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Crypto
Wall Street raises gold price targets as Russian retail buying surges
Major Wall Street banks have raised their 2026 gold price targets, and Russian retail investors are rapidly increasing purchases. JPMorgan sees gold at $6,300 an ounce by year-end, with other banks also projecting higher levels. Gold is trading around $4,548, about 16 percent below its January record. Moscow Exchange data show March trading volume jumped to 42.6 tonnes and turnover rose fivefold to 534.4 billion roubles.
Crypto
Russia steps up crackdown on illegal crypto trading with jail terms for violations
Russia is moving to criminalise cryptocurrency trading conducted outside its regulatory framework. A draft approved by the Moscow city government would introduce penalties for organising digital asset distribution without registration or a licence from the central bank. Proposed punishments include fines and forced labour, rising to up to 7 years in prison and a 1 million rouble fine for organised crime or large-scale damage. Broader crypto rules are expected from 2026, with criminal provisions from 2027.
Industry
Nongshim targets overseas sales share of at least 60 percent by 2030
Nongshim is speeding up efforts to raise the share of overseas sales to at least 60 percent by 2030, tightening management of its core North American market while expanding into new markets. The company plans to set up a sales unit in Moscow in June. Overseas unit sales rose 8.4 percent last year to 1.25 trillion won, accounting for 38.5 percent of total sales, though North America slipped 1.5 percent.
