The European Union outlined that certain Russian and Belarussian companies and individuals are expelled from trading cryptocurrencies with the EU.

Key Takeaways:

• U.S. imposes additional sanctions on Russian elites, along with their family members, companies, and personal vehicles
• Actions targeting the defense sector and Russian government-affiliated media outlets signal the expansion of U.S. sanctions to new industries
• SWIFT access to be denied to seven Russian banks on March 12, 2022
• New export controls target Belarus and further restrict export of items that use encryption to Russia and Belarus

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The post Russia and Belarus Sanctions Update – March 7, 2022: U.S. Sanctions, Export Restrictions Escalate as Conflict in Ukraine Continues first appeared on IPO, Then What?.

The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country. Card Payment Giants Visa and Mastercard Add to Pressure on Russia Over Ukraine […]

Following the negative effect of the sanctions on Russian stocks, eToro informed its customers it is delisting Magnit PJSC. eToro forced liquidated positions of Magnit, one of the largest supermark...

. Visa and Mastercard announced on Saturday that they are suspending operations in Russia within the next several says. Cards that were issued in Russia will cease working outside of Russia.

Anonymous, a well-known cyber group, is said to have offered Russian troops bitcoin in exchange for their tanks. For each surrendered military vehicle, the gang [...]

Sberbank, which is the largest Russian lender, confirmed its decision to withdraw from the European markets on Wednesday due to the mounting pressure on its operations from western sanctions.

Some Russian users trying to deposit fiat or purchase digital assets on crypto exchange Binance stumbled upon a warning message today, informing them that local bank cards are currently not supported.

The post Binance reportedly suspends fiat deposits via some Russian-issued bank cards appeared first on CryptoSlate.

The intercontinental hacker collective – Anonymous - will reportedly pay $52,000 in BTC for a surrendered tank.

Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant […]

Key Takeaways:

• The initial wave of sanctions targeted Russian banks and the financial industry plus individual “inner circle” elites, with more sanctions likely to follow in the coming weeks as events unfold.
• Broad restrictions on debt and equity transactions with certain entities in the Russian financial, energy, and infrastructure sectors.
• Expanded export controls, including foreign-direct product rule restrictions, new license requirements, and Entity List designations impact a wide range of exports to Russia.…

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The post Review of Sanctions and Export Controls Imposed in Response to Russia’s Invasion of Ukraine first appeared on IPO, Then What?.

The Russian banking system is at risk of crashing down after being kicked out of SWIFT and sanctioned with a foreign subsidiary already verging on bankruptcy. Sberbank’s stock price on...