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Articles with tag "Finance"
Russian Banks Report Deposit Outflows Amid Falling Rates and Freeze Fears
Eight of the country’s 20 largest credit institutions experienced deposit outflows in June.
Ruble Falls After Latest Russia-Ukraine Talks Make Little Progress
“The market was disappointed by the largely symbolic nature of Wednesday’s round of Russian-Ukrainian negotiations in Istanbul,” one analyst said...
2 Min read
Oman Tightens Banking Restrictions on Russian Firms – Vedomosti
Russian companies have increasingly turned to Oman for cross-border settlements after tighter financial regulations took effect in the United Arab Emirates...
2 Min read
1 in 3 Russians Report Transfer Blocks Under New Central Bank Rules, Survey Finds
The measures, which went into effect on May 15, give banks the authority to limit transfers and block cards in cases of suspected fraud.
2 Min read
Russia’s Fast Payment System Hit by Major Outage
The disruption of the Central Bank-operated FPS also affected key financial services, including those of Sberbank, T-Bank, Ozon Bank and Yandex Pay.
1 Min read
Survey Shows Many Russians Lack Financial Reserves
Approximately 38% of employed Russians have no financial cushion in case of an emergency.
1 Min read
Losing $300Bln in Frozen Assets Is a Price Worth Paying to Break Western Grip on Global Finance, Putin Says
He argued that Western appropriation of Russian funds would trigger an “irreversible trend toward the regionalization of payment systems.”
2 Min read
Russia Is Preparing New Tax Hikes. Here’s Why.
As military spending soars, the Finance Ministry seeks to move away from the flat income tax that was long a cornerstone of Putin’s economic policy.
5 Min read
Kyrgyzstan Says Suspended Mir Payment Cards Under Threat of Shutdown
Kyrgyzstan's national payments operator previously said it would stop servicing Mir bank cards to "minimize the risk of secondary sanctions."
2 Min read
Kyrgyzstan To Stop Accepting Russian Payment Cards
Kyrgyzstan's Interbank Processing Center said it would stop servicing Mir bank cards in order to "minimize the risk of secondary sanctions."
1 Min read
Binance Crypto Firm’s Successor in Russia Announces Closure
CommEX, which launched in September, had bought Binance’s Russian operations for an undisclosed sum.
1 Min read
Armenian Banks to Suspend Russia’s Mir Payment System – RBC
The suspension will hinder Russian nationals living in Armenia from making non-cash transactions with their Mir cards, Russia's alternative to Visa and...
1 Min read
Russia Unveils Huge Spending Hike to Battle 'Hybrid War'
Defense spending was set to jump to almost $111.15 billion, totaling around 6% of GDP — more than spending allocated for social policy.
3 Min read
Binance Restricts Russian Clients to Ruble Transactions
Binance’s restrictions follow reports on a U.S. Justice Department investigation into the company's possible violation of sanctions against Russia....
2 Min read
Russia’s Budget Deficit Surpasses 2023 Target in January-April
The federal budget deficit has already reached $45 billion — higher than the government's target of $43 billion for the entire year.
1 Min read
Russia's Sanctioned VTB Bank Reports Record $7.7 Bln Loss
The bank said it had suffered from an "unprecedented" outflow of foreign currencies last year.
1 Min read
Russia’s Qiwi Posts Record 2022 Profit as ‘Sanctions Beneficiary’
Russia found itself cut off from many payment services last year following the invasion of Ukraine.
2 Min read
Austria's Raiffeisen Bank Eyes Sale of Russian Operations
Austrian banking group Raiffeisen on Thursday said it was considering a "sale or spin-off" of its Russia operations.
1 Min read
Baring Vostok Investors Leave Russia After Fraud Sentences End
Michael Calvey and Philippe Delpal's trial had sent shockwaves through Russia’s investment community.
2 Min read
Russia Moves to End Tax Deal With 'Unfriendly' Countries
Their statement follows an EU decision this week to add Russia to its tax-haven blacklist.
1 Min read
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