• Russia’s Sber Bank Files to Launch Its Own Stablecoin

    Russia’s Sber Bank Files to Launch Its Own Stablecoin0

    Sber, Russia’s largest retail bank, has applied for a license with the country’s central bank to issue its own digital token for corporate clients. The digital asset will be available for the companies banking with Sber, which have been expressing interest for blockchain-based deals for some time, a spokesperson from the bank told CoinDesk via

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  • Russia’s big state bank has outsize tech ambitions

    Russia’s big state bank has outsize tech ambitions0

    Sberbank CEO Herman Gref Sberbank CEO Herman Gref On December 1, attendees at Sberbank’s virtual investor day were treated to a short break in the presentation of the Russian market leader’s new three-year strategy. Live footage of senior management enumerating the digital miracles to be achieved by 2023 gave way for five minutes to a

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  • Russia’s oil output plunges to LOWEST in nearly a decade — RT Business News

    Russia’s oil output plunges to LOWEST in nearly a decade — RT Business News0

    Oil and condensate production in Russia fell for the first time in 12 years and reached nine-year lows in 2020, as one of the major global oil exporters supported the historic OPEC+ deal to boost a pandemic-hit energy market. Last year Russia pumped 512.68 million tons of crude and condensate, meaning that the production volume

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