WASHINGTON, Feb. 28 (Xinhua) -- The U.S. Department of the Treasury on Monday announced a fresh round of sanctions targeting Russia's central bank, the country's financial tools as well as a relevant individual, in response to Moscow's ongoing military operations in Ukraine. The Treasury D...
KIEV, Nov. 1 (Xinhua) -- The sanctions imposed by Russia on hundreds of Ukrainian individuals and dozens of entities would unlikely affect Ukraine's economic stability, a senior central bank official said on Thursday. "With the regard to the influence on macroeconomic stability, we believe it ...
She said the central bank would be able to limit the influence of sanctions on the country's currently historically low inflation while acknowledging that the currency's value was a factor. "We have worked out all the instruments, most importantly our policy on the interest rate, which allows ...
on behalf of the Central Bank of the Russian Federation, National Wealth Fund of the Russian Federation or the Ministry of Finance of the Russian Federation. The sanctions also ban any foreign financial firm from sending U.S. dollars to the Russian central bank, finance ministry and wealth ...
Economic growth is expected to slow to 0.5%-1.5% in 2025, 1%-2% in 2026 and 1.5%-2% in 2027, the Central Bank of Russia said. "The slowdown in growth is a natural process that is unavoidable. It's impossible to sustain the same growth rate in the absence of available labor to expa...
Nabiullina said that the Central Bank believes that, "This is the highest that could be considered price stability." "Inflation has been higher for the fourth year already. Perhaps this was partly inevitable in 2022-2023. However, this cannot currently be attributed to sanctions, to the restru...
It regained some ground after Russia's central bank more than doubled its key interest rate to 20% to shore up the currency, but economists are forecasting that the sanctions will pare Russia's economic growth. "Russian financial markets are under heavy pressure from the West's sanctions, ...
Russia’s Central Bank is desperately trying to avoid a run on the fiat ruble in response to incoming sanctions measures from the EU, the United States, and their allies. And as the Ukraine crisis deepens, the bank has unleashed yet more extreme measures – which may eventually include...
EU ambassadors discussed two options on Wednesday aimed at alleviating the concerns of G7 members. One would be an "open-ended" extension of the sanctions regime that immobilised Russia's central bank assets. "This shall be reviewed by the Council at regular intervals (e...
The second-largest Russian bank and another majority state-owned one, VTB was founded as Vneshtorgbank (Foreign Trade Bank) in 1990. The Russian government holds 92.2% of the bank's share capital, including 60.9% of its ordinary shares.8 The U.S. Treasury imposed full-blocking sanctions on...