Stories from moscow · Russia

He was known for his pioneering work in the field.

The Russian government has approved draft projects concerning the circulation of cryptocurrencies. Non-qualified investors may face restrictions on crypto trading. Russia is considering legalizing and controlling cryptocurrency circulation. A lawyer warned of fines for illegal crypto operations, and there are considerations to limit non-qualified investors in the Russian crypto market. The Russian stock market is showing signs of fatigue but is expected to gain a "second wind." The head of Mosbirzha stated that optimism is building up. The bank's stance on cryptocurrency regulation and miner losses was discussed in recent market events. This initiative seeks to legitimize crypto operations within the country. Russia intends to legalize cryptocurrency operations while simultaneously strengthening control over them.

Analyst Natalia Milchakova attributes Russia's gold sales to a budget deficit of 4.6 trillion rubles, stemming from low oil and gas revenues. The country may need to utilize foreign currency reserves due to weak exports.

Ten Russian oil refineries have been hit by Ukrainian drone attacks in the first 20 days of May. This action is attributed to intercepted Russian documents. The targeted facilities were located in Moscow, Ryazan, Perm, and Kirishi in Leningrad Oblast. Ukrainian defenders have reportedly destroyed or stopped operations at major oil refineries in central Russia, including the Tuapse refinery. One of Russia's largest oil refineries has partially shut down following a Ukrainian drone strike. Ukraine has hit 10 Russian oil refineries, with 6 knocked out of operation as part of an escalating deep-strike campaign. The attacks are part of ongoing efforts related to the Ukraine War.

Russian President Vladimir Putin stated that the Russia-China alliance serves as the premier example of modern international relations. This project is part of a broader initiative to expand transport ties and trade between the two nations. Russian President Vladimir Putin arrived in Beijing on May 19th for a state visit.

Russian technology giant Sberbank is planning to use Chinese AI chips to power its GigaChat artificial intelligence model.

Russian lawmakers are considering a draft law to legalize and strengthen control over cryptocurrency operations. The Russian government has approved draft bills to regulate cryptocurrencies.

A Ukrainian woman has been sentenced to 12 years in prison in Moscow for providing financial support to Ukraine's army through 78 money transfers and drone purchases. Her Russian accomplice received a 14-year sentence.

Russian President Putin is reportedly leveraging strategic nuclear weapons, including autonomous nuclear torpedoes, hypersonic systems, and space technologies. This is part of a broader discussion on strategic weaponry.

TikTok has banned a number of bloggers, some with millions of followers, for advertising a Russian college that teaches drone assembly. The platform's actions target content related to Russian military technology.