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Articles with tag "Finance"
no expense spared
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.
currency cut-off
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
in the red
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
Bleeding Money
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
cross-border payments
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
Bank run
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
CONTROVERSIAL CHARGES
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
benefit revoked
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
Sberbank
Russia's Biggest Bank Announces Huge 2022 Fall in Profits
Russia's Sberbank on Thursday announced its net profit dropped nearly 80% in 2022 in the wake of the Russian invasion of Ukraine.
1 Min read
crunching the numbers
Russia’s December Fiscal Deficit at Record-High – Bloomberg
Russia’s monthly fiscal deficit reached a record 3.9 trillion rubles in December amid the EU-imposed ban on seaborne crude oil exports and the increasing...
cost of living
Over a Third of Russians Admit Trying to Reduce Food Bill – State Poll
Amid sharply rising prices, inflation at 12.7% and disruption to supply chains due to Western sanctions, around 35% of Russian citizens say they are trying...
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