At the end of last year, the insurance pensions of Russians increased by a total of 15% compared to 2022. …
Russian home-buyers to benefit from new housing deposit tool
The State Duma is considering legislation facilitating the creation of a new financial product – a fixed-term interest-paying account the …
Russians can transfer money between their accounts at different banks free of charge
Large Russian banks began to cancel inter-bank transfer fees for transactions between accounts owned by the same holder before the …
Share of yuan deposits in Russian banks grows
The share of Russians’ deposits in the Chinese currency continues to grow, due to relatively high interest rates offered for …
Experts are waiting for increased control over the money of individuals in Russia
The pause in the revocation of bank licenses in Russia, which lasted all last year, apparently ended. In the incomplete …
Ruble’s share in Russian foreign trade payments grows sharply
In 2023, the ruble became the main currency used in settlements with countries in Europe and Asia; American buyers mainly …
China profits from exchanging cars for Russian gas
Chinese Foreign Minister Wang Yi highlighted the extensive prospects of trade cooperation between Russia and China, emphasizing that in 2023, …
Personal cash withdrawals reach record high in Russia
A record 33.3 tln rubles in personal cash withdrawals were recorded in Russia in 2023, reaching a ten years’ high. …
Central Bank explains impact of sanctions on Russia’s exports
The downward trend in export volumes continues. The Bank of Russia experts predicted two possible future scenarios at their key …
Russia’s oil exports decrease in 2023
During an open dialogue in the Federation Council, Deputy Prime Minister Alexander Novak stated that in 2023, Russia’s oil exports …