Russia’s largest bank, Sber, announced it will allow stablecoins like USDT and other cryptocurrencies such as Ether and Bitcoin to be used as collateral for loans, following the introduction of a new law that regulates crypto trading in the country.
During the fallout from the Ukraine conflict, traders at Gazprombank’s Luxembourg branch generated multi‑million profits by taking advantage of European Union sanctions imposed on Russia.
Russia’s central bank has moved to legalise the trading of major cryptocurrencies on regulated exchanges after a new law was signed by President Putin, signalling a shift toward formal crypto market oversight.
TotalEnergies, the French energy group, will be able to keep exporting LNG from the Yamal field in Siberia to Asian markets after the EU temporarily lifted sanctions that would have blocked such sales.
The Aughinish Alumina plant in Ireland, tied to Oleg Deripaska, is under increased regulatory scrutiny due to EU sanctions against the Russian oligarch, prompting fears among locals about the future of jobs at the facility.
The head of the Roman Abramovich foundation says the United Kingdom is blocking the foundation’s salary because of a disagreement over the distribution of humanitarian aid linked to Abramovich’s £2.5 billion frozen assets, which were seized under UK sanctions related to the war in Ukraine.
The Greek government is opposing new EU sanctions against Russia to protect Dynagas, a major Greek shipping company owned by George Prokopiou that specializes in transporting liquefied natural gas cargo from Russia’s Arctic LNG operations.
Russia’s Central Bank announced plans to rollout its digital ruble on September 1. EU authorities have already preemptively sanctioned Russia’s digital ruble in 2025 as part of measures responding to Russia’s war against Ukraine.
Huobi Global S.A., operator of the HTX cryptocurrency exchange, has been sanctioned by the UK over allegations of facilitating Russia-linked financial flows through a shadow network known as ‘A7’. New analysis indicates the exchange processed approximately $7.6 billion in high-risk Russia-linked transactions.