• Russian Finance Ministry expects the law on cryptocurrency to be adopted in September

    The Finance Ministry of the Russian Federation expects that the law on the management and use of crypto currency in the country will come into force in September 2018. In the Ministry's notification at the beginning of the drawing up of a draft law, it was said that the public discussion of the document will last until February 12th.

    The draft law on the regulation of digital assets was published by the Ministry of Finance on January 25th. It defines mining, crypto currency, and tokens. The …

  • Russian Sberbank to trade cryptocurrency through its Swiss subsidiary

    State-run Sberbank of Russia intends to launch trade operations with cryptocurrency through its bank subsidiary in Switzerland, Sberbank Switzerlang AG, as was announced by Sberbank’s Deputy President and head of Global Markets, Andrey Shemetov, according to the RBC news.

    Shemetov said that while Russian law does not permit operations with cryptocurrency, Swiss legislation allows them. “We want to serve our customers and consider that strategically we should have access to all types of …

  • Putin demands that shortcomings found in new military equipment in Syria be fixed

    At a recent military-practical conference, Russian President Vladimir Putin demanded that the shortcomings of Russian armament that were discovered in the Syrian theater be immediately dealt with, TASS reported.

    The President emphasized the problems with certain types of weapons and equipment used in the fighting. "I ask you to study this information carefully and make adjustments to the serial production process," he said. Putin noted that now that the work has already been carried out with …

  • Nord Stream 2 shareholders have invested about $3 billion in the project

    Paul Corcoran, CFO of the project company Nord Stream 2 AG, has stated that as of the end of 2017, shareholders in Nord Stream 2, including the Russian company Gazprom, have provided approximately $3 billion toward construction of the gas pipeline project along the bottom of the Baltic Sea. This was reported by Interfax.

    Gazprom's partner companies in the construction of Nord Stream 2 include Royal Dutch Shell, Engie, OMV, Uniper and Wintershall. They are committed to financing 50% of the …

  • Leaders of five German states demand weakening of sanctions against Russia

    The government leaders of five German states believe that sanctions against Russia are ineffective and are causing damage to German companies, Deutsche Welle reports.

    A meeting was held in Berlin between the heads of government of the five states formed from the territory of the former German Democratic Republic (East Germany).

    Reiner Haseloff, Minister President of the state of Saxony-Anhalt and a member of Chancellor Angela Merkel’s Christian-Democratic Union Party, said after the meeting …