With the EAEU's Trade and Economic Cooperation with China coming into effect this year, Russia, with full support of the EAEU countries and BRICS Business Council, is seeking to establish a multinational stablecoin backed by commodities; along with BRICS pay, a cloud platform that will connect the countries' national payment systems through a mobile payment app.
In Soviet times, Russia's centralized electricity plants powered many iron-curtain countries from Romania to Ukraine, and still remains an important player in the global energy system, providing 10% of global primary energy production and 16% of international energy trade.
Russia ranks fourth in the world in primary electricity production, energy consumption and carbon dioxide emissions, as the country is 70% electrified by hydrocarbon energy.
The Russian Natural Resources and Environment Ministry acknowledged that Russia is heating faster than the rest of the world - warming 2.5 times quicker than the planet's average - as wildfires raged across country-size tracts of Siberian forest, followed by extreme flooding.
The lack of compliance implies that Russia will not be auditing its huge inland waterway and deepsea fleets in Russian-controlled waters, which account for 53% of the Arctic Ocean coastline, as it unveils major plans for Arctic oil and gas drilling and shipping.
In 2011, Russia and India launched a scientific-educational satellite called YouthSat to study solar-terrestrial relationships.
Tax policy in Russia and Member StatesRussia taxes 13% of CO2 emissions from energy use.
According to an IMF report, Russia ranks number three in subsidies to the hydrocarbon industry, at $551 billion, and holds the world's largest natural gas reserves.
Russia ratified the Paris Agreement during the longest-ever United Nations climate summit, which ended without a deal to regulate carbon markets.
Amid European Central Bank officials urging European banks to develop a cheaper alternative to Facebook's Libra stablecoin, which could potentially reach 2.7 billion users, Russia is taking the lead in issuing a multinational stablecoin backed by commodities.
Russia Leads Multinational Stablecoin Initiative
Published on Feb 14, 2020
by Cointele | Published on Coinage
Despite the downturn, Bitcoin's fundamentals are growing stronger
Bitcoin took a significant nosedive sending investors into fear, according to the Crypto Fear and Greed Index.
Ripple's battle in court over XRP isn't done yet, threatening its IPO plans
Over the past few years, a class-action lawsuit has been building against Ripple Labs, the San Francisco-based fintech company that is known in crypto for its involvement in XRP. Unfortunately for the upstart, it was unable to get the case thrown out by the federal judge, potentially threatening its intent to go public through the sale of shares in the near future.
IT Exec at Kyiv Prosecutor's Office Illegally Mined Crypto on Office Systems
In Kyiv, Ukraine, investigators have found another example of someone using the systems at their workplace for illicit cryptocurrency mining.
Ahead of Bitcoin Halving, Bitmain Announces Upcoming Antiminer S19
Leading mining hardware manufacturer Bitmain has announced two new upcoming miners - the Antminer S19 and the Antminer S19 Pro.According to a press release on Feb. 27, the Antminer S19 will boast a hash rate of 95 terahashes per second, and the Pro will offer 90 TH/s. However, Bitmain's website claims that the Pro model can produce 110 TH/s.Both miners will have a power efficiency of 34.5+/-%5 joules per terahash.