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The Central Bank of Russia has signed a deal to sell 100% of shares in Otkritie Bank to the VTB Group for 340 billion rubles, the regulator said in a statement. VTB will pay a cash consideration of 233.1 billion rubles plus federal loan …
Annual inflation in Russia geared down to 11.98% in November 2022, the Central Bank says on Monday. "Consumer prices hiked by 0.37% in November - by 0.26% with the seasonal adjustment. The incremental growth of prices against …
The Bank of Russia plans to test the use of cryptocurrency for international payments within the regulatory sandbox framework, First Deputy Chairperson of the Central Bank Olga Skorobogatova said in the State Duma (lower house) on Monday. …
Unemployment in Russia has dropped to a record low, under these conditions, real wage growth is accelerating and could outpace productivity growth, the Bank of Russia said in a press release after a meeting of its board of directors on …
The Bank of Russia once again decided to keep the key rate at 7.5% per annum, the regulator reported on Friday. "The Bank of Russia Board of Directors decided to keep the key rate at 7.50% per annum. Current consumer prices are …
Russia’s international reserves amounted to $567.289 bln as of December 1, 2022, which is 3.67% (or $20.095 bln) higher than as of the beginning of November, according to the files released by the Central Bank on Wednesday. As of …
The current level of the ruble exchange rate reflects the priority needs of the Russian economy, Central Bank Deputy Governor Alexei Zabotkin said at the International Forum of the Financial University. "The ruble exchange rate is …
The board of directors of the Central Bank of Russia has determined cases in which authorized banks and the state corporation VEB.RF are allowed to export cash in excess of the set limit of $10,000 or equivalent, the regulator said in a …
The recovery of the national economy will last longer than expected earlier, the Bank of Russia says in the monetary policy report released on Tuesday. "The cumulative effect of problems that were secondary in terms of importance …
The baseline scenario for the forecast factored into the Central Bank of Russia's (CBR) monetary policy guidelines still remains the most likely, but the pessimistic scenario has become more realistic recently, Central Bank chief Elvira …
The structural transformation of the Russian economy will last for years, Central Bank Governor Elvira Nabiullina said addressing the State Duma (lower house) on Tuesday, adding that a global crisis would complicate the transformation …
The Bank of Russia’s Chief Elvira Nabiullina said there should be no compulsory conversion of currency into rubles, speaking at a press conference following a meeting of the Board of Directors of the regulator. "Citizens …
The Bank of Russia is interacting with foreign partners on alternatives to the Mir payment card, Central Bank chief Elvira Nabiullina said on Friday at the press conference after the regulator’s Board meeting. "We are …
The board of directors of the Bank of Russia has decided to keep the key rate at 7.5% per annum after several reductions, according to a press release published by the regulator following the board meeting on Friday. "On 28 October …
The Central Bank of Russia's board of directors is taking the pace of inflation and inflation expectations of households business into account and in these conditions it intends to make further decisions on the rate based on the development …
The Board of Directors of the Bank of Russia once again decided to lower the key rate — this time by 0.5 percentage points, up to 7.5% per annum, the regulator announced on Friday. "On 16 September 2022, the Bank of …
Russia’s international reserves as of September 1, 2022, amounted to $565.66 bln, which is 1.95% (or $11.244 bln) lower than at the beginning of August, the Bank of Russia said. As of September 1, 2021, international reserves …
Russia’s international reserves dropped by $7.2 bln or by 1.3% over the week and amounted to $566.8 bln as of August 26, 2022, the Central Bank said on Thursday. "The amount of international reserves as of …
Russia’s international reserves dropped by $6.6 bln or by 1.1% over the week and amounted to $574 bln as of August 19, 2022, the Russian Central Bank said. "The amount of international reserves as of August 19 totaled $574 …
Russia’s international reserves totaled $580.6 bln as of August 12, 2022, up by 1.01% (or $5.8 bln) in one week, the Central Bank reported on Thursday. "International reserves amounted to $580.6 bln as of August 12, up by …
