You Searched For "bank of russia" and got 20 results
Sort By:
1 min read
Russia's central bank hikes interest rate to 21% to fight stubborn inflation
Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target.
Nathan Rennolds
1 min read
Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions
Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transacti…
Jennifer Sor
1 min read
Russia's largest bank says it has no problems transacting with India
Sanctioned Sberbank has managed to pivot to processing transactions in rubles and rupees.
Huileng Tan
2 mins read
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…
Huileng Tan
3 mins read
Russia's defense sector is running on overdrive — but firms are warning of bankruptcy
Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…
Thibault Spirlet
2 mins read
Nearly all Chinese banks are refusing to process payments from Russia, report says
Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…
Huileng Tan
2 mins read
Russia's inflation is so bad that potatoes cost 64% more than they did at the start of the year
Prices of potatoes — a Russian staple — have surged by 64% this year.
Huileng Tan
2 mins read
Stocks tied to Russia rally as Trump's win fuels hopes for an end to the Ukraine war
Ukraine bonds have also rallied this week as investors grow hopeful that president-elect Donald Tru…
Kelly Cloonan
2 mins read
Russia's economy is heading toward a fate worse than recession, pro-Kremlin economists say
"The Russian economy is effectively facing the threat of stagflation — simultaneous stagnation or e…
Filip De Mott
1 min read
Under strain from war, Russia plans a massive layoff in its public sector: report
Russia is expected to lay off at least 40,000 government officials by July, according to a report b…
Hannah Abraham
2 mins read
Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says
Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…
Filip De Mott
2 mins read
A new way for Russia to cement its hold on Ukraine: dirt-cheap mortgages
A Russian bank says it is launching a 2% mortgage rate for primary housing in Ukraine's occupied re…
Thibault Spirlet
2 mins read
The odds of Russia's economy collapsing are 'extremely small' and the war can go on for the long term, economist says
Russia can fight the war in Ukraine indefinitely as its economy has adapted and is now stable, an e…
Jennifer Sor
2 mins read
Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says
The US Treasury and State Department recently announced fresh restrictions against 400 people and e…
Huileng Tan
3 mins read
China's muted response to the Russia-North Korea alliance could come at a cost
China's response to reports of North Korea sending soldiers to Russia could undercut its efforts to…
Hannah Abraham
3 mins read
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
Continuing the war means the economy faces stagnation, while ending it would shut off the massive d…
Jennifer Sor
3 mins read
How national security panics in Russia could stifle innovation and hurt its economy
Russia has arrested more people for treason in the past year than the past 20 years combined, one e…
Jennifer Sor
3 mins read
Russia hit Google with a fine so big it defies comprehension, exposing a legal system adrift
Russia's massive Google fine is huge, symbolic, and likely unenforceable, but it's part of an incre…
Joshua Nelken-Zitser,Kieran C…
2 mins read
Strong growth, lower fiscal deficit may lead to India rating upgrade: Deutsche Bank
Strong growth and a narrower fiscal deficit can lead to a sovereign rating upgrade for India, a Ger…
PTI
1 min read
Russia's ruble hits the lowest level in a year against the dollar and the yuan
As a key Treasury license is set to expire this month, it could become a lot harder for Russia to t…