Hyundai Reviews Russia Plant After Sales Reports in Kazakhstan
South Korean automaker says it is considering ‘various options’ for the Saint Petersburg factory. Hyundai Motor says it is considering “various options” for its suspended factory in Russia, following a report that the South Korean automaker is discussing the plant’s sale to a Kazakhstan company. Hyundai, South Korea’s third-largest conglomerate, said on Friday it had […]
Russia Bans Oil Sales to Nations and Companies That Comply With Price Cap
Russian President Vladimir Putin issued a decree banning oil sales to countries and companies that comply with a price cap agreed upon by Western countries in response to Moscow’s invasion of Ukraine. Moscow gave its long-awaited response to the price cap on Tuesday. It bans the supply of crude oil and petroleum products starting Feb. […]
Putin Calls for International Agreements Based on Blockchain and Digital Currencies
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments that rely on digital currency and distributed ledger technology will be “much more convenient.” Russian President Vladimir Putin has called for the establishment of a new […]
Russia’s New Crypto Bill Could Ban Bitcoin Payments
A new bill introduced by the State Duma could ban any form of cryptocurrency payments in Russia. Russia’s New Crypto Bill Could Ban Bitcoin Payments. Anatoly Aksakov has introduced the new legislation. According to the head of Russia’s lower house of parliament, any form of “digital financial assets” will be banned. It is a means […]