Russian Finance Minister Anton Siluanov claimed Russia had the necessary funds to fulfill its obligations and pay $117 million in...
Most big U.S. banks had modest operations in Russia, a geographically large nation with a relatively small economy. Citigroup had the...
In a sharp break with its long-standing neutrality, Switzerland announced that it would join the European Union in imposing sanctions on...
Crypto exchanges are coming under pressure to block transactions with Russia, as western politicians fear that cryptocurrencies provide a...
Over the weekend, Ukraine's vice prime minister and Minister of Digital Transformation, Mykhailo Fedorov, publicly appealed to "all major...
Russia has over $700 million worth of government bond payments due this month. While in theory it has ample reserves to cover debt, in...
The sanctions announced include cutting off Russia’s largest bank from the U.S. financial system – which is a significant blow to its...
Russia’s assault on Ukraine triggered a surge of calls for Western allies to completely sever Russia from the global financial system by...
The ECB has long discussed an alternative scheme akin to Visa and Mastercard. Albeit, while regulated, the Mir network in Russia has...
As Europe's proposed alternative to Visa and Mastercard takes shape, evidence from Russia suggests that an upstart rival can break the...
The Bank of Russia has set out plans to build a prototype digital ruble by the end of the year. The bank has opted for a two-tier retail...
Sber has launched a series of digital services alongside its tech company revamp. These include SberBox, a TV streaming device,...
Yandex, one of the few search engines globally with a higher local market share than Google, has recently made strides in fields ranging...
Moscow is creating a bank that the Kremlin will use to finance its defence industry in a manoeuvre that will help it avoid new US...
The city, under the leadership of Mayor Sergey Sobyanin has invested $600m a year to expand its smart city initiatives, boasts 100...
Russia will issue its own official cryptocurrency, the CryptoRuble, capping months of speculation about the country’s approach to the...