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Russia and Turkiye discuss using TROY payment system
Ankara and Moscow are discussing the possibility of using the Turkish payment system Troy as an alternative to Mir, the Turkish newspaper Aydınlık reports, citing sources.
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Import substitution of cybersecurity tools reaches 90%
The remaining 10% are already being developed, but the process is more time-consuming.
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Bank of Russia approved list of systemically important banks
The Central Bank of the Russian Federation, in accordance with Directive No. 5778-U of April 13, 2021 “On the Methodology for Determining Systemically Important Credit Institutions”, approved the list of systemically important credit institutions.
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Moscow Exchange may sell ruble-dollar pair trading business
The Moscow Exchange does not rule out a future scenario of selling its dollar-rouble trading operations as a separate business.
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VTB bank head Kostin proposed entire banking system to get configured to sanctions regime
“Our settlements must be immediately adjusted to politics when our financial institutions are under sanctions,” VTB president and CEO Andrey Kostin said at a panel discussion at the “Banks of Russia — XXI Century” forum.
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Russia’s Central Bank and Finance Ministry agree on draft law on using cryptocurrencies in cross-border settlements
The Bank of Russia and the Ministry of Finance generally approved a bill on the use of cryptocurrencies in cross-border settlements, Deputy Minister Alexei Moiseev said at the 19th International Banking Forum “Banks of Russia - XXI Century”.
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Sberbank to open first Islamic finance office in Kazan
Sber plans to open the first partner financing office in Kazan before the end of the year, Sberbank Senior Vice President Oleg Ganeyev told the fourth annual Russian Islamic Economic Forum held in Kaspiysk, Republic of Dagestan.
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Russia’s financial market to develop based on digital ruble
Currently, the issue of legalizing the digital money and cryptocurrency circulation is under a wide discussion in the country.
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Statements by Bank of Russia Governor E. Nabiullina in follow-up to Board meeting
On September 16, a regular meeting of the Board of Directors of the Bank of Russia took place. Below are the main theses.
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Russia’s central bank lowered key rate to 7.5%
The last time the key rate was cut by the regulator to 8% on July 22. The Bank of Russia Board meeting took a decision to reduce the key rate to 7.5%.
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Russia’s financial market to develop based on digital ruble
Currently, the issue of legalizing the digital money and cryptocurrency circulation is under a wide discussion in the country.
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Malaysia to accept Russian Mir cards
“We already see the success of Vietnam in this regard. However, Thailand and Myanmar, which are also working on the introduction of the Mir cards, have not yet solved this problem.
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Ministry of Finance and Central Bank support legalization of cross-border cryptocurrency settlements
As quoted by TASS with reference to an interview with Deputy Finance Minister Alexey Moiseev on Russia 24 TV channel.
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Egypt to start accepting Russian ruble from late September
The Russian ruble is to be added to the list of currencies accepted in Egypt. According to the Central Bank of Egypt, the move is scheduled for the start of the high season in late September 2022.
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CSR proposes separate regulation of NFT
The Center for Strategic Research proposed a separate regulation for NFTs and entities that ensure the simultaneity and consistency of the transfer of tokenized property rights and their accounting records in the blockchain.
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New type of financial entity may appear in Russia’s Islamic finance sector
Such an entity will support a series of operations based on the theory and practice of the Islamic finance market, with each organization having the right to undertake additional restrictions, said Madina Kalimullina, Executive Secretary of the Russian Association of Experts in Islamic Finance...
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Central Bank to promote digital ruble in international settlements
The Bank of Russia intends to promote the use of the digital ruble in cross-border settlements, regulator chairperson Elvira Nabiullina said in a documentary aired by the Russia-24 TV channel.
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Russia’s Central Bank becomes market player
The development of the Mir payment system, FPS, digital ruble, etc. actually turns the Bank of Russia into a market player, stated Victor Dostov, Chairman, Association of eMoney and Remittance Market Participants (AED); Chief DLT Research Officer at Saint Petersburg University, speaking at...
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Sber to introduce about 100 Linux-powered ATMs by year end
Abandoning cash and full migration to cashless payments is impossible, Sberbank believes.
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VTB and Sberbank to launch CNY lending
The information is based on statements of the banks’ top managers made during the Eastern Economic Forum (EEF), as quoted by the Prime news agency.