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CryptoCurrency

Genesis Vision to Suspend Services amid Russia Exposure

Its legal entities are 'highly affiliated' with Russian citizens.
It now focused on reorganizing its legal structure and products.

Tuesday, 15/11/2022 | 09:04 GMT by Arnab Shome

Institutional FX

Russia’s MOEX’s FX Market Slides 24% to RUB 14.9 Trillion in October

Major trading venues have reported decreased spot forex ADVs in October.
MOEX's total trading volumes dropped -3.5% to RUB 71.7 trillion.

Wednesday, 02/11/2022 | 21:20 GMT by Solomon Oladipupo

CryptoCurrency

Russia-Ukraine War: EU Completely Forbids Crypto Payments from Russia

The crypto ban is one of several new 'hard-hitting' measures of the EU against Russia.
The bloc banned seven Russian banks from accessing SWIFT earlier in March.

Thursday, 06/10/2022 | 19:51 GMT by Solomon Oladipupo

Regulation

Bank of Russia Agrees to Allow Cryptocurrencies for Cross-Border Payments

The country might soon bring legislation to enable crypto cross-border payments.
Earlier, the country banned the usage of crypto for payments.

Monday, 05/09/2022 | 11:22 GMT by Arnab Shome

Institutional FX

Russia’s MOEX to Resume Early Morning FX, Evening Stock Trading in September

MOEX will halt the use of US dollar as collateral on August 29th.
The exchange's forex market relapsed in July.

Friday, 26/08/2022 | 18:36 GMT by Solomon Oladipupo

Institutional FX

MOEX Sees 18.8% YoY Dip in Fee and Commission Income during Q2

Compared to the previous quarter, the number was down by more than 24%.
EBITDA in the second quarter climbed by 17%.

Friday, 19/08/2022 | 08:57 GMT by Bilal Jafar

Retail FX

Banning Russia from the Marine Insurance Market May Amplify Demand for Gas Products

China may re-enter LNG markets when covid-19 lockdowns' impact diminishes.
The Power of Siberia is being connected to China as pipeline gas exports increase.

Monday, 01/08/2022 | 07:59 GMT by Matti Williamson

Institutional FX

Court Bans Credit Suisse from Disposing of Shares in Russian Units

A Moscow court issued the order.
The bank cannot dispose of its shares in Bank Credit Suisse and Credit Suisse Securities.

Thursday, 21/07/2022 | 21:25 GMT by Felipe Erazo

CryptoCurrency

Fintech Firm Arranges the First Digital Asset Deal in Russia

VTB Factoring conducted the transaction through a tokenized debt pool.
The bank claimed it was the first transaction of its kind backed by cash in Russia.

Wednesday, 29/06/2022 | 15:30 GMT by Felipe Erazo

Institutional FX

Russia Defaults on Foreign Debt as Sanctions Cripple Payment Channels

The payment is reportedly stuck at Euroclear.
The country last time defaulted on foreign debt in 1918.

Monday, 27/06/2022 | 06:00 GMT by Arnab Shome

FinTech

Russian Bank Tinkoff to Start Charging 1% Fee on FX Accounts

The bank cited the current geopolitical situation for the decision.
The measure is to take effect from June 23.

Thursday, 09/06/2022 | 18:54 GMT by Solomon Oladipupo

Institutional FX

Deutsche Bank Moves Half of Its Russia-Based Staff to Berlin

There are around 1,500 Russia-based people currently in the bank's headcount.
Half of them accepted to be relocated.

Tuesday, 07/06/2022 | 17:19 GMT by Felipe Erazo

Institutional FX

Russia-Ukraine War Rattles Moscow Exchange as Volumes Collapse in May

The equity and bond market sank -240% MoM.
However, the markets grew 5.2% led by the money and FX spot markets.

Friday, 03/06/2022 | 05:54 GMT by Solomon Oladipupo

Institutional FX

Moscow Exchange Reports Dip in FX Activity for April 2022

The total trading volume related to the FX market reached RUB 22 trillion in the last month.
In the derivatives market, trading volume touched RUB 4.2 trillion.

Friday, 20/05/2022 | 13:31 GMT by Bilal Jafar

Regulation

Russia Will Eventually Allow Crypto Payments, Minister Confirms

The government and the central bank are now in talks for crypto regulations.
Earlier, the central bank came up with plans to impose a blanket ban on crypto.

Thursday, 19/05/2022 | 05:44 GMT by Arnab Shome

Institutional FX

Credit Suisse Froze Assets Worth $10.6 Billion in Q1 2022

An estimated CHF 10.4 billion is lost to the bank because of frozen assets.
Less than 4% of its assets under management are Russian.

Thursday, 05/05/2022 | 21:27 GMT by Felipe Erazo

Institutional FX

HSBC’s Revenue Declines 4% in Q1 2022

The reported revenue came in at $12.5 billion.
Reported profit after tax dipped by $1.1 billion to $3.4 billion.

Tuesday, 26/04/2022 | 12:06 GMT by Bilal Jafar

Brokers

Saxo Bank Warns Russians on Upcoming Nasdaq Service Termination

The exchange will possibly terminate all its services in the country from April 29.
However, Nasdaq did not officially announce its suspension of Russian services.

Monday, 25/04/2022 | 06:14 GMT by Arnab Shome

News

US Government Sanctions Major Crypto Miner BitRiver

The crypto miner is based in Switzerland.
BitRiver is one of the largest data center service providers in the industry.

Thursday, 21/04/2022 | 17:26 GMT by Felipe Erazo

News

Binance Limits Services for Russian Nationals

Accounts with more than 10,000 EUR worth of assets will be put into withdrawal-only mode.
No deposits will be permitted on the mentioned accounts.

Thursday, 21/04/2022 | 10:03 GMT by Bilal Jafar

News

EXMO.com Stops Serving Russian, Belarusian and Kazakh Clients

EXMO.com has decided to sell the digital assets business in Russia and Belarus.
The company recently amended its user agreement.

Monday, 18/04/2022 | 10:31 GMT by Bilal Jafar

News

Currency.com Confirms ‘Failed’ Russian Cyberattack Attempt

The platform pulled out from Russia last week.
It reportedly had around 500,000 users in Russia.

Monday, 18/04/2022 | 06:00 GMT by Arnab Shome

Exchanges

Crypto Trading Platform Currency.com Stops Operations in Russia

It has already suspended the onboarding of new Russian clients.
Several other trading platforms also pulled out of Russia recently.

Wednesday, 13/04/2022 | 06:04 GMT by Arnab Shome

Brokers

Saxo Bank to Stop Providing Services to Russian and Belarusian Clients, Report Says

Amid sanctions, the financial services provider is planning to close brokerage accounts.
Existing clients must close all their positions and withdraw money within two months.

Saturday, 09/04/2022 | 10:48 GMT by Bilal Jafar

News

Bloomberg Announces Suspension of Operations in Russia and Belarus

The company has suspended its operations over the Ukraine war.
Bloomberg’s clients in both these countries will be unable to access its financial products.

Tuesday, 29/03/2022 | 10:34 GMT by Bilal Jafar

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