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Articles with tag "Banks"

Russian Central Bank Urges Lenders to Support Businesses Impacted by Wildberries Warehouse Attacks

A senior executive at Sberbank said the state-backed lender has already received around 2,000 applications for loan restructuring from business owners...

U.K. Sanctions Ozon Bank and ‘Shadow Fleet’ Vessels in Latest Crackdown

Ozon Bank said the move would not affect its operations since it does not hold foreign assets or use the international SWIFT messaging network and conducts...
1 Min read

Russian Banks Lack Cash to Buy Government Debt, Sberbank Executive Says

Sberbank’s vice president and chief financial officer, said cash withdrawals from the banking system had reached about $25.2 billion since the start...
3 Min read

Russia's Sberbank Warns of Rising Corporate Credit Risks as Bad Loans Increase

Meanwhile, Sberbank cut its 2026 GDP growth forecast to 0%-0.5% from a previous estimate of 0.5%-1%.
3 Min read

Russia Turns to State Banks to Help Finance Mounting Wartime Budget Deficit

Russia's budget deficit reached nearly 6 trillion rubles ($77.40 billion) in the first half of the year, driven by record military spending.
3 Min read

Russia Halts Bond Auctions as Government Debt Selloff Complicates Budget Financing

Analysts said the main factors weighing on government bonds were rising inflation and expectations that the Central Bank may pause its cycle of interest...
3 Min read

Could Russia's Wartime Debt Boom Trigger a Banking Crisis?

Banks are increasingly exposed as high interest rates and slowing growth make it harder for companies and households to repay their debts.
4 Min read

Russian Communist Leader Says Trillions in Bank Deposits Could Be Used for Economy

Gennady Zyuganov's comments sparked criticism from senior lawmakers and renewed debate over the security of private savings.
3 Min read

Wildberries and VTB Bank Announce Strategic Partnership

VTB said it will acquire an initial 5% stake in RWB’s digital financial services provider, WB Bank, with an option to increase its stake over time.
2 Min read

France Hands Over Russian Businessman to Lithuania

Vladimir Antonov was convicted by a court in Lithuania in 2024 and sentenced to 10.5 years in prison.
1 Min read

Sanctioned Payments Platform A7 Plans Russia’s Largest 'Gold Bank'

Under the project, individuals and businesses will be able to purchase gold through A7’s online platform or at its physical offices, starting from as...
3 Min read

Russians Pull Money From Bank Deposits for First Time Since 2022 Mobilization Panic

The decline came as deposit rates eased from recent highs and consumers increasingly sought alternatives for their savings.
3 Min read

UniCredit to Sell Part of Russian Subsidiary to UAE Investor

UniCredit said the deal is expected to close in the first half of 2027 and will result in a hit to profits of around $3.5 billion.
1 Min read
opinion Tatyana Rybakova

How the Kremlin Is Considering Cracking Down on Financial Freedom

As banks intrude into customers' affairs and a draft bill plans to restrict cryptocurrencies, it's no surprise Russians turn to conspiracies.
5 Min read

ING Terminates Sale of Russian Business

The Dutch lender said it canceled the deal after determining there was “no realistic expectation” the buyer would obtain the required regulatory approvals...
1 Min read

Russian Crypto Payments Network Seeks Africa Expansion – FT

A7's crypto network offers a way for Russia to bypass Western financial systems following sanctions imposed over the war in Ukraine.
2 Min read

Mass Outage Hits Sberbank and Other Major Russian Lenders

Sberbank customers began reporting issues with making payments and transferring money around 10 a.m. Moscow time.
1 Min read

Explosion Rips Through Bank Entrance in Northeastern Moscow

Law enforcement said that a 15-year-old had admitted to setting fire to a Rosselkhozbank ATM “following instructions from his handlers over the phone...
1 Min read

Russians Turn to Cash as Card Blocks, Mobile Internet Outages Erode Trust in Digital Payments

Russians withdrew more cash from ATMs in January than in any month since the market turmoil that followed the invasion of Ukraine in March 2022.
2 Min read

Russian ‘Military Bank’ Posts 2025 Loss Amid Rising Defaults

The results underscore growing strains in parts of Russia’s banking system as high interest rates and heavy wartime borrowing weigh on companies.
3 Min read
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