Edition:
United Kingdom

Elena Fabrichnaya

UPDATE 1-Sberbank converted FX proceeds from DenizBank sale in early August - sources

15 Aug 2019

MOSCOW, Aug 15 Russia's largest lender Sberbank sold a large amount of foreign currency for roubles on the market in early August when it converted proceeds from selling its Turkish business, DenizBank, three financial market sources said on Thursday.

Putin seeks proposals on Basel III risk issue this month -economy minister

15 Aug 2019

MOSCOW President Vladimir Putin has given officials until the end of August to make proposals on how Russia should assess commercial borrowers' risks under new international rules that the domestic banking sector plans to adopt, Economy Minister Maxim Oreshkin said.

Relentless rise of consumer debt in Russia fuels bubble fears for some

15 Aug 2019

MOSCOW Natalia Leontyeva, a Siberian sales manager, bought a second hand car in 2013 with a loan worth about four monthly salaries. She now owes the equivalent of at least four years of earnings, one of a growing number of Russians struggling with debt.

Russia's top borrowers join calls to let banks use domestic ratings, central bank resists

08 Aug 2019

MOSCOW Russia's top gas producer Gazprom and a raft of other major firms have added to calls for the banking sector to use domestic ratings in implementing new financial regulations, saying this would ease pressure on banks and cut lending rates.

Russia's central bank seen cutting rate to 7.25% on Friday - Reuters poll

22 Jul 2019

MOSCOW The Russian central bank is expected to cut its key interest rate on Friday after its policymakers indicated that rate cuts were looming amid slowing inflation and sluggish economic growth, a Reuters poll showed on Monday.

Russia, under sanctions, looks for rouble offshore market -official

17 Jul 2019

MOSCOW, July 17 Russia aims to establish an offshore rouble market to boost its currency's global role and help offset the impact of Western sanctions, deputy finance minister Alexei Moiseev told Reuters.

Russia's finmin, c.bank, VEB to split troubled bank's debt - official

17 Jul 2019

MOSCOW, July 17 Russia's finance ministry, the central bank and the state development bank VEB will split among themselves a 212 billion rouble ($3.4 billion) debt from bank Sviaz, a step needed to support another troubled lender, a senior official said.

Russia central bank to cut rates in small steps

03 Jul 2019

By Elena Fabrichnaya, Andrey Ostroukh and Gabrielle Tétrault-Farber

Russia central bank to cut rates in small steps

03 Jul 2019

By Elena Fabrichnaya, Andrey Ostroukh and Gabrielle Tétrault-Farber

Russia c.bank lowered gold purchase price to encourage exports - governor

03 Jul 2019

MOSCOW, July 3 Russia's central bank has been buying gold on the domestic market at less than the industry benchmark to encourage Russian producers to export more of the metal, the governor told Reuters.

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