Page 122 - RusRPTOct23

restricted trading in all currencies except the ruble for those living in Russia (and trading in rubles, dollars and euros for those living abroad).
OKX - simply banned all transactions with rubles.
The KuCoin exchange stopped accepting transactions from Sberbank and Tinkoff, which are under blocking US sanctions, and threatened to block accounts if it detects "any activity related to P2P transactions with these two banks." Another popular crypto exchange from the top 5, ByBit, chose a similar strategy: it also lost the ability to buy cryptocurrency from the cards of these two Russian banks. Although, in fact, users noticed that P2P transfers to Tinkoff and Sberbank on the exchange are still possible: some sellers declare other banks as a payment method (for example, Raiffeisen), and in the comments to the transaction they write that they are ready to accept and others. But now to carry out such a deal already, most likely, will not work.
China is set to launch a new state investment fund to raise about $40bn to boost its semiconductor sector as the country increases efforts to catch up with the US and other rivals. It is likely to be the largest of three funds launched by the China Integrated Circuit Industry Investment Fund. Its target of 300bn yuan ($41bn) will surpass similar funds in 2014 and 2019, which raised 138.7bn yuan and 200bn yuan respectively, according to government reports. The funds are expected to go to China's two largest microchip makers, Semiconductor Manufacturing International Corp. and Hua Hong Semiconductor, as well as flash memory chip maker Yangtze Memory Technologies.
Moscow plans to launch cross-border settlements based on blockchain with the use of digital assets, Prime Minister Mikhail Mishustin said at the Moscow Financial Forum on September 28. "We are currently addressing the launch of cross-border settlements based on blockchain technology with the use of digital financial assets and utility digital rights. The government in coordination with the Bank of Russia has drafted a detailed plan on creation of such a system for analyzing legal and technical aspects," he said. This and other measures are expected to provide more possibilities for attracting foreign investments that may seriously ease the movement of capital in the current environment, PM noted.
9.1.9 Tourism sector news
122 RUSSIA Country Report October 2023 www.intellinews.com
The number of Russian tourists who visited Turkey in January-July amounted to 3.5 mln people; by the end of the year, the Russian tourist flow to this country may exceed last year’s by 10-15%, the Russian Union of Tourism Industry said in a statement.