With the Russian economy still teetering on the edge of positive growth, and with oil prices remaining in the $60 range, the Russian Finance Ministry plans to issue additional eurobonds this year to take advantage of market demand and fill holes in the federal budget. Russia has a reputation of…
Image by Alexandr Gromov There is no way the Kremlin can ban cryptocurrency in Russia. The technology is too popular and has taken off like wildfire. Moscow knows this. Russian President Vladimir Putin has previously stated his support for development of blockchain technology and crypto in the Russian Federation, as…
Image by Krassotkin The Russian Finance Ministry is drafting a law to legalize cryptocurrencies said Finance Minister Anton Siluanov in an interview aired on “Russia 1” TV channel on Saturday. The Finance Minister proposes treating cryptocurrencies like federal loan bonds, available to individuals. Officials “are developing proposals on their legalization…
Image by kremlin.ru Russia plans to execute a $4 billion eurobond swap as early as September to avoid repaying principle on foreign debt. Russian Finance Minister stated Monday that the exchange will not happen before then. “We will need some time now to prepare for the exchange. I think we…
Image by kremlin.ru After mass protests from truck drivers and others Russians upset at tax policy, Moscow seems desperate to drive more revenue into the Kremlin’s coffers. Western sanctions and a precipitous drop in the price of crude oil on international markets, in spite of OPEC and Russia’s attempts to…