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China shows no desire to trade with Russia for rubles
The idea of abandoning the dollar for external trade with BRICS countries, actively proposed by the Russian government since it fell under sanctions from the West, still remains unrealizable.
Despite three years of negotiations with the central banks of the provisional bloc and the making of direct currency swap agreements, exporting companies in China and India still show no desire to transition to payment in rubles, according to a Central Bank statistic on the currency structure of foreign …
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Russia responds to Kremlin Report with 'sovereignty law'
After publication of the United States’ “Kremlin List”, the Russian Federation Council’s Temporary Commission to Prevent Interference in Internal Affairs began work on a bill which will define the concept of “interference in state sovereignty”, Lyudmila Bokova, one of the bill’s authors, told RBC news agency.
“There are many facts of interference by foreign powers in our country’s internal affairs. By putting forward the legislative initiatives, we are proceeding from a position of mirror …
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Russia conducts military exercises in Transdniestria
The Ministry of Foreign Affairs and European Integration of Moldova expressed indignation at the Russian military conducting regular military exercises in the territory of Transdniestria, as stated in comments by the foreign ministry.
“According to information published on the website of the Ministry of Defense of the Russian Federation, an operational group of Russian troops stationed in the Transdniestrian region of Moldova is again conducting military exercises, the purpose of which is …
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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 …
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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 …