30 Sep 22 @ 09:00

The US has been applying considerable pressure on countries it sees as helping Russia evade the sanctions placed on it due to its invasion of Ukraine. This week, three Turkish... read more

09 Aug 22 @ 10:29

The US has imposed sanctions on Tornado Cash, a crypto “mixing service” that they say has laundered more than $7 billion over the past three years and helped North Korean... read more

06 May 22 @ 09:00

Alongside a host of other Western companies, PayPal, Mastercard, Apple and Visa have pulled out of the Russian market following Russia’s invasion of Ukraine, with major banks such as JP... read more

21 Apr 22 @ 09:33

Just as the European banking sector started to see some attractive tail winds pushing it along, the first since the crisis in 2008, Europe is now on the brink of... read more

10 Mar 22 @ 15:35

One of Italy’s major banks, UniCredit, has issued a stark warning that it may have to face losses of about €7 billion in an “extreme scenario” whereby its entire Russian... read more

08 Mar 22 @ 15:57

Coinbase says it has blocked over 25,000 wallet addresses related to Russian individuals or entities that it believes to be engaging in illicit activity. The blocked addresses represent about 0.2%... read more

01 Mar 22 @ 09:09

Sberbank European subsidiaries are on the brink of collapse warns the European Central Bank as Russia’s largest bank face failure because of the impact of sanctions. Shares fell heavily at... read more

23 Feb 22 @ 13:04

Just as the European banking sector started to see some attractive tail winds pushing it along, the first since the crisis in 2008, Europe is now on the brink of... read more

29 Jan 20 @ 17:42

Fenergo released its findings on financial institution fines which shows that in December 2019 global penalties totalled $36 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions... read more

17 May 18 @ 11:10

The Swift network, whose financial messaging system facilitates cross-border payments, has been caught in the middle of the US and EU showdown over how to handle one of the linchpins... read more

21 Mar 14 @ 11:12

As the Russian stock market collapses in the wake of US sanctions, closely followed by the EU,  Visa Inc and MasterCard Inc have stopped, without notification, providing services for payment... read more

26 Jun 25 @ 11:07

A new rouble-pegged cryptocurrency, A7A5, has quietly become a potent tool in Russia’s efforts to circumvent Western sanctions — moving $9.3bn in transactions within four months of its February launch.... read more

26 Jan 23 @ 14:00

Local Russian news outlets are reporting that Russia and Iran are considering a stablecoin collaboration to skirt financial and economic restrictions imposed by the US, EU, UK and other countries,... read more

30 Aug 22 @ 15:21

Citibank has been forced to shut down its consumer and local commercial banking operations in Russia after it proved impossible to find a buyer for the businesses. The bank announced... read more

12 Aug 22 @ 13:29

The Central Bank of the Russian Federation wants the government to order state companies to convert their foreign-exchange holdings into the currencies of countries that haven’t joined sanctions imposed by... read more

20 Apr 22 @ 12:06

Russia has said it will take legal steps to recover $300 billion of its foreign currency reserves frozen by international sanctions in a bid to overturn one of the hardest... read more

25 Mar 22 @ 11:02

Deutsche Bank was the first to go of the big European banks, officially announcing it will shut down business in Russia due to the ongoing invasion of Ukraine. Now, BNP... read more

14 Mar 22 @ 13:22

Russia’s attack on Ukraine and the resulting economic sanctions have already impacted European banking in several ways, many of which are indirect. One potential impact is in the form of... read more

07 Mar 22 @ 10:01

Visa, Mastercard and American Express have suspended operations in Russia. The decision followed a request by Ukraine’s President Volodymyr Zelensky and threatens to further isolate a Russian economy facing crippling... read more

07 Mar 22 @ 09:36

Just days after Sberbank announced its collapse in Austria and subsequent withdrawal from the European banking sector, VTB Bank has also announced it will quit Europe. VTB Bank is Russia’s... read more