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Russian banks reportedly seeking government intervention over bad loans, Bloomberg

Russian banks reportedly seeking government intervention over bad loans, Bloomberg

Top executives at some of Russia’s largest banks have privately discussed seeking a government-funded bailout if non-performing loans persist. Acco...
Russia favors cryptocurrency for international payments to counter Western sanctions

Russia favors cryptocurrency for international payments to counter Western sanctions

The central bank in Russia has called on businesses to explore other cross-border payment systems like cryptocurrencies and digital assets to count...
Russian Banker Predicts End of Dollar Dominance as Global Power Shifts

Russian Banker Predicts End of Dollar Dominance as Global Power Shifts

Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dol...