the european commission has proposed sanctions against credit bank of moscow and the russian agricultural bank, two eu sources told reuters on wednesday. earlier on wednesday the head of the eu commission, ursula von der leyen, said that sberbank would also be sanctioned. eu gove...
MOSCOW. May 16 (Interfax) - Credit Bank of Moscow (MKB) has received a general license from the Ministry of Industry and Trade of the Russian Federation to export gold bullion, the bank said in the Fedresurs unified federal register of important information on legal entities and individual ent...
The bank led by CEO Sergio Ermotti is going through the books of Credit Suisse, offloading unwanted clients and assets, including those related to Russia, one of the people said. For those that fall foul of U.S. sanctions, such as a bank handling a payment f...
The role of the Bank of Russia's repo agreements in ensuring the financial sector's stability The impact of tax changes on the activities of agricultural organizations Digital transformation of Russia's banking system as improving the competitiveness of banks ...
Even so, China’s state-owned banks have tightened curbs on funding to Russian clients after the US announced at the end of 2023 that it would impose secondary sanctions on lenders that facilitate the sales of restricted goods to Russia. Read: Russia Pushes Its Largest Private Bank to Re...
U.S. and European Union sanctions barring any transactions with the Central Bank of Russia would weigh more heavily on Russia's "credit fundamentals than any previous sanctions," Fitch said. S&PreducedRussia's rating to junk last week.
However, Russia’s central bank issued a statement on Sunday saying both Mastercard and Visa cards would “continue to operate in Russia as usual until their expiration date,” with users able to use ATMs and make payments. It’s unclear how the Central Bank of Russia reached this conclusion...
“We will continue to keep some arrows in our quiver in the event that we see a further deterioration of the situation over the next several days or weeks.” According to theMoscow Times,Vladimir Putin acknowledged yesterday that economic sanctions have had an impact on the Russian economy. He...
MOSCOW. April 15 (Interfax) - The Central Bank of Russia (CBR) has recommended that banks and non-credit financial institutions waive dividend payments in 2022, the regulator said in a statement. "The Bank of Russia draws the attention of lenders to the fact that non-compliance with capital...
NKR will begin the activity after the Central Bank enters data in the corresponding register. "Creation of rating agency is a next step in strategy implementation of diversification of business of RBC holding. We see the interest of our audience in qualitative financial information" —Grigory Berez...