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The United States has allowed transactions with Russian banks in the energy sector: what does this mean
... "RBC Companies."
The article analyzes the U.S. decision to temporarily ease sanctions on transactions involving Russian banks related to the energy sector. This includes lifting restrictions on major financial institutions like Sberbank and VTB, allowing continued transactions in the oil and gas sector. Such a move could help avoid disruptions in global energy markets and support the stability of Russia's currency flows. The article explores the potential consequences for the economy and ...
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 this article, we will examine in detail what requirements systemically important banks must meet, how this affects the stability of the ...
High Interest Rates and Revoked Licenses: What Awaits the Russian Banking Sector?
... under prolonged high-rate conditions, this practice could catalyze a structural change in the banking sector, leading to consolidation and increased influence of the largest players.
2. Increase in Deposit Interest Rates
In the current economic climate, VTB, Sovcombank, Gazprombank, and other banks in Russia have sharply raised their deposit rates. For instance, VTB has offered clients returns of up to 24% per annum on deposits, a response to the Central Bank's key rate. Such high returns not only attract ...
Calendar of Economic Events for Investors and Traders (December 2 - December 6, 2024)
... - S&P Services/Composite PMI (Nov)
18:00 MSK: USA - ISM Manufacturing PMI (Nov)
18:00 MSK: USA - Factory Orders (Oct)
18:30 MSK: USA - EIA Crude Oil Inventories
21:45 MSK: Fed Chair Powell speech
22:00 MSK: USA - Fed Beige BookImportant event: 15th VTB Investment Forum "RUSSIA CALLING!" - Day 1Central Bank speakers: Bank of England Governor, ECB President Lagarde, Nagel (ECB), Fed Chair Powell
Key reports on Wednesday (USA and Russia):
Europlan ($LEAS): EGM on dividends for 9 months of ...
What are the financial results of Astra Group according to IFRS for 9 months of 2024?
... demonstrates the company's commitment to innovation and expansion of its offering to customers.
ComNews
Strengthening market positions: Significant cooperation agreements with Russian regions and leading companies from various sectors of the economy, such as VTB, ALROSA, Sber and Europlan, indicate the successful promotion of the company's products on the market.
ComNews
Team growth: The increase in the number of employees to 2.6 thousand people, of which more than 70% are IT specialists, demonstrates the ...