profits denominated in foreign currencies. There will be no directives and orders to sell foreign currencies in Russia.” - President Vladimir Putin
Read moreSenior Russian lawmaker Alexander Bastrykin has President Vladimir Putin's support as he calls for severe criminal punishment for speculators, pointing the metaphorical finger for their contribution to the destabilization of the ruble. Is Russia ready for global, free market currency trading?
Read moreAs the Russian Duma continues its evolution of the Forex bill, self-regulatory authority CRFIN appoints audit-consulting group Business Systems Development chairman Igor Dines to Expert Board
Read moreThe ruble resumed its dramatic slide on Tuesday, a day after the Central Bank floated the currency, which has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia's policy in Ukraine. On Tuesday, the ruble lost around 1.1% against the dollar by evening, falling to 46.4 rubles per dollar after…
Read moreAs Russia's regulatory journey progresses, LeapRate has compiled a detailed research on the proposed Forex bill in order to provide concise and complete information to FX firms wishing to conduct business in the ever-evolving region
Read moreIn a somewhat unusual announcement, eToro refers to geopolitical tensions at a poignant time in which the company adds ruble and yuan currency pairs to its product range
Read moreFor retail FX firms which have balked at the high capital adequacy requirements in so many jurisdictions, Russia's new FX regulation could well be the antidote, with just $76,000 required for securities dealers
Read moreIn its quest for a position on the world stage of the FX industry and the advent of a bona fide FX licensing system, Russia is considering restricting leverage to 1:100 for FX firms
Read moreRelatively unknown outside the well-established spread betting market in Britain, Forex.com takes the Dealbook spread betting platform to Russia.
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