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Bank of Russia issues commemorative coins in honor of Victory Day
The 2- and 3-ruble coins feature the Order of Victory and a portrait of Amet-Khan Sultan, twice named Hero of the Soviet Union.
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About 6 million Azerbaijanis pay by card at least once a week
Cash is most often used to pay for purchases in baby-goods stores and pharmacies, for postal and medical services.
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Mastercard unveils losses after exit from Russia
The payment system suspended operations in Russia in early March along with Visa.
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Concessional lending for businesses approved by Sberbank exceeds 1 trillion rubles
Sberbank approved over 1 trillion rubles under concessional lending programs for businesses as part of the state support initiatives launched in February 2022.
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Otkritie Bank cuts rates on all loans for entrepreneurs
On May 5, rates on all types of SMB loans were reduced.
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Crypto policy regulator established in Usbekistan
The agency was formed through reorganizing the National Agency for Project Management into the National Agency for Advanced Projects.
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Russia’s Central Bank cuts key rate to 14%
The Bank of Russia Board decided to reduce the key rate by 3 percentage points to 14%, starting from April 29, 2022
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Uzbekistan allows solar-powered crypto mining for legal entities
The government will impose extra surcharges during peak consumption periods
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Discounted mortgage rate to be reduced to 9%
Earlier, the Russian government announced a rise in discounted mortgage rates to 12%
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Visa counts losses after leaving Russia
With the operations stopped in Russia in March, Visa estimated their losses at $60 million, according to fiscal second quarter report 2022.
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Russia’s Central Bank proposes allowing traditional stock exchanges to trade in digital financial assets
The regulator discussed the concept of organized DFA trading with brokers, exchanges and information system operators.
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Demand for Mir cards at VTB Bank grew by quarter in April
Since March 2022, VTB cards have been valid indefinitely, with no need to extend or renew them.
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Russia’s Central Bank reports stabilizing state of citizens’ bank deposits in March
In the first quarter, the volume of individual deposits dropped by 2.254 trillion rubles (-6.4%).
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Nabiullina reappointed head of Russia’s Central Bank for another five years
The State Duma extended her powers for another five-year term effective from June 24, 2022.
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Most Russians keep opting for non-cash payments
NAFI study showed that Russians are not ready to give up non-cash payments
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Кey rate may be brought back down to 7-7.5% assuming inflation reaches 4%
Bank of Russia Governor Elvira Nabiullina recalled that, according to their estimations, inflation is expected to return to the target of 4% in 2024.
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Most Russians plan no loans to take in near future
Russians most often take out loans for household appliances, electronics and furniture, as well as for repair and purchase of cars.
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Bank of Russia: digital ruble will be implemented as scheduled
According to First Deputy Governor of the Bank of Russia Olga Skorobogatova, the regulator does not intend to postpone the introduction of this form of the Russian national currency, despite the technical unpreparedness of some banks.
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Russia issued government-backed loans worth Rub82 billion in March
In terms of dollars (based on the average dollar/ruble exchange rate in March), the amount is approximately 790 million dollars.
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Sberbank blocked large-scale attack on Russians’ cards
Sberbank rejected several hundred thousand attempts of unauthorized debit transactions; the customers’ money is out of danger.