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India's biggest private refiner quietly pulls away from Russian oil purchases

India's biggest private refiner quietly pulls away from Russian oil purchases

India’s entire energy equation has been changed forever. Reliance Industries, the country’s biggest private refiner, is quietly pulling away from Russian oil purchases, a direct fallout from new sanct...

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1 min
Russia targets crypto miners with over 1,300 operators added to tax register

Russia targets crypto miners with over 1,300 operators added to tax register

The Russian state seems intent to bring most cryptocurrency miners out of the shadows, with the ultimate goal to tap into their profits through proper taxation. The finance ministry in Moscow has alre...

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1 min
Trump’s new sanctions target Russia’s top four oil producers, including Rosneft and Lukoil

Trump’s new sanctions target Russia’s top four oil producers, including Rosneft and Lukoil

Wall Street analysts are warning of severe economic fallout for Russia after President Donald Trump imposed new sanctions on Rosneft and Lukoil, the country’s biggest oil producers. The decision, made...

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1 min
Putin said Russia will never bow to Trump’s pressure after new U.S. sanctions on its top oil firms

Putin said Russia will never bow to Trump’s pressure after new U.S. sanctions on its top oil firms

President Vladimir Putin said on Thursday in Moscow that Russia will not bend under pressure from the United States or any other foreign power. He warned that any military strikes deep inside Russia w...

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1 min
Russia-linked A7A5 stablecoin, supporting cast hit in EU's latest sanctions package

Russia-linked A7A5 stablecoin, supporting cast hit in EU's latest sanctions package

The European Union (EU) has passed its 19th set of sanctions against Russia. For the first time since the war in Ukraine began, restrictions have been implemented on crypto platforms and crypto coins ...

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1 min
Trump orders sweeping new sanctions targeting Russia’s energy sector

Trump orders sweeping new sanctions targeting Russia’s energy sector

The US Treasury Department has on Wednesday imposed the highly anticipated sanctions on Vladimir Putin’s Russia, striking directly at the country’s energy sector after what officials described as a la...

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1 min
Russia to legalize international cryptocurrency settlements

Russia to legalize international cryptocurrency settlements

Financial regulators in the Russian Federation are going to officially legalize the use of cryptocurrency in cross-border payments, moving beyond the existing “experimental” legal regime. Russian comp...

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1 min
India finally agrees to reduce Russian oil imports as part of U.S. trade deal

India finally agrees to reduce Russian oil imports as part of U.S. trade deal

India is finally actually preparing to reduce its Russian oil imports as Washington moves closer to finalizing a major trade agreement that could drop tariffs on Indian goods from 50% down to 15%–16%,...

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1 min
Russian state to penalize citizens transacting with crypto involved in unauthorized turnover of cryptocurrencies

Russian state to penalize citizens transacting with crypto involved in unauthorized turnover of cryptocurrencies

Russian authorities may soon introduce penalties for people involved in unauthorized turnover of cryptocurrencies in the country. According to Russia’s chief prosecutor, the measures to curb such acti...

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1 min
Russia hints at recognizing crypto as property for equal splits among separating spouses

Russia hints at recognizing crypto as property for equal splits among separating spouses

A draft law filed in the Russian parliament proposes to recognize cryptocurrency as jointly owned property, subject to division upon divorce. The sponsors of the legislation seek to solve an outstandi...

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1 min
Japan trims Russian LNG imports as geopolitical pressure mounts

Japan trims Russian LNG imports as geopolitical pressure mounts

Japan’s Trade Minister Yoji Muto said on Tuesday that the country has been “steadily reducing dependency on Russian energy in the wake of the Ukraine war,” but warned it can’t immediately stop imports...

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1 min
Putin envoy proposes $8 billion underwater tunnel linking Russia and Alaska

Putin envoy proposes $8 billion underwater tunnel linking Russia and Alaska

An economic envoy of Russian President Vladimir Putin has pitched the idea of building an underwater tunnel to link Russia with Alaska. It shouldn’t be too long and expensive to build, with Elon Musk’...

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1 min