Rouble strengthens
The rouble strengthened on Wednesday, supported by rising oil prices which also pushed Russia’s benchmark MOEX stock index to a record high, as the finance ministry held two OFZ treasury bond auctions
Promsvyazbank
Ministry of Finance to help Russians with Federal loan bonds purchases
The Russian Ministry of Finance will facilitate the terms of sale of Federal Loan Bonds (OFZ) for the population. According to Deputy Head of the department Sergey Storchak, this decision is caused by the impossibility of …
Russia's State Duma approves transferring Promsvyazbank to defence industry
Russian State Duma approved in the third reading the amendments to the draft law about transferring Promsvyazbank to the defense industry. Russia's Deputy Russian Finance Minister Alexei Moiseyev said that the …
Siluanov about bank chosen for major Russian state arms contracts
Russia's government together with the Bank of Russia appointed PJSC Promsvyazbank as the main bank for Armed Services Procurement operations and major state contracts, the country's Finance Minister Anton Siluanov …
Russia's Finance Ministry: no domino effect from Promsvyazbank bail-out
A decision by the Russian central bank to rescue Promsvyazbank will not have a 'domino effect' in the Russian banking sector, Russia's Deputy Finance Minister Alexei Moiseev said. The central bank on Friday …
Russian Central Bank to 'bail out' Promsvyazbank
Russia's central bank said that it had put Promsvyazbank under temporary administration as part of a bailout plan. The central bank said in a statement it was providing funds to support Promsvyazbank’s liquidity and would send …
Russian Central Bank approves list of systemically important banks
The Russian Central Bank has approved the list of the top 10 systemically important banks. The list includes UniCredit Bank, Gazprombank, VTB, Alfa Bank, Sberbank, Otkritie Bank, Rosbank, Promsvyazbank, Raiffeisenbank and the Russian …
