PLUS-dailyRSS
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Mir cards demonstrate upswing in demand
Consumers open cards of the Mir payment system and pay with them more often against the backdrop of sanctions imposed by Visa and Mastercard.
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Bank of Russia limits foreign currency withdrawals
Under the new rules, Russians will be allowed to withdraw as little as $10,000 from their foreign currency accounts.
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Amount of cash in Russia grew to record high in February
In February, the demand for cash was even higher than in the first wave of the coronavirus pandemic in March-April 2020.
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The Central Bank of Russia has reduced the commission paid by individuals when buying currency on the stock exchange to 12%
The commission amount announced a few days earlier by the Bank of Russia was 30%.
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Russian residents banned from exporting foreign currency over $10,000 worth
Besides, in addition to the ban on the export of foreign currency, residents were obliged to observe a “special procedure” when concluding transactions with foreign persons associated with “unfriendly” countries.
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Russia to announce new phase of capital amnesty
It will help Russian businesses protect their assets.
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Head of National Bank of Kazakhstan assesses impact of sanctions on national financial market
To minimize the negative consequences, the National Bank plans to introduce a raft of measures aimed at mitigating the risks of inflation growth, protecting tenge savings and guaranteeing the prudent use of the country's gold and foreign currency reserves.
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Russia’s Central Bank to extend more support for credit institutions
The regulator will support credit institutions against the backdrop of Western sanctions and introduce new measures to remain in effect until December 31, 2022.
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Crypto business won’t stop provision of services to Russian citizens
Cryptocurrency companies are ready to follow the key principles of “cryptocurrency without borders”, despite the political situation.
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Sberbank Executive VP David Rafalovsky resigns
In 2019, Christofari, the most powerful supercomputer at that time in Russia, was developed under his leadership.
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Bank of Russia Governor Elvira Nabiullina speaks in follow-up to Board of Directors meeting
The Central Bank will make further decisions on the monetary policy based on actual developments and risk assessment, while the monetary policy will be aimed at maintaining financial and price stability.
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Bank of Russia doubles its key rate
The Governor of the Bank of Russia will announce this decision today, February 28, 2022 at 16:00 Moscow time.
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Bank of Russia makes first statement after sanctions
The regulator assures that the Russian banking system is stable and has sufficient capital and liquidity to operate whatever the circumstances may be.
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In 2021, Russians made payments through FPS more often, but for smaller amounts
Russian Standard Bank studied the dynamics of money transfers popularity among Russians in 2021 and named the most popular types thereof.
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FinTech Association studied implementation of Open APIs in Russia
The study “Areas of Open APIs standardization and their mandatory publication by participants in the financial services market in Russia” was prepared in colaboration with the international consulting company Accenture.
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Interest rates on microloans may be halved in Russia
Market participants have criticized the draft law on reducing the cap rate, believing this will impact the MFO market adversely.
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Average mortgage term reached 20 years in Russia
Along with the average period of a mortgage loan, the average size of the real estate purchase loan also increased.
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Decree on cryptocurrency circulation specifics passed in Belarus
On February 14, Belarus President Alexander Lukashenko signed a decree “On Virtual Wallets Addresses (Identifiers) Register and Specifics of Cryptocurrency Circulation”.
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South Korean CU retail chain began to accept Mir cards for payment
CU, a popular chain of convenience stores in South Korea, has begun acceptance of Russian Mir cards.
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Sovcombank closes acquisition of Vostochny Bank
The operational integration of the banks was completed in 2021. On February 14, 2022, Vostochny Bank merged with Sovcombank, which became the legal successor of the assets and liabilities of the former.