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Citibank leaves Russia
Citigroup announced its intention to withdraw from retail banking as far back as 2021.
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Banks report growing demand for safe deposit boxes
Against the backdrop of sanctions and the economic uncertainty, Russians start showing interest in renting safe deposit boxes.
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Kazakhstan banned exports of cash foreign currency in excess of $10,000
Exports of gold bars of refined gold and gold and silver investment coins issued by the National Bank, as well as refined gold in excess of 100 g is also prohibited.
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Belarus and Russia opt out of dollar in payments for energy supplies
Now Belarus will pay Russia for energy resources in Russian rubles.
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Bank of Russia imposed restrictions on transfers to close relatives abroad
Earlier, the Bank of Russia forbade bank transfers from Russia to non-residents who are citizens of countries that have announced sanctions against Russia.
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Russian firms show interest in opening accounts with Chinese banks because of sanctions
Branches of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank operate in Moscow.
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Mir cards demonstrate upswing in demand
Consumers open cards of the Mir payment system and pay with them more often against the backdrop of sanctions imposed by Visa and Mastercard.
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Bank of Russia limits foreign currency withdrawals
Under the new rules, Russians will be allowed to withdraw as little as $10,000 from their foreign currency accounts.
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Amount of cash in Russia grew to record high in February
In February, the demand for cash was even higher than in the first wave of the coronavirus pandemic in March-April 2020.
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The Central Bank of Russia has reduced the commission paid by individuals when buying currency on the stock exchange to 12%
The commission amount announced a few days earlier by the Bank of Russia was 30%.
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Russian residents banned from exporting foreign currency over $10,000 worth
Besides, in addition to the ban on the export of foreign currency, residents were obliged to observe a “special procedure” when concluding transactions with foreign persons associated with “unfriendly” countries.
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Russia to announce new phase of capital amnesty
It will help Russian businesses protect their assets.
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Head of National Bank of Kazakhstan assesses impact of sanctions on national financial market
To minimize the negative consequences, the National Bank plans to introduce a raft of measures aimed at mitigating the risks of inflation growth, protecting tenge savings and guaranteeing the prudent use of the country's gold and foreign currency reserves.
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Russia’s Central Bank to extend more support for credit institutions
The regulator will support credit institutions against the backdrop of Western sanctions and introduce new measures to remain in effect until December 31, 2022.
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Crypto business won’t stop provision of services to Russian citizens
Cryptocurrency companies are ready to follow the key principles of “cryptocurrency without borders”, despite the political situation.
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Sberbank Executive VP David Rafalovsky resigns
In 2019, Christofari, the most powerful supercomputer at that time in Russia, was developed under his leadership.
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Bank of Russia Governor Elvira Nabiullina speaks in follow-up to Board of Directors meeting
The Central Bank will make further decisions on the monetary policy based on actual developments and risk assessment, while the monetary policy will be aimed at maintaining financial and price stability.
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Bank of Russia doubles its key rate
The Governor of the Bank of Russia will announce this decision today, February 28, 2022 at 16:00 Moscow time.
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Bank of Russia makes first statement after sanctions
The regulator assures that the Russian banking system is stable and has sufficient capital and liquidity to operate whatever the circumstances may be.
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In 2021, Russians made payments through FPS more often, but for smaller amounts
Russian Standard Bank studied the dynamics of money transfers popularity among Russians in 2021 and named the most popular types thereof.