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Articles with tag "Central Bank"

Russian Economy Returns to Growth, but Economists Warn Rebound May Be Short-Lived

Gross domestic product grew 1.3% in April-June despite Ukrainian strikes on oil refineries that pushed refining volumes to their lowest level in two decades...

Russia’s Central Bank Proposes Framework for Publicly Trading Major Cryptocurrencies

The proposal would allow investors to trade Bitcoin, Ether and Tether on official Russian exchanges, establishing a regulated infrastructure for cryptocurrency...
1 Min read

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...
1 Min read
opinion Tatyana Rybakova

Where Can Russia Find More Money for War?

Economists in Russia said on condition of anonymity that banks can only keep up their staring contest with the Finance Ministry for so long.
7 Min read

Russian Central Bank Warns of Higher Inflation as It Lowers Key Rate to 14%

The modest decrease comes despite concerns that Ukrainian attacks on oil refineries and commercial sites will fuel a renewed inflation surge.
2 Min read

Russia Says Digital Ruble Ready for Sept. 1 Launch Despite Weak Public Demand

Beginning Sept. 1, all 12 of Russia's systemically important banks will be required to support digital ruble transactions, while large retailers will also...
2 Min read

Euroclear Sues Russian Central Bank in Belgian Court

Euroclear holds much of the 300 billion euros in Russian state assets that were frozen in the West following the 2022 invasion of Ukraine.
1 Min read

Sberbank CEO Renews Call for Interest Rate Cut

“We’ve already overcooled the economy. The rate needs to come down,” Sberbank CEO Herman Gref said on Tuesday.
2 Min read

Russian Central Bank Slashes Key Rate to 14.25%

The cut signals that policymakers remain cautious in lowering the key rate, as analysts had broadly expected a larger, 50-basis-point cut.
3 Min read

Russian Central Bank Chief Skips SPIEF After Calling In Sick

A source told Vedomosti that Elvira Nabiullina actually skipped the economic forum to attend the funeral of her adviser Alexei Mozhin.
1 Min read

Russia to Quadruple FX Purchases as It Rebuilds Wealth Fund and Seeks to Weaken Ruble

Moscow is seeking to rebuild its rainy-day fund while also easing upward pressure on the ruble, whose strength has weighed on export revenues and budget...
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

Russian Court Orders Euroclear to Pay Around $250Bln Over Frozen Assets

It was not clear how Russia intended to recover the funds, and Euroclear said it did not recognize the Russian court’s jurisdiction.
2 Min read

Russia Cuts 2026 Growth Forecast as Oil Revenues and Wartime Pressures Weigh on Economy

Deputy Prime Minister Alexander Novak said the government now expects gross domestic product to grow by just 0.4% next year, down from a previous forecast...
3 Min read

Russian Economy Shrinks in the First Quarter

The 0.5% contraction in GDP significantly missed the Central Bank’s earlier projection of 1.6% annualized growth for the period.
2 Min read

Russia’s Central Bank Cuts Key Rate to 14.5%

It marks the eighth consecutive cut since borrowing costs were hiked to a two-decade high in 2024 to curb surging inflation.
2 Min read

Russian Companies Freeze Hiring as Demand Cools, Central Bank Says

Some 64% of companies surveyed by the regulator said they do not plan to change staff numbers this year, citing subdued demand for their products.
2 Min read

Russian Part-Time, Idle Workforce Hits Highest Since 2020 Pandemic Peak

The surge points to a widening use of reduced working hours as companies seek to cut costs without resorting to mass layoffs.
2 Min read

Russian Central Bank Governor Warns of Unprecedented Labor Shortage

“This is a new reality for the government and for business alike,” Elvira Nabiullina said at an economic forum in Moscow.
2 Min read

Putin Demands Answers as Russia’s Economy Undershoots Expectations

He called for urgent measures to revive growth in what marks his second public complaint about economic weakness in a month.
3 Min read
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