Russia

Putin: No Plans to Create BRICS Cross-Border Payments System
Putin: No Plans to Create BRICS Cross-Border Payments System
October 25, 2024  |  Cross-border Payments

Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries....

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Russia Calls on BRICS Countries to ‘Ring Fence’ New Cross-Border Payments Network
Russia Calls on BRICS Countries to ‘Ring Fence’ New Cross-Border Payments Network
October 11, 2024  |  Cross-border Payments

Russia reportedly aims to create a new system for cross-border payments between BRICS countries. A report that includes this plan was published ahead of an...

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Russian Court Freezes $372 Million in BNY and JPMorgan Chase Assets
Russian Court Freezes $372 Million in BNY and JPMorgan Chase Assets
October 02, 2024  |  International

Reuters reported late Wednesday that a Moscow court has frozen $372 million in assets held by Bank of New York Mellon and JPMorgan Chase. The...

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US Moves to Secure Connected Car Economy by Banning Foreign Technologies
US Moves to Secure Connected Car Economy by Banning Foreign Technologies
September 25, 2024  |  Regulation

The U.S. government’s proposed ban on connected vehicle technology from China and Russia marks a significant shift in the approach to national security and cybersecurity...

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Russia Rethinks Crypto Exchanges to Smooth Payments Obstacles
Russia Rethinks Crypto Exchanges to Smooth Payments Obstacles
August 26, 2024  |  Cryptocurrency

Russia is reportedly preparing to begin trials of cryptocurrency exchanges and cross-border crypto transactions. That’s according to a report Monday (Aug. 26) by Bloomberg News,...

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Russian Central Bank Pulls Amex Subsidiary’s Banking License
Russian Central Bank Pulls Amex Subsidiary’s Banking License
August 13, 2024  |  Credit Cards

Russia’s central bank has reportedly canceled the banking license of the in-country subsidiary of American Express. As Reuters reported Tuesday (Aug. 13), the central bank did so at...

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Report: Middlemen Handle 50% of Russia’s Payments to China
Report: Middlemen Handle 50% of Russia’s Payments to China
April 28, 2024  |  International

Sanctions on payments between China and Russia have reportedly created a thriving market for middlemen. In fact, half of all payments by Russian companies for...

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Treasury Asks Congress for Stronger Crypto Sanction Powers
Treasury Asks Congress for Stronger Crypto Sanction Powers
April 09, 2024  |  Cryptocurrency

The U.S. Treasury Department wants more tools to curb terror financing. Deputy Secretary Adewale O. Adeyemo is due to testify before the Senate Banking Committee Tuesday (April...

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Apple Accused of Limiting Russian Users’ Banking Options
Apple Accused of Limiting Russian Users’ Banking Options
April 04, 2024  |  Apple

Russia says the country’s Apple users don’t have full access to payments and banking services. As Reuters reported Thursday (April 4), Russia’s antitrust regulator, the Federal Antimonopoly Service...

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