Russia's parliament has passed a new bill that exempts issuers of cryptocurrencies and digital assets from canceling value-added tax (VAT) on "certain basic taxes."
The new bill also establishes a “tax rate of 13 % for Russian companies and 15 % for foreign ones on income taxed from digital…
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Russia
The EU requires its States to load 80 % of their gas deposits
The European Union (EU) decided to officially adopt the regulation that establishes that community gas tanks must be loaded to at least 80 % of their capacity by next fall, and also requires sharing the tocks between the EU countries with…
Ukraine’s GDP fell in the first quarter of the year
The Gross Domestic Product (GDP) of Ukraine registered a contraction of 19.3 % in the first quarter of 2022 compared to the previous three months, according to the operating estimate of the State Statistical Service of Ukraine.
Compared to…
Ukraine invasion uncovers phishing attacks
The conflict between Russia and Ukraine has changed the cybersecurity threat landscape, with ransomware attacks also targeting Russian actors, the rise of scams exploiting support for Ukraine, and the return of malware such as Emotet and…
Russia increases its grain reserves by 20 %
The president of Russia's largest grain union, Arkady Zlochevsky, said his country has increased its grain reserves by 20 percent compared to last year as a result of sanctions imposed by Western countries.
"Our reserves are 20 % higher…
Russia asks to pay its debt with rubles
The Russian Ministry of Finance, Anton Siluanov, expressed his willingness to continue to service all the country's sovereign debt obligations, although he warned that he will be forced to make payments in rubles, after the Treasury's…
EU proposes using Russian assets to rebuild Ukraine
Lithuania, Latvia, Slovakia and Estonia presented a joint proposal to use the frozen assets of the Russian central bank in countries aligned with the European Union for the reconstruction of Ukraine, an amount that the Lithuanian Finance…
Italian oil company opens ruble accounts to pay for Russian gas
The Italian oil company Eni announced the opening of bank accounts in euros and items in the Russian financial entity Gazprombank in order to carry out the necessary transactions for the supply of Russian gas and thus comply with the new…
Google Russia to file for bankruptcy after Kremlin blockade
Google's subsidiary in Russia plans to file for bankruptcy and abandon its operations in that country after the authorities have seized its bank account and record a loss of approximately 409 million dollars in 2021.
In a message…
Russia on track to legalize cryptocurrency payments
The Minister of Industry and Trade of the Russian Federation, Denis Manturov, recently indicated that the country "sooner or later" will legalize payments with cryptocurrencies.
So far this year, the Russian government has been analyzing…
US Treasury Secretary calls for more support from Ukraine
US Treasury Secretary Janet Yellen called on all international partners to increase their financial support for Ukraine, stressing that the support given to date "will not be enough."
"I sincerely ask our partners to increase their…
Coinbase announces blockades in Russia
Major cryptocurrency exchange Coinbase recently announced that it is proceeding to block accounts of citizens of Russia.
Despite this, and as announced by various media, the company indicated that it is willing to allow the withdrawal of…