Finances

You can buy cryptocurrency through an intermediary, while it is not legalized in Russia.

The Bank of Russia has suspended the purchase of gold from credit institutions.

Crimean Senator Olga Kovitidi said that the issue of tougher penalties for buying and selling foreign currency on the black market is likely to be discussed soon.

The freezing of foreign currency accounts of the Central Bank can be regarded as the desire of the West to create an artificial default in Russia.

The State Duma proposed to create a register of commercial structures that left the Russian market or suspended work on it for political reasons.

At the moment, the company's tools allow identifying addresses used to circumvent sanctions in the Ethereum blockchain and EVM-compatible networks (Polygon, Avalanche).

On March 10, the American fast transfer system Western Union announced the suspension of its work in Russia and Belarus.

The dollar exchange rate in the first minutes of trading on the morning of March 10 fell by 4.2% (almost 5 rubles), to 115.02 rubles.

Visa and Mastercard payment system cards issued in Russia have stopped working abroad and in foreign online stores.

Department of Economic Cooperation of the Russian Foreign Ministry said that Russia is reducing the use of the dollar in foreign exchange reserves and external accounts against the backdrop of sanctions.

The Bank of Russia introduces a temporary procedure for operations with cash currency, according to the website of the regulator.

The press service of VTB in the official Telegram channel reported that previously issued plastic cards of the bank, including Visa and Mastercard payment systems, will be valid indefinitely.

The Russian bank "Tinkoff" has limited cash withdrawals from its ATMs. 

Anti-Russian sanctions are likely to “wash out” foreign business if Russia provides the necessary economic growth under pressure, political analyst Sergei Markov told NEWS.ru.

On March 1 and 2, after raising deposit rates to 21%, Russians placed more than 1 trillion rubles in Sberbank.