Latest News for: russian ruble

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VK Reports Triple Net Loss Despite Record Revenue in 2024

Moscow Times 20 Mar 2025
Russian tech giant VK a staggering net loss of 94.94 billion rubles ($1.12 billion) in 2024 — nearly three times the 34.29 billion rubles ($405 million) it lost in 2023 — despite achieving ...
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Hedge Funds, Beware — Russia Is a Bad Investment

Moscow Times 20 Mar 2025
As a result, the ruble has rallied by 36% against the dollar this year, while Russian stocks have experienced a strong rebound. The FT reported last week that Western hedge funds are desperately looking at ways to gain exposure to Russian assets.
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Investors are hunting for cheap Russian assets amid Ukraine peace hope — but big risks remain

Business Insider 19 Mar 2025
Traders have been snapping up shares of foreign-listed Russian ... Trump's confidence that a truce isn't far away has contributed to the Russian ruble rising more than 20% against the dollar this year.
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Can Crypto Help Russia Beat Western Sanctions?

Moscow Times 19 Mar 2025
Russian Central Bank Governor Elvira Nabiullina ... The Russian government has also launched several crypto-related initiatives involving major state-owned enterprises ... dollar, less volatility than the Russian ruble or other currencies.
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Trump, Putin agree to partial ceasefire in Ukraine, but plan needs Kiev sign off

Jewish World Review 19 Mar 2025
and Russian leaders ... On Tuesday, the Russian ruble strengthened against the dollar, with the exchange rate dropping below 81 rubles for the first time since June 2023, according to Moscow Exchange data.
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Russia Seeks to Sell $1.2Bln in Seized Assets in 2025

Moscow Times 18 Mar 2025
In 2024, The Moscow TimesRussian-language edition estimated that the state seized a record 544.7 billion rubles ($6.71 billion) in assets from at least 67 companies across the food, real estate and retail sectors.
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Putin's Broken Promise: Russian Conscripts Dying In Ukraine Invasion

Beijing News 18 Mar 2025
In October, several conscripts from a Russian tank division received 305,000 rubles ($3,600) after they supposedly signed contracts with the Russian Defense Ministry,RFE/RL's North Realities reported.
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Russia to start $1.2B privatization process: Report

Anadolu Agency 18 Mar 2025
Russian authorities intend to sell off at least 100 billion rubles ($1.22 billion) worth of state-seized assets in 2025, Finance Minister Anton Siluanov said Tuesday according to state news agency Tass ... .
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Putin is allowing some international funds, including Americans, to sell Russian securities

Cryptopolitan 17 Mar 2025
Russian President Vladimir ... Following the decree, the Russian ruble to 87 per dollar, nearing its highest level in seven months, before falling to 83 later in the day, according to Trading Economics.
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Unveiling Russia’s Ingenious Crypto Strategy: Bypassing Sanctions in Oil Trade

Bitcoin World 15 Mar 2025
Reuters’ report highlights that Russian oil firms are specifically using cryptocurrencies to convert Chinese yuan and Indian rupees – currencies received from oil sales – into Russian rubles.
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Russian oil firms use Bitcoin, Ethereum, USDT for cross-border payments with China and India

Cryptoslate 14 Mar 2025
This strategy simplifies the conversion of Chinese Yuan and Indian Rupees into Russian Rubles, enabling smoother transactions despite financial restrictions ... The survey of Russian banking experts ...
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Over 30% of Russian banks not ready to embrace CBDC, report finds

Cryptopolitan 14 Mar 2025
Almost a third of Russian banks face technological hurdles in their preparation for the digital ruble, according to a new report by Russian news outlet Vedomosti ... ruble’s mass implementation.
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Russia bypassing US sanctions with cryptocurrencies in oil trade

Cryptopolitan 14 Mar 2025
The sources disclosed that Russian oil companies were using cryptocurrencies to simplify currency exchanges between the Indian rupee, the Chinese yuan, and the Russian ruble ... into Russian rubles.
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Russia is Using Bitcoin and USDT for Oil Trade with China & India

Crypto Economy 14 Mar 2025
... for rubles ... The intermediary changes the payments into cryptocurrency and sends them to a different account, which then forwards them to a third account in Russia and exchanges them for Russian rubles.
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Russia Using Crypto in Chinese and Indian Oil Trade – Reuters

Moscow Times 14 Mar 2025
Unspecified Russian oil companies are using bitcoin, ether and stablecoins such as Tether to “smooth the conversion of Chinese yuan and Indian rupees to Russian rubles,” Reuters said, citing its anonymous sources.
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