The move is aimed at halting capital flight from the country, which has been hit with increasingly harsh economic sanctions from the U.S. and Europe after it invaded Ukraine on Feb. 24. A growing list of Western companies, including BP and Shell, have announced plans to halt investments in Russia due to the invasion.
Related posts
-
Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses
The U.S. state of Hawaii’s regulatory sandbox concludes today.... -
Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding
Connect Money, an Egyptian fintech startup, recently secured $8... -
Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says
According to the Money Laundering Risk Assessment Report by...