The Central Bank of Russia

Tag: The Central Bank of Russia

Russia’s Cabinet approves replacement of LIBOR rate with special Central Bank rate

The Government Law-Making Commission has approved an initiative to replace the LIBOR (London Interbank Offered Rate) rate with the special rate of the Bank of Russia when disciplining credit institutions failing to remedy registered breaches.

14:13 27.07.2021

Former top manager of Russia’s Central Bank put in detention on embezzlement allegations

Moscow’s Tverskoy District Court on Friday put ex-deputy chairman of the Central Bank Konstantin Korishchenko as part of an embezzlement case until August 16.

17:25 18.06.2021

Russia’s Central Bank lays bare companies with clandestine practice signs

The Central Bank of Russia has published the list containting over 1,800 organizations and Internet projects showing the signs of illegal activities, including Ponzi schemes, backstreet loan sharks and professional securities traders.

11:22 02.06.2021

No more scheduled inspections of nonprofits in Russia – Justice Ministry

No future scheduled inspections of non-profit organizations (NPOs) are planned in Russia, Deputy Minister of Justice of Russia Maxim Bezkhmelnitzin said at the Digitalization of National Jurisdiction discussion session held within the framework of the St. Petersburg International Legal Forum (SPBILF) 9 ¾, which completed its work in St. Petersburg on Saturday.

11:19 24.05.2021

Assets worth nearly $4 bln seized from four bankers on Russian Central Bank’s request

The Moscow Commercial Court has distrained property worth 283.8 billion rubles (about $4 billion) belonging to Mikail Shishkhanov, ex-president of Binbank and owner of Rost Bank, and three other bankers upon a request of Russia’s Central Bank.

14:32 01.10.2020

Central Bank passes further steps to protect Russian citizens’ interests

The Central Bank has established additional measures to protect the interests of Russian citizens.

16:18 17.04.2020

Putin orders Government to draft coronavirus economic impact bailout plan

President Vladimir Putin has ordered the Government to take measures managing the fallout from the economic crisis caused by the coronavirus epidemic.

13:31 03.04.2020

Parliament's lower house approves purchase of Sberbank stock by Russian government

The State Duma adopted two bills on the purchase of the Sberbank shares by the Russian government in a final third reading on Thursday.

16:27 12.03.2020

Otkritie’s $4.5 bln claim against ex-bank managers to be heard behind closed doors

The Moscow Commercial Court will hear a 289.5-billion-ruble (over $4.5 billion) claim filed by the financial corporation Otkritie against its former top managers behind closed doors.

10:34 28.01.2020

Crowdfunding regulation bill adopted by State Duma

The lower house of Russian parliament adopted an initiative on crowdfunding regulation in a final third reading on Wednesday.

16:28 24.07.2019

Kamchatkomagroprombank challenges revocation of license by Russian Central Bank

Kamchatka regional bank, Kamchatkomagroprombank, has lodged a petition demanding to invalidate an order of the Russian Central Bank withdrawing its banking license.

10:58 06.03.2019

Russian Central Bank seeks liquidation of Kamchatkomagroprombank

The Russian Central Bank has lodged a claim seeking to compulsory close Kamchatka regional bank, Kamchatkomagroprombank.

15:25 01.03.2019

Russian Supreme Court upholds revocation of Yugra bank’s license

The Supreme Court of Russia will not review a decision of a lower court confirming revocation of Yugra bank’s license.

16:53 24.12.2018

St. Petersburg International Bank challenges revocation of its license

The St. Petersburg International Bank has filed an appeal against the decision to revoke its license by the Central Bank, the St. Petersburg Commercial Court hast stated.

10:59 17.12.2018

Russia’s Central Bank seeks to forcefully liquidate UM-Bank

The Central Bank of Russia has filed a motion with the Moscow Commercial Court seeking forceful liquidation of UM-Bank.

13:35 12.12.2018

Moscow court to hear Soyuzny bank’s closure case

The Moscow Commercial Court will consider a motion of Russia’s Central Bank seeking the involuntary liquidation of Soyuzny bank in February.

10:59 04.12.2018

Former Ergobank chairman appeals 8-year sentence for embezzlement

Ex-board chairman of Ergobank Vyacheslav Barmin has filed an appeal against his 8-year prison sentence for embezzling 750 million rubles ($11.4 million).

11:59 08.10.2018

Russian Central Bank develops recommendations for protection of insider information

The Central Bank of Russia has prepared recommendations to help participants of the financial market ensure efficient protection of insider information.

17:14 26.09.2018

Russian banks to be able to block suspicious money transfers

Starting today, Russian banks will be able to halt suspicious money transfers and block debit and credit cards of their clients for two days if there are signs of suspicious financial transmissions, including those similar to fraud.

10:43 26.09.2018

Russian Finance Ministry prepares bill on restrictions for Central Bank’s employees

Russia’s Finance Ministry has prepared a bill introducing restrictions for employees of the national Central Bank.

17:07 21.09.2018