Latest news with #Rostec
Yahoo
08-07-2025
- Business
- Yahoo
Russia Creates Registry of Crypto Mining Equipment to Tighten Oversight
Russia's Ministry of Energy has compiled a registry of cryptocurrency mining equipment, a step officials say will help identify mining operations and bring them under new regulatory and tax rules. Deputy Energy Minister Petr Konyushenko told state news outlet RIA Novosti the list has been distributed to regions where mining activity is high. "The creation of such a register will allow for the precise identification of consumers using electricity for mining,' Konyushenko said, adding that the move is part of an effort to legalize the sector and curb unlicensed electricity consumption. The initiative comes after last year Russia made crypto mining legal in the country. Under the law, businesses and entrepreneurs must register with tax authorities to operate mining facilities. Private citizens can mine without registering, but only if they stay within government-set limits for electricity use. Regardless of size, all miners must report how much digital currency they produce to the tax service. The move is part of Russia's broader embrace of the crypto sector. Just last week, state-owned conglomerate Rostec, known for its role in the country's military-industrial complex, revealed plans to roll out a ruble-pegged token called RUBx.
Yahoo
05-07-2025
- Business
- Yahoo
Russian State Giant Rostec Plans Ruble-Pegged Stablecoin, Payment Platform on Tron: TASS
Russian state-owned manufacturing conglomerate Rostec, best known for its role in the country's military-industrial complex, plans to roll out a ruble-pegged token called RUBx alongside a payment hub dubbed RT-Pay before year-end. Each RUBx, according to state-owned news agency TASS, will represent one Russian ruble held in a treasury account. Rostec will run the token as the sole issuer and operator, anchoring the asset's value through 'real obligations in rubles' written into law. The token is set to be based on the Tron blockchain. Rostec intends to post the contract code on GitHub and has tapped blockchain-security firm CertiK for an independent audit, the report adds. RT-Pay will plug straight into the country's banking rails. That link lets companies and private citizens move money in seconds, even after business hours, or lock funds in smart contracts. Rostec says RT-Pay, which will be integrated with the country's banking rails, meets anti-money-laundering and counter-terrorism rules and complies with Bank of Russia requirements. A phased launch will target sectors with high payment friction first, then expand, RUBx project Dmitry Shumayev reportedly said. The project lands as Moscow tests a separate digital ruble issued by the central bank. The country has been warming up to the cryptocurrency space, with the Bank of Russia earlier this year allowing institutions to offer crypto-linked instruments to qualified investors. Russia's largest bank Sberbank and Moscow Exchange have already launched products tied to bitcoin (BTC). Cryptocurrencies have also been used to circumvent Western sanctions on Russia's oil trade. Reports suggest some Russian oil firms have used BTC, ETH, and some stablecoins to convert payments made in Chinese yuan and Indian rupees into rubles.
Arabian Post
04-07-2025
- Business
- Arabian Post
Rostec Readies Ruble‑Backed RUBx for National Roll‑out
Russian state-owned conglomerate Rostec is set to introduce RUBx—a stablecoin pegged directly to the ruble—and RT‑Pay, a payment platform, before the end of 2025. These innovations aim to empower businesses and individuals with secure and compliant digital transaction tools. RUBx will be launched on the Tron blockchain and strictly pegged 1:1 to the ruble, backed by legally governed obligations maintained in a treasury account. Rostec will act as the sole issuer, with the structure codified by law to ensure robustness and transparency. The smart-contract code is expected to be made available on GitHub and independently audited by CertiK, reinforcing compliance with Russian financial regulations. RT‑Pay, designed to integrate seamlessly with Russia's existing banking rails, will enable transactions outside standard banking hours and facilitate smart-contract functions. Rostec says it has built the platform to adhere to anti‑money‑laundering and counter‑terrorism financing norms and to satisfy all Bank of Russia requirements. ADVERTISEMENT A phased launch is anticipated, initially targeting sectors where efficiency gains can be rapidly realised before expansion to broader corporate and retail use. The move dovetails with Russia's broader strategy to enhance crypto infrastructure, including the central bank's separate digital ruble pilot and the recent authorisation for institutions to offer crypto-related investment products. Rostec, known for its significant role in defence and high-tech manufacturing, leveraged its credentials as a trusted state entity to assure users of RUBx's legitimacy. 'Each RUBx is backed by real obligations in rubles,' Rostec officials emphasise, underscoring the token's legal anchor. This initiative aligns with a trend of expanding digital payment solutions amid geopolitical and economic pressures. Russian financial institutions such as Sberbank and Moscow Exchange have already introduced crypto-linked offerings, and some state entities reportedly used crypto instruments to facilitate oil trade and bypass sanctions. Economists and fintech experts note that the introduction of state-backed digital infrastructure like RUBx and RT‑Pay marks a departure from pilot programs. They highlight the potential for stablecoins—with legal and technological safeguards—to provide a credible alternative to traditional payment systems. By utilising a blockchain infrastructure like Tron, Rostec leans on a mature ecosystem, which may support rapid adoption. Nevertheless, independent analysts caution that integration risks remain. They point to the need for robust cybersecurity measures, systemic risk controls, and interoperability standards with domestic and international payment systems. Successful implementation will require coordinated efforts among regulators, banks, and end users.
Russia Today
01-07-2025
- Russia Today
Russian drones detonate Ukrainian roadside bombs – MOD (VIDEO)
Weaponized drones are now a fixture on the battlefields of the Ukraine conflict. However, they are also being employed to clear explosives, as shown by a new video released by the Russian Defense Ministry. A remotely-operated quadcopter drone can carry and drop a small explosive – often a standard mortar round – turning it into a short-range, improvised bomber. In addition to targeting enemy troops and dugouts, such drones can be used to detonate mines or improvised explosive devices (IEDs) from a safe distance. Footage published on Sunday by the Russian military shows soldiers with an Airborne Troops engineering unit using drones to deploy charges on suspected roadside bombs on the front line in Zaporozhye Region. Several examples appeared in the video, all recorded during active combat missions. In a separate development last month, Russian defense conglomerate Rostec introduced a more controlled method for disarming explosives remotely. The company unveiled a land-based robot equipped with a small laser capable of liquefying explosive material inside a device without detonating it. The robot is battery-powered and can be operated from several kilometers away, Rostec said. Traditional bomb disposal robots tend to be larger and are equipped with multiple tools to disarm devices in more controlled settings.
India.com
28-06-2025
- Business
- India.com
Russia making air defence system that destroyed Pakistani drones and missiles during Operation Sindoor even more powerful, India will...
New Delhi: Russia has started serial production of mini missiles for the Pantsir air defence system. This is one of those defence systems that destroyed Pakistani drones in the sky during Operation Sindoor. What is Pantsir capable of? This system is capable of shooting down dozens of drones at once. Apart from this, it can also shoot down other low flying objects like helicopters and spy balloons. Russia has also used this defence system extensively during the Ukraine war. Apart from this, Russia has also exported it to at least 10 countries other than India. What does media say about Pantsir? According to the report of Russian state media Sputnik, Russian state corporation Rostec said, 'The mini missiles of the Pantsir air defense missile system of our High-Precision Systems Holding Company have passed all their tests in different regions of the country and have now been sent for serial production.' Rostec said that these mini missiles can easily shoot down enemy mini swarm drones. Many drones can be destroyed in one attack. Rostec said in its statement, 'Now one Pantsir-SMD-E can destroy dozens of unmanned aerial vehicles.' How it performed in Ukraine Rostec has said that mini missiles for the Pantsir system were used for the first time in the war against Ukraine. During this time, this system has destroyed targets with accuracy. Russia has been calling the Ukraine war a special military operation since the beginning. In such a situation, the inclusion of mini missiles in the Pantsir system will make Russia's air defense more powerful and it will get a strong defense shield against Ukraine's drones. How powerful is Pantsir S-1 The Pantsir S-1 is an automatic, medium-range surface-to-air missile and anti-aircraft system. It mainly has three types of components, which together form the Pantsir S1 system. These include a missile launcher, a radar truck and a command post. The Pantsir-S1 has been made by the KBP Instrument Design Bureau of the Russian company Tula. It is considered to be a replacement for Russia's old Tunguska M1. The Pantsir-S1 is considered a precision weapon for the military against aircraft, helicopters, precision ammunition, cruise missiles and UAVs. In August 2024, Russia completed tests of a manoeuvrable track-based Pantsir-SM-SV system for service with Russian Ground Forces and Airborne Forces.
