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Category Bank of Russia

Oil slump and weak GDP growth deepen Russia’s fiscal troubles

Oil slump and weak GDP growth deepen Russia’s fiscal troubles

Russia is heading into its fifth straight year of running a budget deficit, as war spending and weak revenue continue to slam its finances. The lat...
Russia’s economy slows sharply as deficit widens and costs mount

Russia’s economy slows sharply as deficit widens and costs mount

Russia’s central bank cut its benchmark interest rate by one percentage point to 17% on Friday, seeking to support the economy as growth slows and ...
Russia skirts recession with modest Q2 growth

Russia skirts recession with modest Q2 growth

Russia’s economy managed to claw its way out of a second quarterly slump, dodging a technical recession in the second quarter of 2025.
Russia Says Financial Institutions Can Offer Crypto-Linked Instruments to Qualified Investors

Russia Says Financial Institutions Can Offer Crypto-Linked Instruments to Qualified Investors

The Bank of Russia said "financial institutions may offer qualified investors financial derivatives, securities, and digital financial assets whose...
Bank of Russia proposes to allow ‘highly qualified’ investors to buy and sell cryptocurrencies

Bank of Russia proposes to allow ‘highly qualified’ investors to buy and sell cryptocurrencies

The Central Bank of Russia announced on March 12 that it was considering allowing a limited number of investors to buy and sell cryptocurrencies. T...