VTB’s European subsidiary is excluded from sanctions
The United States lifted sanctions against VTB Europe, a subsidiary of Russian VTB bank. This was reported by RIA News Citing a statement from…
Central Bank announced its plan to reduce interest rates
The Bank of Russia’s key interest rate, currently at 16 percent, will be reduced in the second half of the year. This was stated by the…
The Council of Ministers was instructed to direct fuel supply to the domestic market
The domestic market should become a priority in fuel supply from Russian oil companies. This was stated by Deputy Prime Minister Alexander…
Sber’s responsible financing portfolio will reach 3.1 trillion rubles in 2024
At the end of 2023, Sber completed the three-year cycle of its first ESG strategy. Tatyana Zavyalova, Sberbank’s Senior Vice President for…
The court did not seize the shares of JSC Qiwi at the request of DIA
The Moscow Arbitration Court rejected the seizure of shares of JSC Qiwi as an interim measure on behalf of the Deposit Insurance Agency (DIA)…
Marketplaces started warning buyers about paying taxes
Ozon started to warn its customers that customs duty must be paid on orders from abroad with a value over 200 euros. This was reported by RIA…
A universal payment method may appear in Russia
The Bank of Russia plans to launch a pilot project to use a universal QR code for payments for goods and services in mid-2024. This was stated…
Tinkov lost to Deripaska in the second instance court
The Krasnodar Regional Court rejected the appeal of businessman Oleg Tinkov (recognized as a foreign agent in the Russian Federation) against…
Money demand and supply balance recorded in Russia
In Russia, there is a balance between the demand and supply of foreign currency, as evidenced by the current exchange rate of the ruble. This…
In Russia, they suggested showing customers the marking on products in stores
In Russian stores, it is worth starting to show an increase in the purchase price of socially important goods in order to avoid a speculative…