According to the Federal Bailiff Service, during the first six months of 2023, the number of loan defaulters reached 17.7 …
Russia adopts legislation to regulate Islamic (partnership-based) banking and finance
Implementing Islamic banking practices – a system that emerged in most Muslim countries and many other countries in Europe, the …
Nikita Maslennikov: Russia, businesses and people to win from digital ruble
In July, Russian President Vladimir Putin signed a bill on establishing a legal framework for implementing the digital ruble, into …
Boris Kheifets: Key bid in 2023 can still grow
The Central Bank of the Russian Federation sharply raised the key rate from 8.5% to 12%, making a reservation that …
Agvan Mikaelyan: Russians keep their accounts in good standing
The most creditworthy Russians live in the Yamalo-Nenets Autonomous Area, in Moscow and in Chukotka, the Foundation for Civil Society …
Pavel Medvedev: Russians no longer feel anxiety about their finances
In 2022, more than a third of Russians (36%) preferred keeping their savings in cash over bank deposits, as was …
How foreign purchases have changed for Russians
Russian markets continue to adapt to new economic conditions, and the end of this process is not yet visible. But …
US dollar as a retiring currency: What will replace it?
The US dollar remains the main currency for international settlements on the global market. In April 2023, it accounted for …
Artem Genkin: Digital currencies raise personal and national sovereignty concerns
On May 22, the Russian Chamber of Commerce and Industry (RCCI) hosted a roundtable, held by the RCCI Council on …
Digital substitution: Can CBDC replace dollar?
The US dollar will lose its status as the world’s leading currency within the next decades. About half of the …