Центробанк

Turkish authorities will discuss problems with the use of cards of the Russian payment system "Mir" at a meeting on September 23, President Recep Tayyip Erdogan said. According to him, the use of these cards is a common decision between Turkey and Russia, Anadolu agency reported. “This issue is being analyzed. The relevant authorities will take appropriate steps. Of course, there are alternatives....

Ingushetia is included in a pilot project to introduce Islamic banking. This was reported by the press service of the head and government of the region. According to the head of Ingushetia, Mahmud-Ali Kalimatov, Ingushetia has the lowest percentage of lending to the population - in 2022, the increase in debt per inhabitant amounted to less than 1......

cards. He did not impose restrictions against the NSPK, The US Treasury did not impose sanctions on the National Payment Card System (NSPK), the operator of the Mir system, but warned that "non-US financial institutions that enter into new or expand existing agreements with NSPK risk supporting Russia's efforts to circumvent US sanctions." This is stated in the explanation of the department. Such ...

The Prime Minister gave the relevant instructions to the Ministry of Finance and the Ministry of Economic Development.The deadline for submitting proposals to the government is March 31, 2023 Prime Minister Mikhail Mishustin instructed the Ministry of Finance and the Ministry of Economic Development, with the participation of the Central Bank, to develop mechanisms to stimulate and encourage the f...

The "toxic" dollar and euro should be exchanged primarily for rubles and "invest in yourself," said Maxim Oreshkin, aide to the president. At the same time, a country can be attractive for investment even with a considerable budget deficit, “The dollar and the euro should be exchanged for rubles and not for other currencies,” said Russian presidential aide Maxim Oreshkin during a discussion at the...

In addition, Washington allowed operations to close accounts of individuals in banks that fell under sanctions The US Treasury withdrew operations related to pension payments from sanctions against Russia, follows from the general license. “All transactions necessary for the processing of pension payments to US citizens or persons who are not US citizens and are not located on the territory of the...

In April-June 2022, in countries neighboring Russia, the number of cards in circulation increased more than a year earlier. At this time, the peak of Russian card tourism came after Visa and Mastercard left the market in March, The pace of issuing bank cards in neighboring countries accelerated in the second quarter compared to the same period last year, follows from the data of the central banks ...

Ghana's public debt reached 84% of GDP. At the same time, its inhabitants remain the richest in West Africa, and the country is considered one of the most developed in the region and regularly attracts creditors. The Economist explains, Enu, a market shopper in Accra, the capital of Ghana, peers disappointedly into a small bag of crabs. “Before, having bought crabs for two cedis (the national curr...

After the July talks in Istanbul with the participation of representatives of Russia, Ukraine, Turkey and the UN, the export of Ukrainian grain by sea was resumed. At the same time, according to some Russian officials, there are obstacles to the export of Russian crops, and in addition, there is a threat to domestic agriculture due to the dominance of imported seeds of certain crops and livestock ...

According to the German sanctions legislation, the persons on the sanctions lists after the imposition of restrictions are required to immediately disclose asset data to the government.None of the Russians did this None of the Russians sanctioned by the European Union provided the German government with information about their assets, as required by national legislation on the implementation of sa...

The President also allowed the Central Bank to determine the maximum value of the commission of banks for currency transfers in the event of sanctions against them. President Vladimir Putin signed a decree, one of the clauses of which provides that banks whose funds in foreign currency were frozen abroad can suspend the fulfillment of their obligations to foreign customers in this currency. In ano...

The Central Bank announced a set of measures to supervise banks during the crisis. In particular, he is exploring the possibility of creating an autonomous fund to support the financial sector. The Central Bank is thinking about creating a new fund to support the banking sector. The regulator announced this in a document on the new tasks of the financial market (.pdf). In a negative situation in t...

sanctionsmore than 30 officials of foreign states were hit,whom Washington suspects of “supporting Russia’s annexation of Crimea”US Department of State The United States has extended visa restrictions to 893 Russian officials, including members of the Federation Council and military personnel. This is stated in the statement of the US State Department. The sanctions target individuals whom the Uni...

The representative of the Ministry of Finance of the kingdom said,that the frozen funds belong to 1229 citizens and 110 organizations from Russia Since the beginning of the Russian special operation in Ukraine, Belgium has frozen about €50.5 billion belonging to individuals and companies from Russia that fell under EU sanctions , the Nieuwsblad newspaper reported, citing Francis Adins, a represent...

Russia's assets worth €1.2 billion were frozen in France without taking into account the volume of blocked property of the Central Bank. The European Commission named France among the six countries France has frozen €1.2 billion of Russian assets, and this amount does not include the property of the Central Bank, Guillaume Valette-Vala, head of the intelligence unit of the Ministry of Finance of t...

A ban on the purchase of foreign securities by inexperienced Russians may result in margin calls and the departure of investors in cryptocurrencies, the National Financial Association believes.In return, she proposes to introduce limits on foreign assets. Russian unqualified investors should retain the opportunity to invest in foreign securities, but keep no more than half of their portfolios in t...

New Zealand has also imposed sanctions against a number of defense companies that are engaged in the "production and testing of equipment for the Russian Armed Forces."The Russian Foreign Ministry accused Wellington of following a "Russophobic course" The New Zealand authorities have expanded sanctions against Russia, including Sogaz and Russian Railways, according to the government website. In ad...

Deputy Chairman of the Central Bank Belov said that the "modernization of banknotes" carried out by the regulator pursues other goals,and the question of denomination is not even worth discussing In Russia today there are no objective reasons for the denomination, said in an interview with Izvestia, Deputy Chairman of the Central Bank Sergei Belov. Denomination - the exchange of old banknotes for ...

If the National Clearing Center and the Moscow Exchange fall under sanctions, currency trading will be paralyzed. In this case, the Central Bank plans to create an analogue of Bloomberg - a platform The Bank of Russia is discussing with market participants how to determine the exchange rate of the ruble against the dollar and the euro if the National Clearing Center and Moscow Exchange fall under ...

The US S&P 500 fluctuations in June were three times the level of volatility before the pandemic, and the NASDAQ Composite has fallen by almost 30% since the beginning of the year. The Economist explains, Market analysts and investors often find the times in which they live unique. History has at least four "black Mondays" (a sharp one-day stock market fall. -). They got their name by analogy with...

The Deputy Foreign Minister of Iran announced the agreements reached between the countries on the imminent launch of the Russian payment system in Iran. On the eve of ATOR reported, The Russian payment system Mir will soon be launched in Iran, there are agreements on this matter, Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari told RIA Novosti. “I think that this payment system...

Business began to look positively into the future: the business climate index in June for the first time since the beginning of the special operation went into plus, the Central Bank estimates showed. Despite the sanctions,companies expect a recovery in demand, taking into account the development of new markets The business climate indicator monitored by the Bank of Russia on a monthly basis retur...

Inflation in Western countries has reached its highest levels in decades. This is largely due to military operations in Ukraine. RBC shows, The new risks stemming from the Russian military operation in Ukraine and the sanctions imposed by the West in response have led to the fact that inflationary pressure on the global economy, which has not yet recovered from the covid crisis, has increased dram...

European Union intends to support Ukraine as long as the country needs this assistance, Scholz promised. The chancellor said: “In Europe, we are ready for the fact that the sanctionswill stay for a long timethey will not be removed at the conclusion of a peace agreement on Russia's terms" Olaf Scholz The European Union was initially preparing to maintain sanctions for a long time, not a single res...

can cost the Russian economy from 6.4 to 11.5% of the decline in 2022, depending on different scenarios for the development of the crisis. Under certain parameters, in 2023 the losses of the economy may be greater, The Institute for Applied Economic Research (IPEI) of the RANEPA has developed a model for predicting the decline in the Russian economy due to external economic shocks. The results obt...

The EU will not fight Russia in response to a military operation in Ukraine, Borrell said. He considered the sanctions effective enoughagainst Russia,which will only intensify in the near future Josep Borrell The EU has no plans to go to war with Russia, EU High Representative for Foreign Affairs and Security Policy Josep Borrell said in an interview with the Japanese newspaper Yomiuri. “The EU do...

Earlier US Treasuryreported on the blocking of assets of the Russian Central Bank by about $ 300 billion,as well as other Russian-related assets worth more than $30 billion The freezing of Russian assets is one of the greatest thefts in history, Deputy Secretary of the Security Council Alexander Venediktov said in an interview with RIA Novosti. “Let's call a spade a spade: the freezing of Russian ...

The average annual exchange rate of the ruble in 2023 will be 83 rubles. per dollar, if Russia manages to replace the falling oil exports to the EU by half and a barrel of Brent will cost $100, estimated at Renaissance Capital, The ruble exchange rate in 2023 will be 83 rubles. per dollar, if Russia is able to redirect the falling oil exports to Europe by 5......

Britain imposed sanctions against Potanin, Rudskoy and Tsivilevagainst a number of Russian citizens and companies. Under the restrictions, among other things, were the Deputy Chief of the General Staff Rudskoy, the Governor of the Kemerovo Region Tsivilev and his wife, Власти Великобритании включили в санкционный список российского бизнесмена Владимира Потанина и губернатора Кемеровской области Се...

The head of the supervisory board of the exchange, Sergei Shvetsov, called the suit promising. In his opinion, the National Settlement Depository has a chance to release the frozen assets, The Moscow Exchange is preparing a class action lawsuit due to EU sanctions against the National Settlement Depository of Russia (NSD), head of the Exchange's Supervisory Board Sergei Shvetsov said at a session ...