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RUSSIA'S ECONOMY

Russia’s Finance Ministry to prepare proposals for regulating cryptocurrency

Earlier, the head of Sberbank spoke in favor of legalizing cryptocurrency

© AP Photo/Kin Cheung

MOSCOW, June 8. /TASS/. The Russian Finance Ministry is going to finalize proposals for regulating cryptocurrencies, one of which will be mandatory identification for buyers of electronic money, Deputy Finance Minister Alexei Moiseev told reporters.

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Russia’s Central Bank to develop national cryptocurrency

"Now we are working on it, we believe it is promising. Regarding the regulation, the Ministry of Finance proposes to regulate the turnover of crypto-currencies based on principles that apply to derivatives," he said, adding that the Ministry will present its proposals to the government in a month and a half.

Moiseev also talked about the need for mandatory identification of buyers of cryptocurrencies. "If you want to buy any financial product, you need to show passport, fill out a contract, write that you are not an American taxpayer. The same should apply here," Moiseev said.

Earlier, of Governor Elvira Nabiullina said that the regulator intends to carefully study the principles of the cryptocurrency and only then introduce its regulation.

Deputy Governor of the Central Bank Olga Skorobogatova said that the regulator would develop a national cryptocurrency.

"Regulators of all countries agree that it’s time to develop national cryptocurrencies, this is the future. Every country will decide on specific time frames. After our pilot projects we will understand what system we could use in our case for our national currency," Skorobogatova said at the St. Petersburg International Economic Forum 2017 (SPIEF-2017).

Earlier, Head of Sberbank Herman Gref was in favor of legalizing cryptocurrency.

Bitcoin is the world’s most famous cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009 and since then has been steadily gaining popularity among Internet users. However, recently its situation began to deteriorate due to legislative restrictions imposed in several countries.

Bitcoin is not regulated by any country or banking supervisory authority. It can guarantee complete anonymity of a person or a group of people using it.

Japanese yen rate drops to its lowest against dollar in 34 years

The Japan’s Ministry of Finance announced earlier its readiness to decisive measures in view of the continuing yen weakening

Russia’s top brass reports destroying US-made Hawk air defense system in Ukraine operation

Russia’s Battlegroup South inflicted casualties on personnel and equipment of two Ukrainian army brigades and improved its tactical position over the past day, the Defense Ministry reported

US military aid for Kiev cannot stop Russian army’s advance — North Korean diplomat

The US Congress House of Representatives earlier passed bills on military aid to Ukraine, Israel and Taiwan

Canada allows Airbus to use Russian titanium despite sanctions — Reuters

"Airbus is aware of the Canadian government imposing sanctions on VSMPO and has obtained the necessary authorization to secure Airbus operations in compliance with the applicable sanctions," the company said

Development of Sino-Russian cooperation to be main topic of AmurExpo forum

AmurExpo is the off-site venue of the Eastern Economic Forum

Continued threats to Pyongyang to put US, allies in danger, Kim Jong Un’s sister warns

"We will keep building up overwhelming and strong military capacity to protect our sovereignty and security, as well as peace in the region," Kim Yo Jong said

All those linked to Crocus terrorist attack must be punished — Putin

"Russia’s intelligence services and law enforcement agencies are investigating and scrutinizing every detail of this despicable act [the Crocus City Hall terrorist attack], identifying all parties involved, including instigators, sponsors, and orchestrators," the Russian president stressed

Modern weapons make up 82% in Russian air defense troops — Shoigu

"The Kiev regime has failed to achieve the goals of its counteroffensive prepared by NATO instructors," the defense minister said

Moscow court arrests Deputy Defense Minister Ivanov over bribery case

The court said that Timur Ivanov is accused of receiving a bribe as part of an organized group while performing contracted and subcontracted work for the Defense Ministry

Putin stays in daily contact with Sergey Shoigu, Kremlin spokesman says

Timur Ivanov was arrested by Moscow’s Basmanny Court

Beijing condemns US hypocrisy around Ukraine conflict

Foreign Ministry Spokesman Wang Wenbin reiterated that China "is not an instigator or a party to the Ukrainian crisis and has never fanned the flames of the conflict, not to mention, used the situation for its own purposes"

West’s unwillingness to give up hegemony escalates tensions in world — security official

According to Nikolay Patrushev, this creates conditions for the devaluation of international law and its institutions and the erosion of the UN's central role in resolving global and regional conflicts

Raisi doubts 'Israeli regime' to exist in case of its attack on Iran

"If Israel makes a mistake and attacks Iran, completely new conditions will emerge for it and it is unclear whether anything will be left of the Israeli regime at all," the presidential press service quoted Raisi as saying

Azerbaijanian leader says reaching peace with Armenia by November 'quite realistic'

According to Ilham Aliyev, the option of coordinating a basic agreement is also being considered

Drone crashes in industrial zone in Russian city of Lipetsk

There were no casualties, egional Governor Igor Artamonov said

MGIMO to host third international forum ‘Russia - Africa: What Next?’

The forum’s key topics for discussion include ways to combat fake news, the development of academic tourism, and government support for youth projects and businesses

US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

Republika Srpska president praises Moscow-Banja Luka relations, favors strengthening them

Milorad Dodik also touched upon the topic of sanctions mentioned by Patrushev earlier

Ukraine exhausted, needs constant money flow from outside — defense official

Apty Alaudinov added that if the Ukrainian army received long-range weapons, it might try to attack Russia's civilian infrastructure due to its powerlessness on the front

Russia to incorporate US nuke scenario in Poland in its military planning — diplomat

"Poland’s authorities make no secret of their striving to lean closer on the US nuclear weapons deployed in Europe and are actively using these ambitions in their hostile Russian policy," Maria Zakharova stressed

Switzerland unblocks Russia-related assets worth 290 mln Swiss francs

The total amount of blocked assets of the Russian Federation decreased by 150 million Swiss francs (about $165 million) due to the fact that a number of individuals "were removed from the EU sanctions lists"

Ukrainian troops in Kharkov Region lift antennas with kites to get better signal

Military expert Andrey Marochko speculated that the Ukrainian army had to resort to this tactic because the TV tower in Kharkov was damaged

Ukrainian military’s shelling leaves two civilians wounded in DPR in past day

The Ukrainian armed forces carried out 22 attacks on residential areas in the Donetsk People’s Republic

Over 14,700 residential houses remain flooded in Russia

The source also said that 38,302 Russians have been evacuated from flooded areas and settlements potentially falling into these zones since the beginning of the spring floods

Top Swiss diplomat reiterates need for Russia’s involvement in resolving Ukraine issue

However, Ignazio Cassis declined to comment on Russian Foreign Minister Sergey Lavrov’s recent statement that Switzerland had turned from a neutral country "into an openly hostile one"

Biden administration raking it in from Ukrainian conflict — North Korean diplomat

According to Im Chon Il, Washington's goal is to use the Ukrainian conflict to serve the interests of the US military monopolies and at the same time to subjugate the "puppet regime" of Ukrainian President Vladimir Zelensky

NATO has no plans to deploy nuclear forces in Poland — Stoltenberg

NATO Secretary General did not immediately understand the reporter’s question, forcing the reporter to explain that they were referring to the idea of deploying nuclear weapons in Poland

Four women killed in Zaporozhye Region in Ukrainian drone attack

The local emergencies services stressed that the car was targeted deliberately

Ukrainian army loses 444,000 troops during military operation — Shoigu

According to the Russian defense minister, the liberation of several residential settlements in Donbass, disclosed Kiev attempts to prevent the collapse of the front

Putin proclaims Odessa Russian city, challenges Ukraine's historical narrative

At the same time, the president noted that once upon a time "Vladimir Lenin gave away the whole of Ukraine when he created the Soviet Union"

No damage, casualties after drone attack over Russia’s Kursk Region

Roman Starovoit thanked air defense troops and the regional crisis center and cautioned residents against approaching the drone wreckage if found

Russia invites all countries to develop North - South transport corridor — Putin

"The North-South transport corridor should become an example of the broadest international cooperation," the Russian leader said

Throughput capacity of Baikal-Amur Mainline surging threefold in twelve years

Shipments over the Eastern Range uniting BAM and the Trans-Siberian railroad is to reach 270 mln metric tons per year over the ten-year period, the head of state said

US has no idea what to do about Zelensky — Seymour Hersh

According to the journalist, the decision to conduct the operation was made by US President Joe Biden personally, following nine months of discussions with White House national security advisers

Press review: Dissecting US aid package to Ukraine and sands of global economy shifting

Top stories from the Russian press on Monday, April 22nd

Israel retaliates missile launches from Gaza Strip — IDF

A warning had been issued before the attack calling on people to temporarily evacuate from the area

Musk concurs that civil war looming in West

The US businessman commented on remarks by Gad Saad, a Canadian professor of Lebanese origin, who insisted that "the path that the West is taking will result in civil war"

Biden to sign Ukraine aid bill on April 24

According to a statement released by the White House, the US plans to resume weapons supplies to Kiev this week

Baku cannot turn blind eye to France, India, Greece arming Armenia — President Aliyev

"If we see a serious threat to us, we will have to take serious measures," the Azerbaijani President warned

Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

Russian envoy, authorities of Afghanistan call for unfreezing of Afghan assets

The Foreign Ministry noted that the sides discussed "further development of the diverse bilateral cooperation in political and economic areas, and the establishment of the regional cooperation with Afghanistan within the Moscow format"

Russia’s victory in Ukraine to change course of history in Europe — von der Leyen

Ukraine "is carrying a heavy burden" for the benefit of the EU, and therefore EU member states must "provide Ukraine with means to defend themselves," European Commission president said

Top Russian security official pledges continued push toward global justice

Nikolay Patrushev added that Moscow is happy that its position is received well by most countries, whose delegates are attending a meeting in St. Petersburg

Russia recovers black boxes from crashed Tu-22M3 bomber

According to the law enforcement, the search for the fourth crew member is ongoing

Kremlin vows legal action against US bill on seizing Russian assets

Dmitry Peskov noted that the trial will be "very complex," but will cause severe damage to US economic interests if the US authorities finally approve the bill regarding Russian assets

Most agents at Security Service of Ukraine set on war with Russia — former officer

Vasily Prozorov said that "it is extremely difficult to count on any better judgement on their part"

US can ship weapons to Ukraine within few days if funding approved — Pentagon

Detained deputy defense minister suspected of taking grand bribe of over $10,000

This charges carries a punishment of up to 15 years behind bars

Press review: GOP tussles over Ukraine bill and Putin, Aliyev talk partnership

Top stories from the Russian press on Tuesday, April 23rd

Radicals, intel services behind terror attacks in various countries, says Putin

The tactics employed by these criminals are becoming increasingly complex and barbaric, the Russian leader pointed out

Press review: NATO flexes muscles near Russian border and South China Sea runs hot

Top stories from the Russian press on Wednesday, April 24th

Gagauzian leader on unity of Moldova’s opposition, ability to watch Russian TV channels

Yevgenia Gutsul underlined that Gagauzia plans to start exporting products to Russia in the near future

Conflict in Ukraine can be over by end of 2025, Hungary’s Orban believes

Prime Minister said that it is possible if proponents of peace, not war, win the June elections to the European Parliament and the US Presidential elections in November

US Senate approves aid bills for Ukraine, Israel, Taiwan

As many as 79 senators backed the initiative and 18 voted against

Energy facilities catch fire in Russia’s Smolensk Region following drone attacks

Governor Vasily Anokhin added that rescuers from the Russian Emergencies Ministry were dealing with the aftermath of the Ukrainian drone attacks

Russian-Kazakh commission discusses border demarcation issues

The next meeting of the commission will be held in Moscow in May

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Ukraine lost best fighters near Artyomovsk, retired general says

Sergey Krivonos added that relocation of troops from one direction to another will not solve Ukrainian forces’ problems, and that each fighter should be used according to their specialization

US stops hiding true purpose of sanctions on Moscow, Russian envoy says

"It’s not about any mythical aspirations to resolve the conflict in Ukraine, but about banal opportunistic and predatory ambitions," Anatoly Antonov said

Speakers of EU parliaments back idea of creating rapid response forces

The speakers praised the EU initiative to have its own military capability to "defend the security of its people, their interests and democratic values"

Senior Russian diplomat, Chinese special envoy discuss Israeli-Palestinian conflict — MFA

The meeting took place on the sidelines of the BRICS deputy foreign ministers and special envoys for the Middle East and North Africa consultations

Russian deputy defense minister detained on suspicion of bribe-taking

"Russian Deputy Defense Minister Timur Vladimirovich Ivanov was detained on suspicion of committing a crime under part 6, article 290 of the Russian Criminal Code," the Russian Investigative Committee said

One more Ukrainian drone shot down over Belgorod Region — defense ministry

The Kiev regime’s attempted terrorist attack on facilities in Russia’s territory with the use of a fixed-wing unmanned aerial vehicle was thwarted

US authorities prepare military aid for Ukraine worth $1 bln — Reuters

The aid package includes vehicles, Stinger man-portable air defense system munitions, HIMARS rockets, 155-mm artillery shells, TOW and Javelin anti-tank missiles and other weapons that could be "used at the battlefield immediately"

Network of international conspirators plotted Crocus terrorist attack — watchdog

Yury Chikhanchin pointed out that the perpetrators of the attack were provided with money, weapons, transportation and ammunition

Putin’s inauguration to take place on May 7, senator says

According to the law, the president-elect takes office for six years

Ukrainian presidential office confirms London’s agrement to Zaluzhny as ambassador

Verkhovna Rada legislator Alexey Goncharenko said on Monday that the UK had granted its agrement to the Ukrainian former Commander-in-Chief

Moscow slams NATO drills near Russian borders as inflammatory

"It is obvious that the upcoming combat training on the territory of Finland is part of a hybrid war against our country," Maria Zakharova said

Russia seeks to break down barriers for its food exports — MFA

Sergey Vershinin recalled that Russia suspended its participation in the Black Sea initiative for the export of grain and food due to the fact that it could not be implemented in the original volume

Gaza settlement crucial for Islamic world, Erdogan believes

In his opinion, it would be a mistake to view the Gaza issue solely from the perspective of October 7, 2023, when the Palestinian-Israeli conflict sharply escalated

Russia has significant amount of West’s funds in case of confiscation of its assets

Russia views the West’s encroachment on its assets as "a blatant and shameless theft for the purpose of lining its pockets," Maria Zakharova noted

Russia maintains position on 'buffer zone' in Ukraine to counter missile threats

Dmitry Peskov added that the issue of fighting against long-range weapons being supplied to Ukraine and potential strikes on the areas where they are concentrated "is rather under the purview of <…> the armed forces"

US using human rights topics to shake political situation in Russia — embassy

"Attacks against Russia mainly focused on challenging the legality of the special military operation in Ukraine", the Russian embassy said

Top Russian security official praises Republika Srpska’s principled position on Ukraine

"In this context, we particularly appreciate the principled position against joining the sanctions regime, your firm and consistent line on the Ukrainian crisis is particularly valuable for us," Nikolay Patrushev pointed out

West battlegroup destroys two Ukrainian drones, hit over 170 Ukrainian army’s facilities

The battlegroup’s spokesman Ivan Bigma said that a Gvozdika self-propelled system, nine mortar squads, two Furiya fixed-wing type unmanned aerial vehicles were destroyed

Chinese car plant to start production at former Mercedes site in Moscow region in May

Earlier it was reported that the German automobile concern Mercedes-Benz plans to sell its enterprise located in the Solnechnogorsk district of the Moscow region

Russia and friendly countries produce almost 90% of components for Aurus cars — NAMI

"We developed this car in close cooperation with European, Korean and other foreign partners, but due to certain events we had to abandon this cooperation," Alexander Lebedev pointed out

Russia scraps plans to hold Immortal Regiment march in 2024 amid security threats

This year, the May 9 festivities will take the form of other events, Yelena Tsunayeva noted

Armenia’s decision on CSTO membership its sovereign choice — secretary general

Commenting on the possibility of a confrontation between Armenia and the CSTO amid Yerevan’s remarks on its aspiration to leave the organization and get closer with NATO, Imangali Tasmagambetov noted that such a scenario is "merely hypothetical"

Russian troops destroy four boats with Ukrainian assault force on Dnieper River

Russia’s Dnepr Battlegroup inflicted casualties on the 141st, 65th and 128th brigades of Ukrainian armed formations, delivered strikes on temporary deployment sites, military hardware and artillery positions of the Ukrainian army on the right bank of the Dnieper River, Vladimir Saldo said

North Korea’s economic delegation leaves for Iran — agency

According to Yonhap news agency, the trip may be related to the two countries’ plans to boost military ties

Ukrainian forces refuse to obey Commander-in-Chief Syrsky — CIA ex-analyst

Larry Johnson also noted that the Russian forces manage to advance recently despite the slush on the roads

Russia presents world’s first hydrogen-fueled luxury car at Innoprom exhibition

The unique vehicle was built on the basis of the Aurus Senat luxury car

UN chief describes current state of climate as ‘preview of disaster’

Antonio Guterres stressed that the world community must reduce global greenhouse emissions by 43% by 2030 compared to 2019

Ukrainian connection to Crocus terrorist attack undeniable — ex-SBU officer

Vasily Prozorov noted that the perpetrators could have been eliminated once they crossed the border

Weapons for new US package for Kiev yet to be found — Ukrainian ambassador

Oksana Markarova explained that $4 billion worth of weapons that was to be provided under the previous decisions still remained undersupplied

NATO makes Russia its neighbor by expanding eastward, Russian envoy says

Earlier, NATO Secretary General Jens Stoltenberg claimed that increased payments to the bloc’s budget were the cost of having Russia as a neighbor

Russia ready to cooperate with all interested partners to ensure security — Putin

The Russian leader expressed confidence that the the 12th International Meeting of High Representatives for Security Issues "will bolster cooperation for the mutual benefit of our countries and peoples"

Russia tasked with 'building new world' — Putin

Speaking at a plenary session of the Valdai Discussion Club, the Russian leader also highlighted "the role and responsibility" of its members

Hamas threatens that hostages remaining in Gaza may go missing

Spokesman for the Izz ad-Din al-Qassam Brigades Abu Ubaida emphasized that at the moment "the ball is in the court of Israel's allies," but "time and opportunities are limited"

US arms supplies unable to change situation in Kiev's favor — Kremlin

Dmitry Peskov pointed out that a year ago the opponents "were telling everyone that they were waiting for the moment Russia would be defeated on the battlefield"

US expert says more ATACMS won't alter battlefield dynamics in Ukraine

"There is no magic weapon, there is no series of weapons that could change this" situation for the Ukrainian armed forces, Scott Ritter said

EU may sanction 10 firms for allegedly shipping weapons tech to Russia — Bloomberg

According to the agency, the companies being assessed for potential sanctions are based outside Russia but have links to Russian and Belarussian individuals and firms

Mexicans, Colombians recruited in US jails to be deployed in Ukraine — SVR

Russia’s Foreign Intelligence Service said that in case the inmates agree to this "mission," "they are promised full amnesty, reckoning they would never come back"

France preparing contingent of 2,000 troops to be sent to Ukraine — intelligence chief

According to Sergey Naryshkin, the French military "fears that such a large military unit cannot be transferred and stationed in Ukraine unnoticed"

Global community changing tune about how Ukraine conflict started — security official

According to Nikolay Patrushev, these countries "understand perfectly well who is financing" the Kiev regime

Russian forces take Ukrainian strongholds near Klescheyevka under control

Apty Alaudinov posted a drone video footage of elimination Ukrainian personnel and Russian forces capturing enemy trenches

Destroyed TV tower in Kharkov carried Ukrainian air defense coordination device — official

Digital TV signal interruptions are now observed in the city

World needs unified norms in cyberspace — Putin

The Russian president said that this subject was of importance for all nations, as it significantly contributes to ensuring national security, social stability, and economic development

Calls for joint use of nuclear weapons with US dangerous — ICAN

The organization believes that the states that deploy nuclear weapons on their territory are "consenting to be party to mass murder of civilians"

Putin informed about detention of Deputy Defense Minister Ivanov

Minister Sergey Shoigu was also informed beforehand, Russian Presidential Spokesman Dmitry Peskov said