Russia
News from Russia🇷🇺: Raiffeisen Bank will Accelerate Business Reduction Due to EU Demand Paid Members Public
News from Russia🇷🇺: Raiffeisen Bank will Accelerate Business Reduction Due to EU Demand The bank announced this in its quarterly earnings report. As previously indicated, the deadline is now clear. ➡️ The bank's exit process from Russia will begin in the third quarter of 2024, with active preparations currently
☠️ US 🇺🇸Banking Startup Mercury Suddenly Ceases Service for Ukrainian Passport Holders… Paid Members Public
☠️ US 🇺🇸Banking Startup Mercury Suddenly Ceases Service for Ukrainian Passport Holders… … as well as support for fintechs with business and residential addresses in Ukraine🇺🇦, Russia🇷🇺, Nigeria🇳🇬, and some other countries deemed to have “high legal risk”. ➡️ Full list of countries: • Afghanistan • Albania • Belarus • Bosnia and Herzegovina • Burundi • Cambodia • Cameroon • Central
⚡️Russian-rooted companies🇷🇺 face payment difficulties due to sanctions Paid Members Public
⚡️Russian-rooted companies🇷🇺 face payment difficulties due to sanctions US sanctions have led to payment delays in banks in Turkey🇹🇷, China🇨🇳, and other countries trading with Russia. ➡️ The average delay for payments is currently 10 to 16 days. ➡️Many transactions with China can now only be processed through intermediaries in Kazakhstan�
⛔️Russia🇷🇺 Implements Ban on Crypto Exchanges Paid Members Public
⛔️Russia🇷🇺 Implements Ban on Crypto Exchanges Earlier this month, President Putin urged lawmakers to break the deadlock and accelerate the adoption of the cryptocurrency mining law. ➡️ In response, lawmakers have stated that they will pass two cryptocurrency-related bills before the end of the current parliamentary session on August 5: 1️
⛔️Russia🇷🇺 against fraud: from July 25, banks are required to monitor all client transfers. Paid Members Public
⛔️Russia🇷🇺 against fraud: from July 25, banks are required to monitor all client transfers. Due to the increasing cases of financial fraud, the Central Bank needed additional tools to protect customers. In the first quarter of this year, criminals stole 4.3 billion rubles from Russians — 400 million rubles more
🏴☠️ Russia🇷🇺: Central Bank Launches New Anti-Fraud Initiative on July 15 Paid Members Public
🏴☠️ Russia🇷🇺: Central Bank Launches New Anti-Fraud Initiative on July 15 The focus is on identifying additional phone numbers previously associated with illegal operations. ➡️ This is a pilot project by the Central Bank for data exchange with telecom operators. For instance, "MegaFon" is participating. More control and regulation... but
😱Demonstration of discipline: Lithuania🇱🇹 imposed a record fine on the cryptocurrency service Payeer for non-compliance with anti-Russian sanctions Paid Members Public
😱Demonstration of discipline: Lithuania🇱🇹 imposed a record fine on the cryptocurrency service Payeer for non-compliance with anti-Russian sanctions Lithuania's Financial Crime Investigation Service (FNTT9.3 million euros) has imposed a record fine of 9.3 million euros on the cryptocurrency service Payeer for allowing Russian clients to carry
🎉Russia 🇷🇺 to Start Using CBDC for Cross-Border Payments in 2025 Paid Members Public
🎉Russia 🇷🇺 to Start Using CBDC for Cross-Border Payments in 2025 The first cross-border payments with the digital ruble will take place in the second half of 2025. 13 banks, including VTB, Sber, and Tinkoff, will participate in the trials. ➡️ The chairman of the State Duma's Financial Markets Committee