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According to sources familiar with the matter, chipmaker Cerebras Systems is telling potential investors that it expects its IPO to be priced above the upper end of its previously announced price range, as investor demand for the stock surges.1. The Russian Ministry of Economy lowered its forecasts for oil production and exports for 2026-2029. 2. Kremlin spokesperson: A visit by Trump to Russia is not currently on the agenda. 3. Russia claims successful test launch of the Sarmat missile; the first missile regiment will be on combat duty by the end of the year. 4. Russian Ministry of Defense: Russian forces continue special military operations after the ceasefire agreement with Ukraine expired. 5. Ukrainian Foreign Minister: The US has not delayed arms supplies under the "Ukraine Priorities List" (PURL) program. 6. Trump: The Russia-Ukraine conflict will end soon. No consensus has been reached with Putin; Russia should not acquire the Donbas region. 7. Zelensky: Ukraine attacked a gas facility in Russias Orenburg region, more than 1,500 kilometers from Ukraine.On May 13, S&P Global Ratings downgraded Mexicos credit rating outlook from "stable" to "negative," citing continued weak fiscal performance, rising debt levels, and sluggish economic growth. However, it maintained Mexicos BBB rating, two notches above junk status. Mexico is nearing the loss of its highly regarded investment-grade rating. S&Ps current rating is in line with Moodys, while Fitch has placed Mexicos rating just one notch above junk status with a stable outlook. If two of the three major rating agencies downgrade Mexico to junk status, some fund managers will be forced to sell Mexican government bonds. S&P stated, "The negative outlook reflects the risk of extremely slow progress in fiscal consolidation, primarily due to sluggish economic growth, leading to a faster-than-expected increase in government debt levels and increased interest burdens." Mexican President Sinbaum has devised a bailout plan for the state-owned oil company, Pemex. S&P stated that continued government support for the company "will continue to exacerbate the rigidity of Mexicos fiscal structure." Furthermore, uncertainty stemming from this years review of the USMCA is also dampening investor sentiment.Total Energy Services: If commodity prices continue to rise, it is expected to boost increased industry activity in North America.Total Energy Services: Global uncertainty and commodity price volatility continued to weigh on drilling and completion activities in North America during the first quarter. The company ceased its well services operations in the United States in January 2026, and the vast majority of its operating equipment was sold in February.

The Russian Ministry of Finance Has Completed A Bill To Regulate Cryptocurrency Mining

Cory Russell

Apr 18, 2022 10:54

The draft legislation of the crypto bill "On Digital Currency" by the Ministry of Finance (MoF) emphasizes mining and trading laws.


Operators of exchanges and digital trading platforms will be licensed and regulated by a Russian government entity.


The new rule comes as a result of a rising desire for mining among Russian ministers.


Russia's new crypto regulatory law, according to information supplied by Russian news source Kommersant, would be rigorous in its approach.


The most current version of the draft legislation covers the new trading and mining laws for cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others) introduced under the bill "On Digital Currency."

Russia Creates New Crypto Bill

The bill's additional standards for exchange and digital trading platform providers were one of the bill's centerpieces. According to Kommersant, these operators will now work as a team.


The exchange operators will be the ones to buy and sell cryptocurrencies on their own behalf and at their own cost, while the operators of digital trading platforms will be in charge of the organized bidding.


Additionally, these operators will be required to establish a distinct structural unit, produce yearly reports, meet the needs of new management bodies, perform internal control and auditing, and more.


They will also need to be classified as an AML/CFT organization, and their operations will be regulated and licensed by a Russian government authority.


Finally, for the first time, the measure will concentrate on the crypto mining process and companies. After registering with the appropriate authorities, legal companies, and individual miners, the law specified that crypto mining might be done.


These operations will be taxed individually, and data centers will be made available for mining if the owner is a Russian legal company.

Mining is in high demand

While the Russian government was planning to take cryptocurrency in January, things started to pick up pace once the Russian-Ukraine conflict erupted. Not only was the demand for cryptocurrencies increasing, but so was the need for mining.


Russia's Deputy Energy Minister, Evgeny Grabchak, stressed that the legal void around crypto mining must be filled as quickly as possible, with a clear set of laws and regulations in place.


To make the process more efficient, he advised decentralizing it by choosing mining locations on a more regional level rather than at the federal level.


With these rules about to take effect in the near future, it seems that the transition from calling for a mining ban to accepting controls is more of a necessity than a natural shift of attitude.

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