Search Results for: Russia
Central Bank of Russia decided to revoke the banking license of a credit institution
July 25th, 2016
The Central Bank of Russia has issuesd a press releases to inform regarding its decision to revoke the banking license of a Russian Bank. According to the press release, the decision is due to the non-compliance by the Moscow-based credit institution ...
Russia to Treat Bitcoin as Foreign Currency
July 21st, 2016
Depending on how soon all involved parties can come to an agreement, the law proposal will be submitted to the Duma by the end of 2016. The status of Bitcoin in Russia has been up in the air for ...
Russian Oil Exports Set for Record as Europe Competition Grows
July 4th, 2016
Exports rose 4.9% in six months to 5.55 million barrels a day Iran also boosts supplied to region after sanctions lifted Russian crude exports are on track to set a record this year, which is intensifying competition in Europe ...
Russian Finance Firms Form Blockchain Consortium
July 4th, 2016
A group of Russian banks and financial services companies has formed a private-sector consortium focused on blockchain applications. Announced 1st July, the consortium includes payment processing firm QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and professional services firm Accenture. The launch came during the 25th International ...
There is no money left, bye!’: Russian PM causes social media storm
June 9th, 2016
Russian Prime Minister Dmitriy Medvedev has whipped up a storm on Russian social media for an off-the-cuff comment he made to a Russian pensioner last month. Medvedev was caught on camera telling an elderly woman in Crimea, a region ...
Greece apply efforts to increase the tourist flow from Russia
June 6th, 2016
Greece has moved to offer Russians long-term Schengen visas to increase an already considerable tourist flow from Russia, the Interfax news agency reported Thursday. Those Russians who have already made at least one trip to the European Union will ...
The owner of one the most largest real estate firms in Russia has been arrested
June 6th, 2016
Latvian law enforcement agencies have arrested the owner of the Miel real estate agency at the request of Russian prosecutors, the Vedomosti newspaper reported Friday. Grigory Kulikov, owner of one of the largest real estate firms in the Russian ...
Russia plans to introduce its own cryptocurrency
May 27th, 2016
Bitcoin Beware: Russia Developing National Cryptocurrency Russia plans to introduce its own cryptocurrency, while banning the use of all others, local media reported Friday, ciring Federal Financial Monitoring Service (Rosfinmonitoring) Deputy Director Pavel Livadny. According to the Kommersant newspaper, ...
Russia, Greece agree energy, oil cooperation of great importance
May 26th, 2016
Russia and Greece continue work on oil deliveries to Greece and Italy through third countries Russia and Greece consider as important their cooperation in the energy sphere and continue work on oil deliveries to Greece and Italy through third ...
Russia’s ‘Bitcoin Ban’ Faces Uncertain Future After Draft Bill Withdrawn
May 20th, 2016
A bill prepared by Russia’s Ministry of Finance targeting the creation and circulation of so-called money surrogates, a classification that would include digital currencies like bitcoin, has been at least temporarily withdrawn from consideration following comments from the country’s ...
