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Central Bank halved inflation

The forecast offered by Russia’s Central Bank regarding the 2020 inflation rate in the country has been criticized by economist …

Said Tsarnaev / RIAN

Sovereign default in Russia

Russian government has admitted that one of the entities of the federation, the Republic of Ingushetia, is now bankrupt. Ingushetia’s …

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CBDC prospects in Russia

Digital financial technologies usage is expanding in Russia and globally. Cashless payments are becoming more common every day. In these …

Russia’s banking apocalypse

Russia may face a large-scale closure of banks with 100 banks likely to terminate their business within the next three …