Russia blocks Facebook, passes “fake news” law; Microsoft, EA stops sales

Extensive Western sanctions create a minefield for investors Exxon faces a “complicated process” on its way out SocGen warned that he may be deprived of Russian assets Toyota stops production, Pirelli’s Russian plants continue Banks count every change in the cost of the penalties March 4 (Reuters) – Russia said it would block Facebook for … Read more

Russia tries to stop the stampede of investors as sanctions hammer the economy

Man and Abrdn cut Russia’s positions Liontrust suspends trading in the Russia fund Austrian RBI plans to leave Russia – sources Visa, Mastercard blocks many in Russia The German watchdog keeps an eye on VTB’s European arm LONDON, March 1 (Reuters) – Russia said Tuesday it will temporarily put a stop to foreigners seeking to … Read more

Russian investment bank fee income of US banks after Moscow sanctions questioned

FILE PHOTO: The logo of the VTB Group is seen through a window of the Imperia Tower on the facade of the Federatsiya (Federation) Tower at the Moscow International Business Center also known as “Moskva-City”, in Moscow, Russia on this August 5th, 2015. REUTERS / Maxim Zmeyev / photo file Register now for FREE unlimited … Read more

Investors brace for volatility as the West moves to isolate Russia from SWIFT

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, USA, February 18, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Sign in NEW YORK / LONDON, Feb.26 (Reuters) – Investors were bracing Saturday for further wild swings in asset prices after Western … Read more

Russia proposes a ban on the use and mining of cryptocurrencies

The Russian proposes a ban on the use of cryptocurrency The regulator warns of risks to financial stability Analysts say a broader impact is negligible for now A ban on cryptocurrency exchanges has also been proposed MOSCOW, Jan. 20 (Reuters) – The Russian central bank on Thursday proposed banning the use and mining of … Read more

The power of the Bitcoin network collapses as Kazakhstan’s crackdown hits cryptocurrency miners

Bitcoin’s “hashrate” drops after internet shuts down in Kazakhstan Country that accounted for 18% of bitcoin’s global output power in August The share has risen sharply after China’s crackdown Kazakhstan shuts down the internet after deadly protests LONDON, Jan. 6 (Reuters) – The bitcoin network’s global computing power dropped dramatically when Kazakhstan’s internet shutdown this … Read more