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Updated List of Systemically Important Credit Organizations: What It Means and Its Impact
The Central Bank of Russia has updated the list of systemically important credit institutions, confirming the country's largest banks, such as Sberbank, VTB, Alfa-Bank and others. Why is the SZKO status so important for banks, and what does it give to their clients? In ...
What is devaluation in simple terms and how does it affect the Russian economy?
Devaluation is the process of devaluation of the national currency, which each of us feels when prices rise and purchasing power falls. In this article, we will analyze why devaluation occurs, how it affects prices, business and everyday life of Russians, and what steps can be ...
The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects
The Central Bank of Russia has taken a significant step towards strengthening the country's currency market by purchasing the Saint Petersburg Currency Exchange. How will this affect currency transactions, what will the new platform give the Central Bank, and what prospects ...
Economic News: Saturday, July 26, 2025 - CBRF Reduces Rate, Wall Street Hits New Highs
... significant date for economic news in Russia and worldwide was marked. The Central Bank of the Russian Federation (CBRF) decided to lower the key interest rate, which had a... ... partners discuss ways to ease trade disputes, uncertainty persists. Export-oriented economies in Asia (especially the high-tech sectors of Southeast Asia) are vulnerable... ... are balancing between supply-reducing factors (voluntary production limits from OPEC+ countries and sanctions against Russia) and signs of weakening fuel consumption.
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Economic Events and Corporate Reports - Tuesday, August 5, 2025 - PMI Index and US Trade Balance
August 5, 2025, promises to be eventful in terms of economic activities. On this day, crucial reports influencing global financial markets ... ... influence investor sentiment and the dynamics of global markets. Investors from the CIS countries are closely monitoring key business activity indicators, foreign trade statistics... ...
Tuesday will see the release of a large block of Services PMI indices for July across key economies—from Asia to Europe. These indicators will provide insight into the state...