Microloans against housing property legislatively banned in Russian FederationStarting November 1, microfinance companies will be banned from accommodating borrowers with loans on the housing security. A relevant law took effect in Russia.15:25 01.11.2019
Russian MPs propose biometric identification for microloan borrowersA group of the United Russia lawmakers has submitted a bill banning microfinance organizations from transferring microloan funds to clients without biometric identification of borrowers to the State Duma.14:00 10.10.2019
Upper house of Russian parliament agrees to microloan amendmentsThe upper house of parliament, Russia’s Federation Council, on Friday supported a bill prohibiting microfinance companies from providing home equity credits.19:01 26.07.2019
Two regional officials investigated over alleged abuse of officeA former deputy chairman of the government of Russia’s Astrakhan Region Rasul Sultanov and the region’s finance minister Vitaly Shvedov have fallen under investigation on suspicion of abuse of office.12:59 26.07.2019
Russia’s State Duma adopts ban on microborrowing on housing pawnA bill prohibiting microfinance companies from providing home equity credits has passed its third and final reading in the lower house of Russian parliament.12:56 24.07.2019
Russia’s regional MPs propose to reduce credit record storage termThe parliament of Russia’s Republic of North Ossetia-Alania has submitted a bill reducing credit record storage time from 10 to 3 years to the State Duma.12:46 05.07.2019
Russian pensioners owe $13 billion to banks – United Credit BureauOverall debt of Russian pensioners to banks reaches about 885.9 billion rubles (about $13 billion).17:00 21.08.2018
Russian Supreme Court clarifies interpretation of fraud with respect to receipt of loansRussia’s Supreme Court has clarified that obtaining of preferential loans in a wrongful way by businesspersons should not be interpreted as a fraud, but rather as an unlawful receipt of a credit.11:42 30.11.2017
Russian Internet retailer’s co-owner put under house arrest in credit fraud caseThe Smolninsky District Court of St. Petersburg on Wednesday placed Dmitry Kostygin, a co-owner of Russian Internet retailer Ulmart, under house arrest until December 9.20:37 11.10.2017
Russian businesswoman ordered to pay $9,600 to DepardieuThe Moscow Commercial Court has collected 591,000 rubles ($9,600) from businesswoman Yelena Lazareva in favor of film star Gerard Depardieu.16:29 14.02.2017
Russian senators propose $78,000 fines for illegal lendingMembers of the Federation Council, Russia’s upper house of parliament, Sergei Ryabukhin and Nikolai Zhuravlev, have submitted a bill to the State Duma introducing fines of up to 5 million rubles ($78,000) for carrying out illegal consumer loan application.11:45 08.07.2016
Nearly 593,000 Russians face bankruptcyNearly 593,000 Russian nationals are on the verge of personal bankruptcy representing 1.4% of all people who have loans with open bank accounts.15:59 06.04.2016
Case over alleged $96 mln embezzlement at VTB bank goes to courtThe Russian Prosecutor General’s Office has forwarded a criminal case over alleged embezzlement of 5 billion rubles ($96.4 mln) from the Bank for Foreign Trade (VTB) to court.11:53 23.04.2015
Lawsuit on alleged IMF loan to Ukraine dismissedThe Moscow Commercial Court has dismissed a civil lawsuit against the Russian officials that allegedly did not take action to prevent the International Monetary Fund from using the funds provided by Russia for a loan to the Ukrainian government, an act the plaintiffs claim is illegal, the court told RAPSI.14:07 15.04.2014
Rosneft subsidiary ordered to satisfy $186 mln arbitral award to Yukos CapitalA US federal court ordered Russian gas giant Samaraneftegaz to turnover assets in order to satisfy an approximately $186 million arbitral award granted to Yukos Capital SARL.14:44 14.01.2014
Russia's Central Bank cracking down on costly consumer loansRussia’s Central Bank said Thursday that it was cracking down on costly consumer loans, including with a measure obligating banks that lend out money at 60 percent interest to back such loans by 600 percent with their own money.10:10 06.09.2013
Supreme Court clears up termination terms for loan contractsThe death of a guarantor and terms of early termination of loan contracts which are not specified in the legislation are not considered sufficient grounds for terminating loan guarantees and demanding early repayment.13:28 24.05.2013
Yukos Capital loans to Rosneft subsidiary deemed invalidThe Eleventh Commercial Court of Appeals has upheld the lower court judgment declaring null and void $92 million in loan agreements between Luxemburg's Yukos Capital S.a.r.l and the Rosneft subsidiary Samaraneftegaz.17:46 18.07.2012
Court decision invalidating Yukos Capital's $100 mln loan appealedThe Eleventh Commercial Court of Appeals has registered an appeal against a court decision to invalidate loan contracts worth over $101.4 million signed between the Luxemburg-based Yukos Capital S.a.r.l. and Samaraneftegaz, a part of the Rosneft oil company.18:11 16.03.2012
Dispute over YUKOS subsidiary's loans to be heard on April 11The Moscow Commercial Court postponed on Monday until April 11 its hearing of the Luxemburg-based Yukos Capital S.a.r.l.s $383 million lawsuit against Yuganskneftegaz.14:10 05.03.2012