Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday. “The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the finance ministry’s financial policy department, was quoted as saying. Russian officials are wrestling…
Russia Mulls Allowing Cryptocurrency for International Payments: Ifax
May 27, 2022
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Facts Matter (May 10): $350M in Secret Payments Were Sent to Dr. Fauci Over a 10-year Span: Documents
According to a treasure trove of new documents recently uncovered by a nonprofit watchdog group, Dr. Anthony Fauci and Dr. Francis Collins alongside other scientists at the NIH received an estimated $350 million worth of secret, undisclosed royalty payments. Stay tuned for our newsletter so you won’t miss out on our exclusive videos and private…
Japan Unsure How Russia Will Execute Rouble Payments for Energy Sold to ‘Unfriendly’ Nations
March 24, 2022
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TOKYO—Japan does not know how Russia will handle the required rouble payments for its energy sold to “unfriendly” countries, the finance minister said on Thursday. Japan accounted for 4.1 percent of Russia’s crude oil exports and 7.2 percent of its natural gas exports in 2021. “Currently, we’re looking into the situation with relevant ministries as…
Ball in US Court on Russian Eurobond Payments, Finance Minister Says
March 16, 2022
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The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are possible, Finance Minister Anton Siluanov said. The economic cost of Russia’s actions in Ukraine has been fully exposed as President Vladimir Putin’s sanctions-ravaged government…
Russia Bans Payments to Foreigners Holding Rouble Bonds, Shares
March 2, 2022
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MOSCOW—Foreign investors are effectively stuck with their holdings of Russian stocks and rouble-denominated bonds after the central bank put a temporary halt on payments and major overseas’ settlement systems stopped accepting Russian assets. Moscow is blocking foreign investors, who hold tens of billions of dollars worth of Russian stocks and bonds, from exiting after its…
Bank of America Customers Made $335 Billion in Payments in January
NEW YORK—Bank of America said on Monday its customers made $335 billion in total payments in January, a 17 percent increase over January 2021. Credit and debit card spending was up 16 percent to $65 billion, with credit card spending up 28 percent, the bank said. The strong spending figures are good signs for the…
US Government Could Miss Payments as Soon as Dec. 21: Think Tank
WASHINGTON—A bipartisan think tank warned on Friday the U.S. government could start missing payments on its bills as soon as Dec. 21 if Congress fails to raise the debt limit, as top Democrats and Republicans sought a path around such a financial calamity. The Bipartisan Policy Center’s projection, based on updated official data on tax…
Biden Denies ‘Garbage’ Reports of $450,000 Payments to Illegal Immigrants
November 3, 2021
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President Joe Biden on Wednesday denied reports that his administration is planning to pay $450,000 to families of illegal aliens separated under the Trump administration. “If you guys keep sending that garbage out, yeah. But it’s not true,” Biden told a reporter who asked a question about the matter on Nov. 3. “That’s not going…
Apple Objects to Links to Outside Payments Ahead of Epic Games Hearing
October 30, 2021
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Apple Inc. on Friday outlined its objections to allowing app developers to link to third-party payment options ahead of a hearing next month that could determine whether a set of antitrust court orders is put on pause. After a lengthy trial earlier this year brought by “Fortnite” creator Epic Games, U.S. District Court Judge Yvonne…
Vulnerable US Homeowners Face Uncertainty as Mortgage Forbearance Ends
Close to half a million low-income homeowners in the United States, many of them minorities, are nearing the end of mortgage forbearance plans that allowed them to halt loan payments during the pandemic. The number of borrowers exiting the plans is expected to surge over coming weeks as people who signed up early on in…
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