The Moscow Exchange (MOEX) launched trading in futures contracts on June 4, on shares of the iShares Bitcoin Trust ETF fund, the value of which is tied to the value of Bitcoin (BTC). This is a settlement instrument, with an expiration date of September 19, 2025. Russia is seen as entering the global crypto market […]
The Russian Agricultural Bank (RusAg) is considering using cryptocurrencies for settlements in grain trading, the bank has stated. RusAg first deputy CEO Irina Zhachkina said that “We believe that cryptocurrencies could be a convenient alternative instrument, and we are now exploring the possibility of using cryptocurrency instruments for settlements in grain trading with the Bank
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The Russian government will allocate nearly ₽860 million (US$11 million) this year to finance the development of industrial parks and techno parks in numerous regions. Industrial and technological parks were a key component of China’s manufacturing success from the early 2000’s to the present day. They offer investment incentives, such as tax breaks, reduced utility
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Russia’s Sberbank is developing structured bonds whose yields will be tied to cryptocurrency price movements, according to Sberbank Executive Board Deputy Chairman Anatoly Popov. He said that “In the near future, we will present investors with a product that provides convenient and secure exposure to cryptocurrency assets – without direct ownership of cryptocurrencies, while fully
In June, the Russian State Duma will consider a bill prohibiting the buy-back of shares to foreign companies in the second and third readings. The document has already been approved by the Russian Ministry of Finance. The bill describes in which cases foreigners will be refused the ability to buy back their once-owned assets, with
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Colombia intends to join the BRICS New Development Bank (NDB) in 2025, according to Hector Arenas Neira, Colombia’s Ambassador to Russia. Neira said that the decision on this issue was made after talks with NDB head Dilma Rousseff, saying that “the decision has been made. Our president met with the president of the BRICS bank,
In encouraging signs that Afghanistan’s trade and investment potential is improving, the Taliban administration is holding advanced negotiations with Russia to allow banks from both countries, both of which are heavily sanctioned in the West, to handle trade worth hundreds of millions of dollars using their own currencies. Afghanistan’s acting commerce minister, Haji Nooruddin Azizi,
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Algeria has officially become a member of the New Development Bank (NDB), a financial institution created by the BRICS group of countries. The bank’s press office announced this on Thursday, May 22. “Algeria plays an important role not only in the North African economy, but also at the global level and will certainly contribute to
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Sberbank has proposed allowing foreigners to invest in Russian Initial Public Offerings (IPO) with money held in their C-type accounts, with purchased shares and dividends subsequently credited to these same accounts. A C-type account is a foreign owned bank account in Russia, which holds frozen income on securities owned by “unfriendly” foreign investors. This money
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The Central Bank of Russia has set the minimum annual income threshold for obtaining the status of a Qualified Investor at ₽12 million (@US$150,000) according to Mikhail Mamuta, Head of the Russian regulatory body for the Protection for Consumer Rights and Ensuring the Availability of Financial Services. He was speaking on the sidelines of the
Russia Sets Qualified Investor Minimum Investor Income At US$150,000 Read More »
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