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 annual BRICS summit that will be held Oct. 22-24, Bloomberg reported Friday (Oct. 11). BRICS includes as members Brazil, Russia,...
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 funds were held in accounts at the Russian branches of Citibank and JPMorgan Chase Bank. The court order, issued Wednesday...
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 within the automotive sector. Once finalized, the proposed rule from the Department of Commerce would prohibit the import or sale...
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, which noted that the move is designed to solve the payment troubles the country has been facing after more than...
May 27, 2022
Sanctions have been dominating headlines. Nithai Barzam, COO of nsKnox, a corporate payment security company, told PYMNTS’ Karen Webster that beyond the sanctions that have been designed to rock Russia to its economic foundations lie some fundamental hard truths for enterprises around the globe. Namely, that it’s hard to find out who’s on sanctions lists, […]
March 06, 2022
S&P Dow Jones Indices announced Friday (March 4) that it will remove stocks listed or domiciled in Russia from its benchmarks because of the country’s invasion of Ukraine. This will...
March 04, 2022
Asking cryptocurrency exchanges to block the addresses of their Russian users last weekend, Ukraine’s Vice Prime Minister Mykhailo Fedorov said: “It’s crucial to freeze not only the addresses linked to...
December 19, 2019
For eCommerce firms targeting emerging markets, the opportunities are vast, as millions of consumers continue to go online to buy, and eCommerce sales soar by double-digit percentages. But in markets...
October 25, 2024
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. Speaking at a summit of BRICS countries — which include Brazil, Russia, India, China and South Africa — Putin said the existing financial messaging systems run by BRICS central banks […]
October 11, 2024
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 annual BRICS summit that will...
October 02, 2024
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 funds were held in accounts...
August 26, 2024
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, which noted that the move...
