Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of ... Read More
By its Order No. OD-3414, dated 5 October 2016, the Bank of Russia revoked a banking licence of the Moscow-based credit institution Commercial Bank IMoneyBank, limited liability company, or LLC CB IMoneyBank (Registration No. 1975) from 5 October ... Read More
Thirty-five Russian banks have agreed to participate in the launch of a new national payments card intended to challenge the dominance of Visa and MasterCard. So far, seven of ... Read More
The ruble’s recent firming trend has ended for now, the Russian Central Bank’s first deputy governor, Ksenia Yudayeva, said Wednesday. “The strengthening of the ruble has finished. Now we ... Read More
President Vladimir Putin said Thursday that Russia’s economy could return to growth in less than two years, even though he considers it unlikely that the West will lift economic ... Read More
Ruble Slides Lower Against the Dollar The Bank of Russia has defended its independence after Friday’s surprise cut in interest rates raised concerns about the influence of the Kremlin, ... Read More
The Russian Central Bank’s net currency interventions in 2014 amounted to $76.13 billion and 5.41 billion euros, Interfax news agency reported Monday, citing Central Bank Data. Interventions in the month of December amounted to $11.9 billion. ... Read More
The Central Bank of the Russian Federation has published today, a table showing the External Trade in Services of the Russian Federation by Main Partner Countries. EU countries on ... Read More
Russian state companies, the backbone of the economy, can only have accounts at banks with capital of no less than 10 billion rubles ($296 million) or at those with ... Read More
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