Stories from Russia

The Russian State Duma has approved a bill regarding the seizure of cryptocurrency from citizens, while the government has proposed a new bill to launch a legal cryptocurrency market. The legislation aims to address illegal crypto circulation, which is being moved toward criminalization in the Russian Federation. Russian Economic Development Minister Maxim Reshetnikov stated that importing migrants into the country must be done in limited and reasonable volumes. He noted that while migrants are necessary, ensuring economic growth will be difficult without them. The statement comes amid public outcry regarding the perceived unfair distribution of housing certificates to migrants. Russian sources reported that enemy losses on key directions of the special operation exceeded 1,000 people within a 24-hour period.

The State Duma has passed a bill aimed at legalizing cryptocurrency operations and digital rights within the Russian Federation. This legislative step follows significant market volatility where Bitcoin saw double-digit percentage losses in late January 2026. The Moscow Exchange may potentially begin trading cryptocurrencies as early as 2027. Current methods typically involve converting crypto into rubles before proceeding with standard purchase schemes. Intermediate transaction models are being studied, drawing on experiences from Dubai, certain European countries, and Belarus.

A video from a refinery in the Tuapse region of Krasnodar, Russia, shows the entire facility engulfed in flames. On Tuesday, authorities began evacuating residents living near the burning refinery. The number of personnel involved in the liquidation of fire consequences in Tuapse will be increased by 300 people on Wednesday. Local reports indicate oil is leaking into a nearby river, raising concerns of an ecological catastrophe. EMERCOM head Alexander Kurinkov stated that six municipalities in Kuban will provide assistance. Specialists are working to prevent oil from entering the Tuapse River. Local authorities reported collecting more than 4,000 cubic meters of residue, according to the State Information Agency TAS. Ukrainian forces have been targeting Russian export capacities to reduce war funding.

Russia is moving toward halting oil flows to Kazakhstan, a decision that threatens regional energy security and supply stability. The shrinking reserve is identified as a primary problem for the Bank of Russia. The trend has been observed during almost every meeting over the past year. The Association of Tour Operators of Russia reports that inbound tourist traffic to Russia is expected to decrease by 7% this year. The decline is projected to result in 12.5 million trips. The association attributed the expected reduction to the ongoing conflict in the Middle East. The Russian Ministry of Health reported that new HIV cases have decreased since 2016 and reached a historical minimum. Last year, 43,000 new cases were identified, which is an 11% decrease compared to 2021. Nearly 40% of Russians have undergone testing for the infection.

Rosstat has recorded a record-breaking crisis of non-payments in the Russian economy totaling 8.2 trillion rubles. Regions are instructed to cut expenses to achieve this goal. This directive comes as the Kremlin responded to statements by the US President regarding communication with the Russian president. The government initially planned a deficit reduction to nearly 2 trillion rubles but has now set a target of 1 trillion rubles. Regions are recommended to cut spending, eliminate ineffective subsidies, and move businesses out of the shadow economy. Measures to reduce deficits will likely target the wealthiest regions to avoid cutting social spending. Finance Minister Siluanov noted the deficit represents a percentage of GDP. Swedish intelligence reports suggest Russia is heading toward a financial catastrophe despite increased oil revenues from the Iran war.

Russia has issued a formal critique regarding the strengthening of nuclear capabilities in the United Kingdom and France. Russia, the United States, France, Great Britain, and China are identified as the five nuclear powers that control their respective arsenals. Russia's Foreign Ministry criticized the US withdrawal from the Joint Comprehensive Plan of Action regarding Iran's nuclear program. Russian officials stated that Iran's enrichment of uranium to 60% has created a crisis in the Middle East. US President Donald Trump's stance that Iran should not possess nuclear weapons was noted, but the agreement's terms were questioned by Russian foreign ministry statements. This comes amid discussions about stable US-China relations and China's growing influence. Bilousov said that Russia considers attempts by non-regional players to establish a presence in Central Asia to be unacceptable.