The National Bank of Ukraine (NBU) called on Visa and Mastercard to stop servicing their payment cards issued by Russian banks after the Central Bank of Russia (CBR) said cards issued by six Russian banks would “work throughout Russia without restrictions” despite sanctions, per NFCW.

This may be driven by concerns that crypto is being used by Russia to evade financial sanctions imposed after its invasion of Ukraine and recent high-profile cases of crypto crime. The big takeaway: The order doesn’t offer a timeframe and it’s hard to predict when oversight will become law. But it’s clear that big changes are on the way for US crypto regulation.

Batten down the hatches in 2023: Russia’s war in Ukraine distracted some Russia-based ransomware operators in the first half of 2022, the ITRC reported, but they got back to business in the second half of the year. Even with the Hive network shut down, healthcare providers have three major vulnerabilities to protect in 2023, per Security Magazine. 1. Third-party vendors.

It comes in the wake of an executive order limiting foreign investment in US tech companies and the ban of advanced semiconductor exports to China and Russia. Although the CFIUS usually investigates investments by foreign nationals, it might consider a US citizen’s business dealings fair game given heightened sensitivities around national security.

Escalating conflict between Ukraine and Russia could affect the energy crisis. The US, Ukraine, and their allies are warning that Russia is poised to invade Ukraine. If Russia invades, some fear the Kremlin could use its dominant position as the leading energy supplier in the region as leverage over other countries.

Market turmoil: In Q1 2022, PayPal lowered its 2022 guidance and reevaluated its medium-term outlook due to macroeconomic factors, including inflation, supply chain pressures, the Russia-Ukraine war, and PayPal’s boycott of Russia.

Russia: 29.0%. Mexico: 28.9%. Canada: 28.5%. Brazil: 27.9%. Argentina: 26.9%. UK: 25.0%. Italy: 24.3%. Spain: 24.0%. France: 23.1%. Germany: 20.2%. Japan: 18.6%. How Social Commerce Stacks Up Across the Social Platforms. “Social commerce” is an umbrella term for a variety of different shopping experiences on social media.

The Russia-Ukraine war and growing China-Taiwan tensions may prolong existing semiconductor supply chain issues. At this year’s meeting, the US-EU Trade and Technology Council concluded that government agencies and industry leaders must bring semiconductor manufacturing onshore and increase investment in its research and development.

What PayPal said: CEO Dan Schulman said on the company’s earnings call that inflation, supply chain pressures, the war in Ukraine, and PayPal’s boycott of Russia all hurt Q1 performance. The company lowered its 2022 guidance and was reevaluating its medium-term outlook accordingly, he added.

The continent’s energy crisis driven by climate change and insecure natural gas supplies from Russia has triggered higher prices, industry shutdowns, and hindered data center operations. An influx of non-traditional VC investors from the US, which contributed to Europe’s inflated startup valuations over the past year, are now backing out due to the downturn.

The fallout of three recent developments could make or break US banks’ bottom lines, Citi CEO Jane Fraser said at a conference in June: the Federal Reserve’s aggressive interest rate hikes, the Russia-Ukraine war, and the threat of a recession.

Methodology: eMarketer estimates for US dollar ad spending include the impact of the weaker local currency in 2022 for the UK, Eurozone, Argentina, Turkey, and Russia.

Methodology: eMarketer estimates for US dollar ad spending include the impact of the weaker local currency in 2022 for the UK, Eurozone, Argentina, Turkey, and Russia.

Additionally, two surveys were conducted during August and December 2021 among roughly 1,000 respondents each in Argentina, Australia, Brazil, Canada, China, Colombia, France, Germany, Japan, Mexico, Singapore, Spain, and the UK, as well as two surveys conducted during February and May 2022 among those same countries plus India, Italy, Russia, and South Korea.

Western Europe, Turkey, and Russia all produced deeply negative rates of overall ad spending growth in 2022, but all will bounce back at least marginally in 2023. Some of these wild swings were caused by—or exacerbated by—2022’s abnormally disruptive fluctuations in exchange rates.

The Russia-Ukraine war is having reverberating effects in Latin America. While Russia is not a major trading partner for the whole region, the war has still disrupted international trade and exacerbated supply chain issues worldwide. These include product shortages and shipping delays, which, in turn, are driving up prices for consumers in Latin America.

But given the Russia-Ukraine war and worsening economic conditions, we now forecast even lower growth rates for the region, including in France, Germany, Italy, Spain, and the UK. Key regional indicators confirm a troubling picture.

"Russia is probably targeting Ukraine’s communications infrastructure in order to reduce Ukrainian citizens’ access to reliable news and information.”. Ukraine’s major internet service provider, Ukrtelecom, reported the Russian bombardments were causing serious damage to its telecommunications networks.

CFO Vasant Prabhu said he expects Visa’s departure from Russia and evolving exchange rates will hurt Visa’s revenue growth this quarter. But the firm will keep a pulse on the current economic environment to maintain its trajectory. This article originally appeared in Insider Intelligence's Payments Innovation Briefing—a daily recap of top stories reshaping the payments industry.

So 20% of all trees in Russia, 11% in Canada, 10% in Brazil, and 8% in the US. Those four countries, Russia, Canada, Brazil, and the US, account for half the trees on the planet. And finally, trees are only 400 million years old. So they've not been around for 90% of the Earth's history. Just trust me on all this, okay? Please don't go look up on the internet because I might be wrong.

The Russia-Ukraine war continues to impact Western Europe in several alarming ways: endangering supplies of energy and food, forcing up costs for many goods and services, creating surges of refugees, and threatening political and social stability.

The Russia-Ukraine war has sped up action on crypto regulations. Concerns that Russia would use crypto to evade sanctions have increased Western countries’ calls to adopt stricter crypto regulations. RTP Systems Solve Similar Pain Points. RTP systems undercut the need for fast, low-cost domestic crypto payments innovation.

TSMC is applying for subsidies from the US Chips Act, but its efforts could be confounded by the proviso that firms taking US funds won’t expand their chip manufacturing in “countries of concern” like China and Russia for 10 years. The stipulations could cause chip manufacturers like Samsung, TSMC, GlobalFoundries, Qualcomm, and Micron to reconsider the long-term benefit of chip subsidies.

In Russia, however, sanctions and the number of companies leaving the country resulted in the ICT market shrinking 9.4% YoY. Areas for growth in technology: Software is the fastest-growing technology group YoY, with investments in cloud-first solutions driving the market.

The forecasts and trend analyses in this report collection take into account economic effects of the Russia-Ukraine war. We have adjusted our estimates to reflect changing conditions in Russia and in the rest of Eastern Europe, as illustrated by the dual scenarios for this region in the “Worldwide Ad Spending 2022” report.