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BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial SystemsBRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance. BRICS Advances Alternative Payment Systems to Reduce Western Dependence BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov. […]

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Russia’s Supreme Court Moves to Classify Crypto as Property

Russia’s Supreme Court Moves to Classify Crypto as PropertyRussia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets. Russia’s Supreme Court Advances Crypto Legalization Efforts Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its latest efforts focusing […]

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Russia’s Wealth Chief: Biden’s Policies Crushed US Dollar While Strengthening Moscow

Russia’s Wealth Chief: Biden’s Policies Crushed US Dollar While Strengthening MoscowBiden’s sanctions weakened the U.S. dollar, cost American companies $300 billion, and made Russia more self-reliant, a top Russian investment official said. Effects of Biden’s Economic Policies and Sanctions on Russia Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), criticized the economic policies of former U.S. President Joe Biden, asserting that they […]

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Russian Bitcoin Mining Ban Yielding Results in Siberia

Russian Bitcoin Mining Ban Yielding Results in SiberiaThe bitcoin mining ban imposed by Russian authorities has helped reduce the load on the Siberian power grid, thereby avoiding potential power rationing and restrictions necessary to preserve the region’s outdated energy infrastructure. Ministry of Energy: Russian Bitcoin Mining Ban Already Positive For Siberia While controversial at first, the ban on bitcoin mining that the […]

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Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining

Russian Power Company Reports  Million Loss Due to Illegal Crypto MiningRussian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network congestion, equipment damage, and criminal investigations. Unauthorized Crypto Mining Results in Heavy Losses For Rosseti Russian electricity provider Rosseti has reported $14 million (1.3 billion rubles) in damages from illegal cryptocurrency mining in […]

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Hungary’s Economy Rises as US-Russia Talks Fuel Market Optimism

Hungary’s Economy Rises as US-Russia Talks Fuel Market OptimismHungary’s economy is rebounding as potential peace talks between Russia and the U.S. fuel market optimism, with leaders stressing the financial benefits of diplomatic progress. Hungary’s Economy Gains as Peace Talks Show Promise Diplomatic developments often have a significant impact on financial markets, and Hungary’s economy appears to be responding positively to news of potential […]

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Visa and Mastercard Could Make a Comeback in Russia

Visa and Mastercard Could Make a Comeback in RussiaVisa and Mastercard may attempt a comeback in Russia, but the country’s financial system has already moved on. Could they reclaim lost ground, or is it too late? Visa and Mastercard May Be Returning to Russia Visa and Mastercard may attempt to re-enter the Russian market, according to Anatoly Aksakov, head of the State Duma […]

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Russia Declares SWIFT ‘Dying’ as Crypto Reshapes Finance

Russia Declares SWIFT ‘Dying’ as Crypto Reshapes FinanceRussia claims it can reconnect to SWIFT anytime but questions its relevance as digital finance evolves. Could SWIFT become obsolete as BRICS nations develop alternatives? Russia Calls SWIFT Obsolete—Is Crypto the Key to the New Financial Order? Russia claims that it has the technical ability to reconnect to the Society for Worldwide Interbank Financial Telecommunication […]

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BRICS Set to Dominate 40% of Global Economy by 2030, Russian Official Says

BRICS Set to Dominate 40% of Global Economy by 2030, Russian Official SaysBRICS is set to dominate 40% of the global economy by 2030, while the West’s share shrinks to 27%, Russian Economic Minister Maksim Reshetnikov said. Global Power Shift: BRICS Economy Surges While the West Faces Sharp Decline The BRICS alliance is poised to reshape the global economy, with projections indicating it will account for around […]

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Russia Prioritizes BRICS and G20, Calls G7 ‘Outdated’ and Irrelevant

Russia Prioritizes BRICS and G20, Calls G7 ‘Outdated’ and IrrelevantRussia is turning its back on the G7, calling it outdated, and shifting its focus to BRICS, SCO, and G20 as the new pillars of global influence. Russia Chooses BRICS and G20 Over ‘Outdated’ G7 Russia is prioritizing BRICS, the Shanghai Cooperation Organization (SCO), and the Group of Twenty (G20) over the Group of Seven […]

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