Category: economy

Russia's economy on the verge of collapse and default – the White House

Sanctions leave no chance for stability and growth of the Russian economy. US with sanctions wants to put Russia in front of a difficult choice and demonstrate that Russia does not have unlimited resources. This was stated by White House spokeswoman Jane Psaki during a briefing, according to the White House. They will have to…

Russia's two richest oligarchs are on the sanctions list for the first time: who are they?

The West is stepping up pressure on Putin's inner circle. The richest oligarchs in Russia > Vladimir Potanin and Leonid Michelson have come under Western sanctions. Both were on the lists for the first time, according to Bloomberg. Sanctions against Potanin and Michelson were imposed by Canada, the UK also included Michelson in the sanctions…

Shadow sale of currency in Russia: large-scale raids by tax authorities and police have begun

Special attention is paid to the controlling bodies of social networks, Telegram channels and Internet advertising services. Tax authorities together with law enforcement agencies have started large-scale work, associated with the exchange of currency “out of hand”. This is what the Russian media write about. “ “ The Federal Tax Service and the Ministry of…

Cryptocurrencies can replace the Russian ruble – the Central Bank of Russia

The RF regulator does not support the legalization of cryptocurrency. The Central Bank fears that cryptocurrencies for their mass use can replace the ruble. Such was the reaction of the Central Bank to the proposals of the State Duma deputies on the regulation of cryptocurrency. According to the Central Bank, the development of cryptocurrencies threatens…

The EU and the G7 have in fact begun to impose the most deadly sanctions on Russia's economy – the oil and gas embargo

Currently, Russia still receives about 0.57-0.68 billion dollars from around the world. per day, but calculations show that these volumes are declining rapidly. Information that spreads about recently in the media and social networks about allegedly 1 billion dollars. per day, which the countries of the world (according to another version – the EU) –…

Reuters: Chinese state-owned refineries are avoiding new contracts with Russia

Businesses do not want their activities to be seen as open support for Russia. China's state-owned refineries continue to operate Russia's oil contracts, but avoid new ones. This was reported by Reuters, citing 6 own sources. The publication said that despite the discounts, companies are listening to calls from Beijing to be careful, as the…

The United States is imposing new sanctions on Russia's largest banks, as well as on Putin's children

Sanctions are being imposed after the world saw the effects of the Russian occupation of Bucha. US President Joe Biden's administration imposes new sanctions against Russian banking institutions and the daughters of the aggressor country's president, Vladimir Putin, reports CNN . “We are imposing completely blocking sanctions on Russia's largest banks, Sberbank and Alfa Bank,”…

This is the kingdom's fifth package of sanctions since Russia's full-scale invasion of Ukraine. The United Kingdom is imposing new sanctions on Russia. Earlier in the day, the next sanctions against Russia were imposed by the United States . The Kingdom completely froze the assets of Sberbank and Moscow Credit Bank, Bloomberg reports. Based on…