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Russian bank executives fear rising bad loans may trigger a bailout in 2025, despite official claims of stability.
A full-blown financial crisis can be devastating for a country. Banks fail, business go under and people lose their jobs. Sanctions on Russia could tip the country into that kind of economic collapse.
Mathematically Russia has enough reserves to hold out for at least two years before Western sanctions start to choke the economy, but it must avoid reawakening the "sleeping dragon" of investor panic.
Top executives at some of Russia’s largest banks have privately discussed seeking a government-funded bailout if ...
Now, a prominent Western economist is predicting a financial crisis that could spell the beginning of the end for Putin's ambitions, reports Ziare.. Russia’s financial reserves are depleting ...
Mr Putin has spent years preparing for a financial stand-off with the West. Since 2015 the value of Russia’s central-bank reserves has risen by 71%, with most of the increase in the form of gold ...
By freezing the reserves held in Western banks, the U.S. and Europe are disarming Russia of its best weapon in the event of a currency crisis, essentially telling Russia: “Your assets are ...
ST PETERSBURG, Russia, June 4 (Reuters) - Russia's central bank intends to keep accumulating reserves for years to come, until they reach a "comfortable" level up to $500 billion, bank governor ...