Russian Central Bank lifts restrictions on money transfers abroad
The Central Bank of Russia is lifting restrictions on foreign currency transfers abroad for both Russian citizens and individuals from "friendly" countries, effective December 8.
The Central Bank of Russia is lifting restrictions on foreign currency transfers abroad for both Russian citizens and individuals from "friendly" countries, effective December 8.
The Central Bank of Russia has reported substantial expansion in national foreign currency reserves, with total international reserves now reaching $734 billion.
According to the Governor of Russia's Central Bank, Elvira Nabiullina, the Russian economy has recovered relatively quickly despite the difficult 2022.
The Central Bank of Russia continues to cut its key rate. The rate has declined by 3.5 percentage points over the past five months, from 21% to 16.5%.
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.
Fluctuations in the ruble exchange rate are occurring at fairly strong levels, so it is not worth talking about a systematic weakening of the exchange rate, Russia's Central Bank Deputy Governor Alexei Zabotkin said.
The Bank of Russia has cut the key rate for the third consecutive time, this time by 1%, bringing it down to 17% per annum, the regulator said in a statement. "The board of directors of the Central Bank of Russia has …
VTB CEO Andrey Kostin expects a reduction in Russia's key rate, which currently stands at 18%.
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.
Russia's central bank may be able to cut its key interest rate from 18% this year if inflation slows rapidly, but it does not rule out holding it at that level in order to achieve a sustainable slowdown in price growth, head of the bank's monetary policy department Andrei Gangan said.
Russia’s foreign debt amounted to $323 bln as of July 1, 2025, which is 11.1% (or $32.2 bln) higher than in early 2025, according to files released by the Russian Central Bank.
In July, Russia's international reserves set a new record, rising to $695.5 billion, according to the Central Bank.
The US currency continues its upward trend for the second consecutive day. The day before, it rose above 80 rubles for the first time in a month and a half, while today it exceeded 82 rubles.
The U.S. dollar is showing a 1.21% increase on the Russian interbank market, climbing above 80 rubles, according to data from the Finam trading platform.
Russia's Central Bank has cut its key rate for the second consecutive time - by 2 percentage points this time to 18% per annum.
The European and Chinese currencies also rose
The Russian Central Bank has published the latest data on the volume of gold and foreign exchange reserves of Russia.
Respondents lowered the forecast for the current year to 19.3%
The Bank of Russia may reduce the key interest rate by 2 percentage points to 18% annually at its meeting on July 25, 2025, Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said.
Russia's international reserves increased over the week by $500 million and totaled $ $687.7 billion as of June 27, 2025, the Russian Central Bank said.