Sberbank Russia’s Biggest Bank Launched Sbercoin Cryptocurrency
As a result of the Russian invasion of Ukraine, several sanctions have been imposed, cutting off the country from the majority of its foreign currency reserves and the global financial system. Despite all this, Russia’s largest bank has announced plans to launch a cryptocurrency. During the Russian invasion, trading in Sberbank shares was halted in […]
Streaming Service Spotify Closes Its Russia Offices
In response to Russian military operations in Ukraine, Swedish streaming audio platform Spotify has closed its offices in the Vladimir Putin-led nation “indefinitely.” Variety reports that Spotify has restricted access to media from Russian state-owned outlets, including RT and Sputnik, as well as removed all content from these outlets from its audio platform. Spotify’s representative […]
Russia Bans British Airlines Following UK’s Ban On The Flights Of Russian Flag Carrier Aeroflot
Russia’s state civil aviation regulator said on Friday that British airlines are no longer allowed to land at its airports or cross its airspace. This follows London’s ban of flights operated by Russian flag carrier Aeroflot following the country’s invasion of Ukraine. Russia’s aviation authority, Rosaviatsia, said in a statement that the use of Russian […]
FIA cancels 2022 Russian Grand Prix Formula One
The Russian Grand Prix, to be held On September 25, added to the calendar in 2014, was scheduled in Sochi’s Olympic Park In the wake of Russia’s invasion of neighboring Ukraine, Formula One announced Friday it will not race there this year. A race at Sochi’s Olympic Park was scheduled for Sept. 25 as part […]
The UK Has Banned Russian Airline Aeroflot Due To Sanctions Over The Invasion Of Ukraine
According to British Prime Minister Boris Johnson, Russian flag carrier Aeroflot will no longer be allowed to fly in United Kingdom airspace or land in the country. This ban is part of another round of British sanctions imposed over Moscow’s invasion of Ukraine. Russian Airlines usually flies between London and Moscow on a daily basis. […]
Cryptocurrency Market Capitalization Plummeted By $200 Billion Following Russia’s Invasion Of Ukraine
Cryptocurrency market capitalization dropped by over 12% over the last 24 hours following Russia’s invasion of Ukraine. At the time of writing, the market capitalization of all cryptocurrencies is approximately $1.56 trillion, down from $1.77 trillion during the last 24 hours. Many of the largest, most established cryptocurrencies in the crypto industry are also strongly […]
Russia Proposes To Ban Cryptocurrency Mining And Use
Earlier this week, the Bank of Russia released its “Cryptocurrencies: Trends, Risks and Regulations” paper, which proposes a blanket ban on the use and mining of all cryptocurrencies in the country. Cryptocurrencies will be banned in Russia under a blanket ban proposed by the central bank. As part of the proposed ban, cryptocurrency trading, mining, […]