May 7, 2013
Russian President Vladimir Putin signed into law Tuesday a bill that bans scores of Russian officials from keping their money in foreign banks, but allows them to own property abroad
April 28, 2013
Russian entities and individuals have indeed constituted a large share of all the Cyprus depositors, but to punish all Russian depositors for Cypriot failings is patently unjust and perhaps illegal
April 1, 2013
Russian First Deputy Prime Minister Igor Shuvalov believes that the Russian banking system is quite reliable for keeping the capitals
March 27, 2013
It’s a game-changer for the global South as the bank is envisaged as an alternative to the Bretton Woods institutions
March 19, 2013
The unprecedented and steep deposit tax the EU wants to shove down Cyprus’ throat will shave over $3 billion in Russian assets. These are legitimate funds and not a mafia stash as some like to believe
March 18, 2013
President Vladimir Putin has signed a government-sponsored law banning foreign banks from opening branches in Russia, the government’s website said on Friday.
February 18, 2013
The BRICS leaders plan to discuss the creation of a single bank and a "virtual secretariat" at the forthcoming summit in South Africa
February 11, 2013
Indo-Russian banking cooperation is developing actively and now it has become possible to speak in terms of real interaction between the banking sectors of the two countries
January 28, 2013
Effective as of 2013, banks are required to establish the source of funds for any transaction performed by a public servant and exceeding 15,000 rubles (about $500)
December 12, 2012
In the second part of this series on Russian investment in India, Alexandra Katz looks at the hurdles faced by lesser known Russian joint ventures in India
December 11, 2012
An explosion in the number of credit cards issued has banks scrambling to offer clients attractive conditions, but a major financial event could lead to insolvency
December 6, 2012
The Bank of Russia reveals that the bulk of money Russians send abroad is for grants and donations, in the category of “non-repayable transfers and proceeds.” Why are Russians so eager to donate cash to economically prosperous nations?
November 22, 2012
A VTB bank subsidiary plans to install scanners in its ATMs in order to test a biometric customer ID system. Experts applaud this initiative but warn that the cost of the terminals may erode the profits from the launch of the new ID solution
November 19, 2012
Russian state companies have the highest-paid top managers, according to a list published by Forbes magazine.
September 21, 2012
Although moving into the Russian market is challenging for foreign banks, those with a long commitment to the country benefit from an expertise few Russian banks have
April 23, 2012
India has proposed setting up of a working group on the feasibility of a BRICS (Brazil, Russia, India, China and South Africa) developmental bank, the decision on which was taken at their recent summit meeting in New Delhi.
March 30, 2012
The major development banks of the BRICS states will finance projects in each other's states in national currencies, Russia's national development bank Vnesheconombank (VEB) said on Thursday, after VEB signed a deal with BRICS nations banks in Delhi,
March 29, 2012
An important achievement of the BRICS summit in New Delhi is the agreement among the members to foster trade in local currencies. But to play a sustained and significant role, the members must coordinate their policies and rise above bilateral differ
March 21, 2012
The ‘club’ of emerging economies known as the BRICS are strengthening their union. The countries are mulling over setting up a single development bank to promote joint investment initiatives, as well as their domestic currencies.
March 20, 2012
Foreign investors finding much to like in Russian government bonds after a new law eases trading rules