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Articles with tag "Central Bank"

opinion Nick Anthony

The Digital Ruble Gives the Kremlin a Kill Switch for Dissent

Russians should be concerned about the power the Central Bank's new digital ruble would give the state over their finances.

Russian Central Bank Holds Key Interest Rate Steady

Policymakers have been weighing inflation risks against the need to lower currently high borrowing costs for businesses and consumers.
2 Min read

Russia’s Gold Reserves Fall to Lowest Since 2019 as Budget Deficit Widens

The Bank has reduced its holdings by 2 million ounces, or about 62 tons, since December, when it began its largest sustained sell-off in decades.
2 Min read

Russia to Ban Direct Person-to-Person Crypto Trades in July 2027

However, media outlets have noted that individuals may attempt to bypass the ban by disguising direct crypto sales as personal gifts or debt repayments...
1 Min read

Russia’s Central Bank Says Putin’s Stock Market Target Is Out of Reach

Putin had ordered Russia to double its stock market capitalization to at least 66% of gross domestic product by 2030.
3 Min read
News Analysis

Here's How Russia Plans to Pay for the Ukraine War in 2027

Moscow is planning higher taxes, more borrowing and cuts to national health programs to help it fund its record defense spending.
4 Min read
News Analysis

Russia Has a Budget Problem. Borrowing Its Way Out Won't Be So Simple.

The rising cost of debt is helping push Moscow toward tax hikes and spending cuts that analysts say could weaken growth.
3 Min read
opinion Sergei Shelin

Putin Does Not Need an Economic Revolution – Yet

Despite mounting economic pressure, a radical shift to a “mobilization economy” is less likely than it may seem.
7 Min read

Russian Central Bank Holds Key Rate at 14%

Policymakers said rising fuel costs, driven by Ukrainian drone attacks on oil refineries, are making it difficult for them to tame inflation.
2 Min read

Georgy Matyukhin, Russia’s First Central Bank Chief, Dies at 91

Matyukhin headed the Central Bank during the turbulent period of economic and political transition after the collapse of the Soviet Union.
1 Min read

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...
3 Min read

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
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