Amid sanctions, Russia weighs crypto for international payments: Report By Cointelegraph

Amid sanctions, Russia weighs crypto for international payments: Report The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year. The Moscow-based Interfax news agency and Reuters reported Friday that Ivan Chebeskov, who heads the … Read more

Ukraine Latest: Russia Tests Zircon Hypersonic Missile in Arctic

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Bloomberg News Publishing date: May 28, 2022  •  16 minutes ago  •  8 minute read  •  Join the conversation Article content Bloomberg News (Bloomberg) — Russia test-fired the Zircon hypersonic missile in the Arctic, its defense ministry said. Moscow’s forces made advances in eastern Ukraine … Read more

Ukraine’s Richest Man Plans to Sue Russia for Destruction of Steel Plants, Lost Business

Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns in the devastated city of Mariupol. The Azovstal steelworks suffered heavy damage from Russian bombing and shelling after the sprawling plant became the last bastion … Read more

Russia Plans to Seize Local Units of Western Firms That Try to Exit Country

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where … Read more

west: Russia ready to help overcome food crisis if West lifts sanctions: Putin

Moscow is ready to make a “significant contribution” to averting a looming food crisis if the West lifts sanctions imposed on Russia over Ukraine, President Vladimir Putin said in a telephone call with Italy’s Prime Minister Mario Draghi. “Vladimir Putin emphasises that the Russian Federation is ready to make a significant contribution to overcoming the … Read more

Rinat Akhmetov: Ukraine’s richest man plans to sue Russia for huge losses

Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns in the devastated city of Mariupol. The Azovstal steelworks suffered heavy damage from Russian bombing and shelling after the sprawling plant became the last bastion … Read more

Talk to Ukraine about ports, not us, says Russia ahead of U.N. talks in Moscow

Breadcrumb Trail Links PMN Business Author of the article: Article content UNITED NATIONS — A senior U.N. official is due to visit Moscow in the coming days to discuss reviving fertilizer exports, Russia’s U.N. Ambassador Vassily Nebenzia said on Wednesday, stressing that the talks were not linked to a resumption of Ukrainian grain shipments. Since … Read more

nike russia: Nike halts sales to retailers in Russia

Nike will not renew licensing agreements in Russia, the company said Wednesday, joining a growing list of Western companies pulling back from the country following the invasion of Ukraine. The move affects licensed retailers as Nike shuttered company-owned stores two months ago soon after Moscow sent troops into the neighboring country. “Due to operational challenges … Read more

Russia to Service Debt in Rubles After US Closes Loophole

(Bloomberg) — Russia will service its dollar debt in rubles after the expiry of a sanctions loophole closed the option of payments in the US currency, potentially putting Moscow on track to default. Most Read from Bloomberg The announcement came a day after the US confirmed the end of the waiver, creating another headache for … Read more

Britain’s M&S pulls out of Russia and warns on outlook By Reuters

© Reuters. FILE PHOTO: A woman walks past a Marks & Spencer store at Oxford Street in London, Britain, July 20, 2020. REUTERS/Henry Nicholls/File Photo By James Davey LONDON (Reuters) -British retailer Marks & Spencer (OTC:) will pull out of Russia altogether and joined rivals in warning about the outlook for the current year amid … Read more