Venezuela's economy is now heavily reliant on cryptocurrency, especially USDT, due to years of economic struggles and international sanctions. This shift has created a complex situation where crypto helps people but also risks breaking sanctions. The country's informal crypto markets are booming, w
Europe is looking to reduce its dependence on American tech. This move comes after a series of events that highlighted the risks of relying heavily on US technology. The spark came when the US government took action against Karim Khan, the head of the International Criminal Court. The ICC had issued
The Iranian rial has hit a new low, with one U. S. dollar now worth over a million rials. This drop happened as the country returned to work after a holiday. The exchange rate had already been falling during the Persian New Year, but it fell even further when trading resumed. In Tehran, some traders
Russia was notably absent from the list of countries facing new trade tariffs from the US. This omission has sparked various reactions and interpretations. Some Western observers expressed disappointment, seeing it as a sign of favoritism. However, the reality is more nuanced. Existing US sanctions
Vladimir Putin has come clean about the economic struggles Russia is facing. The Russian president admitted that sanctions and worker shortages are causing problems in the economy. This comes after Russia's Central Bank raised interest rates to a whopping 21%. That's even higher than the emergency r
After Russia invaded Ukraine in 2022, Cyprus' banks saw a big drop in business with Russian and Ukrainian companies. They lost around 13,000 clients and 35,000 accounts, totaling about 2 billion euros. This happened because of sanctions from the U.N., EU, U.S., and UK against Russia. The number of
