Sberbank to Reduce Its Presence in Europe
Sberbank is reducing its presence in other countries due to the deteriorating geopolitical situation, Russian media reports. "We have already...
Economy
Russian Government to Distribute Budget Funds without Amending the Law
The State Duma adopted a law that expands the government's powers to redistribute budget funds without amending the law on...
World Bank Predicts Sustainable Growth of Russian Economy
The World Bank (WB) predicts a sustained recovery of the Russian economy with a growth of 3.2% in 2021 and...
Rosswift: SWIFT Won’t Disconnect Russia from the System
Russia is not going to be disconnected from the SWIFT interbank transfer system, the executive director of the Russian National...
Central Bank to Decide on Key Rates on Friday
Interest rates on deposits and loans in Russia will rise after June 11: the Central Bank on Friday will raise...
Russian Banks Will Have to Report US and EU Transaction Info Requests
Russian banks will be obliged to notify Rosfinmonitoring and the Bank of Russia about requests "from the competent authorities of...