finances in Russia

Russian Mir card may be recognized in Iran

Russian Mir card may be recognized in Iran

Iranian Ambassador to Russia Kazem Jalali said that Tehran is discussing with Moscow the Mir payment system recognition. "This issue is on the agenda, which we are discussing with our Russian colleagues," RIA Novosti quoted …

Russia disconnected from SWIFT

Russia disconnected from SWIFT

Western countries have agreed to disconnect Russia from the interbank system for transferring information and payments SWIFT. At the first stage, only banks under new Western sanctions will be disconnected from the system, including Sberbank, …

Head of Crocus Group names financial problems of Russians

Head of Crocus Group names financial problems of Russians

Russians receive low pensions and salaries, which is why the country’s GDP will not grow,” Russian and Azerbaijani businessman, president and owner of the Crocus Group Aras Agalarov said. An increase of the …

Suzdal to adopt tourist fee experience of Crimea and Kuban

Suzdal to adopt tourist fee experience of Crimea and Kuban

The authorities of the Vladimir region intend to initiate the introduction of a tourist fee in Suzdal,  regional head Vladimir Sipagin said at the St. Petersburg International Economic Forum (SPIEF). “In five years, Suzdal …

Major Russian banks officially withdraw from ARB

Major Russian banks officially withdraw from ARB

The Council of the Association of Russian Banks (ARB) has approved applications for withdrawal from the association of Sberbank, VTB, VTB 24, Gazprombank, Rosselkhozbank, Bank Otkrytie, Alfa Bank, Binbank and BM Bank. ”The representatives …

Are Russians interested in Finance Ministry's OFZ bonds?

Are Russians interested in Finance Ministry's OFZ bonds?

The project of issuing "people's" OFZ bonds, announced by Russia's Ministry of Finance on Monday, raises a lot of questions and looks fishy rather than appealing for the public, economists Sergey Hestanov and …

Russian Finance Ministry: 2017 inflation may reach 4%

Russian Finance Ministry: 2017 inflation may reach 4%

Inflation in Russia is now more likely to hit the Central Bank's target of 4% in 2017 than it was previously expected, the Russian Deputy Finance Minister Maxim Oreshkin said. He also said that inflation …