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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.
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FinTech Association studied implementation of Open APIs in Russia
The study “Areas of Open APIs standardization and their mandatory publication by participants in the financial services market in Russia” was prepared in colaboration with the international consulting company Accenture.
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Interest rates on microloans may be halved in Russia
Market participants have criticized the draft law on reducing the cap rate, believing this will impact the MFO market adversely.
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Average mortgage term reached 20 years in Russia
Along with the average period of a mortgage loan, the average size of the real estate purchase loan also increased.
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Decree on cryptocurrency circulation specifics passed in Belarus
On February 14, Belarus President Alexander Lukashenko signed a decree “On Virtual Wallets Addresses (Identifiers) Register and Specifics of Cryptocurrency Circulation”.
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South Korean CU retail chain began to accept Mir cards for payment
CU, a popular chain of convenience stores in South Korea, has begun acceptance of Russian Mir cards.
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Sovcombank closes acquisition of Vostochny Bank
The operational integration of the banks was completed in 2021. On February 14, 2022, Vostochny Bank merged with Sovcombank, which became the legal successor of the assets and liabilities of the former.
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Lev Khasis, First Deputy Chairman of Sberbank's Executive Board, resigns
Lev Khasis decided to quit the Executive Board of Sberbank to gain the opportunity to engage in his own projects.
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Russia may introduce tax on cryptocurrencies withdrawal
The Ministry of Economic Development believes that mining should be allowed in regions with a sustainable electricity generation surplus.
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Kaspersky Lab helped Interpol prevent bank cyber-robbery
During a joint investigation, Kaspersky Lab and Interpol prevented the theft of funds from the central bank of a Latin American country.
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Bank of Russia raised its key rate by 100 bp to 9.50% per annum
On February 11, 2022, the Board of Directors of the Bank of Russia decided to raise its key rate by 100 bp up to 9.50% per annum.
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Sber launches money transfers to China by phone number
The service was developed in collaboration with Alipay and Western Union.
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Sberbank conducted training amid US threats to ban exports of microchips
According to some sources, the government is worried about a possible export ban on electronics.
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Cryptocurrency can bring about 300 billion rubles to Russian budgets
Experts told how much bitcoin mining could bring to the budget: taxes on mining alone may amount to $100-200 million a year.
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Russians increased online activity in January
The use of mobile application and online banking increased by 20% amid the spread of a new wave of coronavirus, VTB Bank reported. The share of digital sales of the bank's popular retail services came near 50%.
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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.
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Russia’s Finance Ministry prepared cryptocurrencies regulation concept
The Ministry proposes to perform operations with crypto-currencies through Russian banks, identify the crypto currency owners, and divide investors based on qualification.