Elvira Nabiullina News

30.07 / 13:51

Blockchain Reuters Digital country reports International Russia considers legalizing crypto for global payments as it faces ongoing sanctions

Russia is considering legalizing the use of cryptocurrency for international payments as the country faces ongoing financial pressure from Western sanctions.

19.12 / 06:33

COST UPS economy President War medicines Unable to criticize Putin, Russian oligarchs turn ire on central banker

Subscribe to enjoy similar stories. For more than two years, Russia’s expanding war economy fueled consumer spending and juiced company profits. But latterly, the conflict has pumped up inflation and interest rates, pummeling bottom lines and leaving a trail of disgruntled Russian oligarchs and executives in its wake.

31.07 / 01:31

Bill Trade country reports International Russian Lawmakers Pass Bill Allowing Select Businesses to Use Crypto in International Trade

Russian lawmakers passed a bill on Tuesday, July 30 allowing businesses to use cryptocurrencies in international trade, a move aimed at circumventing Western sanctions imposed following Russia’s invasion of Ukraine.

29.04 / 00:17

Digital regulation Bill Trade Experts country Russian ‘Crypto Ban’ Could Come into Force by September, Lawmakers Confirm

A Russian “crypto ban’ could roll out as early as September 1, top lawmakers in the country have confirmed.

15.04 / 06:15

markets COST CBDC FIVE Digital Experts Digital Ruble Rollout Will Cost Russian Banks $536m a Year – Experts

Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed.

05.03 / 07:01

CBDC Digital Citizens Trade President country Russian Central Bank Chief Outlines Next Steps for Digital Ruble

Russian Central Bank Governor Elvira Nabiullina says the country will use “several stages” to roll out its digital ruble.

26.02 / 10:51

BLOCK President country reports politician International Moscow will give ‘symmetrical' response, says minister Anton Siluanov as call to seize frozen Russian assets gets louder

RIA Novosti news service published on Monday. RIA reported that Siluanov’s answer was in response to a question on Russia’s frozen foreign reserves. The group of seven (G-7) nations should be “bolder" in seizing frozen Russian assets, UK Prime Minister Rishi Sunak said in an article published on Sunday.

16.02 / 12:31

markets COST FIVE Trade reports politician Russian rouble slips after Navalny reported dead

MOSCOW (Reuters) — The Russian rouble weakened on Friday after the federal prisons service said jailed opposition politician Alexei Navalny was dead. The central bank's decision to hold its key interest rate at 16% also nudged the currency lower.

16.02 / 11:55

COST Target FIVE economy Sustainability Russian central bank holds rates at 16% after months of tightening

By Elena Fabrichnaya and Alexander Marrow

12.02 / 12:05

Action economy trends President show Putin: Must pay special attention to containing Russian inflation

MOSCOW (Reuters) — Russian President Vladimir Putin on Monday said that special attention needed to be paid to containing price rises, while pointing out that inflation was trending lower.

24.12 / 09:19

Waves Manufacturing Fighting President Experts country reports Russia short of around 4.8 million workers in 2023, crunch to persist - Izvestia

MOSCOW (Reuters) — Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reported on Sunday, citing experts and research from the Russian Academy of Science's Institute of Economics.

21.12 / 08:13

FIVE Citizens economy pandemic President consequences 2020 Russia’s Economy Has a Surprising Problem: A Property Bubble

To placate a war-weary population, Russia has doled out billions of dollars of cheap loans for its citizens to buy new homes. That money is now creating an economic headache that few predicted: a fast-building housing bubble. A debt-fueled surge in housing prices, along with fast-rising inflation, has exposed stark divisions among Russia’s leaders even as the battle rages on in Ukraine.

27.10 / 13:35

Target Reuters Russia hikes rates to higher-than-expected 15%

By Alexander Marrow and Elena Fabrichnaya

19.09 / 01:47

Citi CBDC Target Digital Citizens UBS Ruble Russian Central Bank: Digital Ruble ‘Doesn’t Use Biometric Data’

The Russian Central Bank says that its CBDC, the digital ruble, “has nothing to do with” state efforts to collect biometric data.

15.09 / 14:29

UPS Reuters CEO BCS country Russian rouble pares some gains after central bank hikes rates

By Alexander Marrow

15.09 / 11:09

COST UPS Lowe's Reuters Russian central bank hikes key interest rate to 13%

MOSCOW (Reuters) — Russia's central bank raised its key interest rate by 100 basis points to 13% on Friday, jacking up the cost of borrowing for the third meeting in succession in response to a weak rouble and other persistent inflationary pressures.

11.09 / 06:45

UPS CBDC Digital Citizens Bitcoin Russia ‘Should Scrap Digital Rubles Buying Limit for Foreigners,’ Says Top MP

A Russian political chief thinks the Central Bank could scrap caps on the amount of digital ruble tokens foreigners are allowed to buy – a move that could allow non-Russians to buy “millions” of CBDC coins.

30.08 / 01:13

CBDC Digital stage Ruble Russian Banks to Quiz Central Bank on Digital Ruble Pilot Next Month

Russian banks will have the opportunity to question the Central Bank on its digital ruble pilot next month.

19.08 / 01:57

Citi CBDC Digital Citizens Metro show Ruble analyst Russian Analyst: Digital Ruble ‘Brings No Benefits’ for Ordinary Citizens

A Russian analyst has claimed that the digital ruble, the nation’s CBDC, will bring no benefits to ordinary citizens.

15.08 / 11:33

COST Fallout show country Latin Emerging markets crave big bang stimulus with losses growing

China’s yuan extended its losses for a fourth day and erased all of its post-reopening gains even after authorities cut a key interest rate and began considering a stamp-duty reduction for stock trades. But data releases offered further evidence of a failed economic recovery, leaving investors craving for a big bazooka of stimulus rather than half-hearted darts thrown in the dark. Russia witnessed the same reactions.

04.08 / 08:37

CBDC Adoption regulation Bank of Russia Bank of Russia presents digital ruble’s logo and commission fees

The central bank digital currency (CBDC) project, being developed by the Bank of Russia has now got its official logo. The Bank of Russia has also published commission fee rates, which would exceed zero points only in 2025.

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