Russia, Iran to unite payment systems in two months
Moscow and Tehran are ready to complete the integration of their payment systems
banks
Peskov declares Russian banks resistant to EU sanctions
Being under sanctions does not prevent Russian banks from maintaining full stability, generating strong profits, and continuing to expand, Russian presidential spokesman Dmitry Peskov said at a briefing while commenting on the EU's plans to impose new sanctions on Russia's banking system.
UK imposed another set of anti-Russian sanctions
The restrictions target 14 entities and four individuals associated with Russian payment systems
Central Bank lowers dollar exchange rate to 70 rubles
Russia's Central Bank has set the official dollar rate at 70.95 rubles for May 21, 2026.
Russias international reserves up 135 bln dollars in week
Russia’s international reserves increased by $13.5 bln in one week to $771 bln as of May 8, 2026, the Russian Central Bank reported.
First Islamic banking standard may appear on Russia
The first Islamic banking standard may appear within a month, Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said at the Russia - Islamic World: KazanForum.
Georgia's economy may grow by 5 in 2026 - World Bank
The World Bank forecasts Georgia's economy to grow by approximately 5% this year, with price growth expected at 5.5%.
Georgia to allocate approximately 5 percent of reserves into yuan
Georgia has decided to incorporate the yuan into its international reserves, with approximately 5% of the National Bank's reserves to be denominated in the Chinese currency.
European Bank to build a logistics center in Yerevan
The European Bank for Reconstruction and Development (EBRD) will provide 39 million euros to build a logistics center in Yerevan.
World Bank: Georgia shows sustained growth and economic resilience
World Bank representatives have identified key development conditions and economic prospects for Georgia.
Baku hosts IX International Banking Forum
The IX International Banking Forum is being held in Baku today. The event runs under the motto “Reliable, Secure, and Sustainable Banking.”
Russia's international reserves reach record high
Russia's international reserves rose to a record high in a week, reaching almost $723 billion, with the Central Bank citing positive revaluation as a key growth factor.
Mir cards may become operational in China
Russian tourists may use Mir payment cards in China soon, with parallel efforts underway to enable QR code-based transactions.
Russian bank cards to be more actively accepted abroad
Russian bank cards will be more actively accepted abroad, Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev said.
Russian Central Bank's key rate may be reduced by 2% on September 12
The Central Bank will consider lowering the key rate at its September meeting, with a potential decrease of 1 or 2 percent, according to VTB.
Armenian banks start requesting information about tax residency
Armenian banks have started to request information regarding the tax residency for the automatic exchange of information, NSV Consulting reported. The financial exchange is conducted in accordance with the OECD standard. …
Armenia's Central Bank leaves refinancing rate unchanged
The Central Bank of Armenia has decided to leave the refinancing rate, or discount rate, at 6.75% per annum, the regulator said.
Georgian bank sues opposition TV channel
Cartu Bank has initiated legal proceedings against opposition-aligned TV Pirveli, accusing the broadcaster of slander.
China's CIPS payment system to operate in Georgia
Georgia and China are expanding economic cooperation. The Governor of the National Bank of Georgia held a meeting with the President of China's Cross-Border Interbank Payment System, which is planned to be implemented in the country's banks.
Russia's Central Bank expects slowdown in inflation to continue
Weekly inflation data indicate that price growth is continuing to slow, Russia's Central Bank governor Elvira Nabiullina said. …
