Ruble balance linked to global prices, sanctions, and policy choices
The ruble’s balance hinges on global prices, sanctions impact, and policy choices Russia has seen a dynamic balance between the demand for…
Krasnodar Court Upholds 20 Million Ruble Reputational Award in Deripaska-Tinkov Case
The Krasnodar Regional Court upheld the ruling against Oleg Tinkov, a businessman who has been labeled a foreign agent in Russia, in favor of…
New cross-border duties update for shoppers in North America
New cross-border duties update: how the threshold and charges affect shoppers Ozon began informing its customers that customs duty may be due…
Sberbank Advances ESG Strategy with Expanding Responsible Financing and Sustainable Product Range
At the close of 2023, Sber completed a full three-year cycle of its inaugural ESG program, marking a turning point in how the bank integrates…
Bank of Russia to Pilot Universal QR Code and Biometric Payments Mid-2024
The Bank of Russia is preparing a notable shift in how payments are made by introducing a universal QR code for buying goods and services. A…
Qiwi Shares Hold as DIA Intervenes; Bank License Revocation Impact
The Moscow Arbitration Court denied the interim seizure of Qiwi shares on behalf of the Deposit Insurance Agency in the case against the…
Russia’s Fuel Market Emphasizes Domestic Supply and Stability
Russia’s Fuel Market Sees Emphasis on Domestic Supply and Stability A clear emphasis on prioritizing domestic fuel supply from Russian oil…
Bank of Russia Signals Possible Rate Cut in H2 Amid Data-Driven Outlook
The Bank of Russia has kept the central rate at 16 percent in recent months, but observers anticipate a moderation in the pace of tightening…
Ukraine Energy Attacks and the Strain on Power Infrastructure
Recent events have severely strained Ukraine’s power sector as attacks targeted its thermal generation facilities. According to reports from…
VTB Europe Sanctions Lift Signals Change in Western Banking Landscape
The United States has lifted sanctions on VTB Europe, a regional arm of the Russian state-backed VTB Bank, a move confirmed by a statement…