MOSCOW, Aug 15 Russia's largest lender Sberbank
sold a large amount of foreign currency for roubles on
the market in early August when it converted proceeds from
selling its Turkish business, DenizBank, three financial market
sources said on Thursday.
MOSCOW Natalia Leontyeva, a Siberian sales manager, bought a second hand car in 2013 with a loan worth about four monthly salaries. She now owes the equivalent of at least four years of earnings, one of a growing number of Russians struggling with debt.
MOSCOW The Antipinsky oil plant, Russia's largest independent refinery, is on track to more than double its output this month following suspension of its operations for more than two months, the plant's head told Reuters.
MOSCOW Russia's top gas producer Gazprom and a raft of other major firms have added to calls for the banking sector to use domestic ratings in implementing new financial regulations, saying this would ease pressure on banks and cut lending rates.
* Bank to focus on digital products at home - CEO
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MOSCOW Russian Finance Minister Anton Siluanov has asked the central bank to postpone reforms requiring banks to increase capital buffers under the "Basel III" international financial rules, according to a letter seen by Reuters.
MOSCOW, July 17 Russia aims to establish an
offshore rouble market to boost its currency's global role and
help offset the impact of Western sanctions, deputy finance
minister Alexei Moiseev told Reuters.
MOSCOW, July 17 Russia's finance ministry, the
central bank and the state development bank VEB will split among
themselves a 212 billion rouble ($3.4 billion) debt from bank
Sviaz, a step needed to support another troubled lender, a
senior official said.
MOSCOW, July 11 Russian construction group
Inteco, which has been controlled by the central bank since
2017, expects to start making a profit next year and could hold
an initial public offering (IPO) at a later date, its president
MOSCOW, July 5 Megafon, Russia's second biggest
mobile phone operator, is considering selling real estate and
some other assets to reduce debt, the chief executive told