Russian Cryptocurrency Banned by the EU
Many of Russia’s largest banks have been denied access to the SWIFT network, save for certain energy-related payment activities. There have ...
Tag: Russia
Stay informed with the latest news and insights on Russia’s influence in payments and banking, examining regulatory developments, economic impacts, and the evolving financial landscape.
More Developments on Crypto in Russia
One key question facing policymakers is how to regulate crypto. Due to its decentralized nature, cryptocurrency does not fall under ...
Russia and Cryptos
Russia has been increasingly interested in cryptocurrency, with President Vladimir Putin recently ordering the development of a national digital currency. ...
Russian Credit Cards: Yet a Third Work Around against Western Sanctions
Last week we talked about India’s RuPay connecting to the sanctioned-Russian credit card network as a crimp in the G-7 ...
India Plans to Accept Russian Mir Cards: A Crimp in the Sanctions Armor?
Less than six months after the EU and G7 sanctions against Russia for the invasion of Ukraine, it appears that ...
Four Banks Dominate Consumer Lending in Russia:
The credit card is one of the most common forms of consumer lending. Credit cards allow consumers to borrow money ...
How the Russian National Payment Card System Works Post-Sanctions:
Russia is a country that is increasingly embracing payment cards as a means of payment. This is in line with ...
Elvira Steadies Credit, Debit, Merchant, and Wholesale Payments in Russia
Here is an interesting story in the New York Times about the Central Banker behind Russia’s move to reposition the ...
Confusion in the Kremlin: Will Mir Credit Cards Link to China UnionPay?
The Central Bank of Russia launched the Mir payment card following sanctions from the 2014 Crimean War. Mastercard and Visa ...
Russia Write-Downs Affect Top Banks, But Credit Cards Hold Steady
1Q22 results show that Russian exposure affected net revenue at some top banks, but credit cards performed well. Bloomberg reported: ...
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