Russian banks’ profits could beat 2023 record – central bank — RT Business News

Russian banks’ profits could beat 2023 record – central bank — RT Business News

Source link The current year could prove even more profitable for Russian banks than record-breaking 2023, Central Bank Deputy Governor Olga Polyakova said at a conference on Tuesday. Last year, a sharp rise in mortgages as well as consumer and corporate lending resulted in banks posting profits of 3.3 trillion rubles ($35.4 billion), despite Western […]

UAE banks closing Russian accounts – media — RT Business News

UAE banks closing Russian accounts – media — RT Business News

Source link Lenders are wary of secondary Western sanctions for dealing with Moscow, sources told the news outlet Vedomosti Several large banks in the United Arab Emirates have begun limiting transactions with Russia and closing the accounts of Russian companies and individuals due to the risk of secondary Western sanctions, the news outlet Vedomosti reported […]

Turkish banks closing Russian accounts – Vedomosti — RT Business News

Turkish banks closing Russian accounts – Vedomosti — RT Business News

Source link Turkish banks have started closing Russian corporate accounts and tightening policies for individuals following threats of secondary sanctions from the US, business daily Vedomosti reported on Thursday, citing financial consultants and business owners. The sources said that the situation had worsened after US President Joe Biden signed an executive order in December announcing […]

Kremlin reacts to claims about Chinese banks — RT Business News

Kremlin reacts to claims about Chinese banks — RT Business News

Source link Financial transactions are a matter for the companies involved and not for the government, presidential spokesman Dmitry Peskov has said The issue of compliance with US sanctions by Chinese banks falls outside the purview of the Kremlin, presidential spokesman Dmitry Peskov told reporters on Tuesday. He declined to comment on a Bloomberg report […]

Chinese banks tightening restrictions on Russians – Bloomberg   — RT Business News

Chinese banks tightening restrictions on Russians – Bloomberg   — RT Business News

Source link The US has approved imposing secondary sanctions on institutions found aiding Moscow Chinese state-owned banks are tightening controls on servicing Russian clients after Washington approved secondary sanctions on financial institutions found aiding Russia’s military-industrial complex, Bloomberg reported on Tuesday, citing people familiar with the matter. In December, US President Joe Biden signed an […]

US threatens to cut off international banks over Russia ties — RT Business News

US threatens to cut off international banks over Russia ties — RT Business News

Source link President Joe Biden has signed an executive order enabling sanctions on foreign institutions that continue to deal with Moscow US President Joe Biden signed an executive order on Friday authorizing the Treasury Department to impose new sanctions that would cut off foreign financial institutions working with Russia from those operating in the US, […]

EU bank’s shares shoot up on back of Russia deal — RT Business News

EU bank’s shares shoot up on back of Russia deal — RT Business News

Source link Raiffeisen earlier announced plans for its Russian subsidiary to buy a stake in an Austrian construction group Shares in Raiffeisen Bank International (RBI) rallied around 12% on Wednesday shortly after the banking group announced plans for its Russian unit to purchase a stake in Austrian construction company Strabag. A complex transaction is expected […]

Swiss banks charging Russians for frozen accounts — RT Business News

Swiss banks charging Russians for frozen accounts — RT Business News

Source link Some Swiss financial institutions have begun charging their Russian clients fees on frozen accounts; these sometimes accrue interest payments years in advance, Vedomosti reported on Tuesday, citing bankers and a brokerage firm. A source in an auditing company told the outlet, citing an employee at one of the Swiss banks, that commissions on […]

Dominance of Western banks will end – Putin — RT Business News

Dominance of Western banks will end – Putin — RT Business News

Source link New technologies are threatening the West’s archaic financial system, according to the Russian president The Western financial system is becoming outdated because of new technologies and could lose its dominant global position in the near future, Russian President Vladimir Putin said on Thursday. Addressing the VTB Investment Forum in Moscow, Putin pointed out […]

End of capitalism in US tops Saxo Bank’s ‘outrageous’ predictions — RT Business News

End of capitalism in US tops Saxo Bank’s ‘outrageous’ predictions — RT Business News

Source link The Danish investment bank also ‘expects’ Robert F. Kennedy Jr. to take the Oval Office in 2024 Saxo Bank has revealed its annual list of “outrageous” events that are unlikely to happen, but could send shock waves across global markets if they came true. The tongue-in-cheek outlook created by analysts at the Copenhagen-based […]

Central banks risk plunging developed world into recession – OECD — RT Business News

Central banks risk plunging developed world into recession – OECD — RT Business News

Source link Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into recession next year, the Organization for Economic Co-operation and Development (OECD) has warned. According to its global outlook, issued earlier this week, the tightening of monetary policy since early 2022 is slowing domestic demand growth, while interest rates […]

Israel’s largest banks block Russian assets – media — RT Business News

Israel’s largest banks block Russian assets – media — RT Business News

Source link The three largest Israeli banks have segregated assets in accounts belonging to Russian citizens or Russian tax residents, Forbes reported on Wednesday, citing Mark Oigman, the founder of international financial company SmartGen. Previously, the EU’s largest depositary Euroclear demanded that its partner-banks separate accounts that belong to Russians in order to monitor compliance […]

Indian banks should do more to boost rupee-ruble payments – Russian envoy — RT India

Indian banks should do more to boost rupee-ruble payments – Russian envoy — RT India

Source link Moscow’s ambassador to New Delhi says the settlement mechanism between the two countries requires some fine-tuning “Extra efforts” are required by Indian banks and companies dealing with Russia to fully utilize the potential of the rupee-ruble payment settlement mechanism, Moscow’s envoy to New Delhi, Denis Alipov, said at an event on Monday. Speaking […]