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Top related persons:
Elena Fabrichnaya - 2 Alexander Marrow - 1 Marina Bobrova - 1 Gareth Jones - 1 Alexei Moiseev - 1 Maxim - 1 Moiseev - 1 Austria's - 1
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Russian Russia MOSCOW Moscow Region Ukraine Western
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Thomson - 2 REUTERS - 1 Rights - 1 Austria's Raiffeisen Bank - 1

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7 mentions found


☆ Russian cenbank: capital controls may have reverse effect long-term, make rouble weaker
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +1 min
MOSCOW, Nov 7 (Reuters) - Capital controls on certain Russian exporters that went into force last month may have the opposite of their intended effect in the long term, leading to a weaker and more volatile rouble, the Russian central bank said in a report on Tuesday. The rouble has strengthened from beyond 100 to the dollar since that decree was announced. The central bank's higher-than-expected hike in its main interest rate, to 15%, in late October has also helped. The bank also said in its report that it expected annual inflation to start coming down next spring due to Russians' increased savings and higher interest rates. Annual inflation in Russia is seen at 7.25% in the fourth quarter, compared to 6.00% in the third quarter, according to the bank's assessment.
Persons: Alexander Marrow, Elena Fabrichnaya, Marina Bobrova, Gareth Jones Organizations: Thomson Locations: MOSCOW, Russian, Russia
☆ Russia says it won't let foreign banks leave easily
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: +1 min
Russian Deputy Finance Minister Alexei Moiseev attends a session of the annual international military-technical forum "ARMY" at Patriot Expocentre in Moscow Region, Russia August 22, 2018. REUTERS/Maxim Shemetov/File photo Acquire Licensing RightsMOSCOW, Sept 1 (Reuters) - Russian Deputy Finance Minister Alexei Moiseev said on Friday that the government would not allow foreign banks to leave Russia easily. "We have stated our position and it stands - we will be tough in letting foreign banks go, it will depend on the decision to unfreeze Russian assets," Moiseev said, speaking at a forum. Responding to questions about applications to sell assets, Moiseev said Austria's Raiffeisen Bank (RBIV.VI) had not made such a request. "I am aware of one foreign bank's application to sell assets ... which is under consideration by the government commission," he said.
Persons: Alexei Moiseev, Maxim, Moiseev, Austria's, Elena Fabrichnaya, Felix Light, Bobrova, Hugh Lawson, Kevin Liffey Organizations: REUTERS, Rights, Austria's Raiffeisen Bank, Thomson Locations: Moscow Region, Russia, Ukraine, Western, Russian
☆ More than 200 safely evacuated in smoke incident at Russian coal mine
  + stars: | 2023-04-02 | by ( ) www.reuters.com   time to read: 1 min
MOSCOW, April 2 (Reuters) - A total of 229 workers were evacuated from a coal mine in southern Russia on Sunday after it filled with smoke, a local official said, adding that there were no casualties. It was unclear what caused the incident, which happened at a depth of nearly 200 metres (650 feet) at the Obukhovskaya mine in the city of Zverevo. Reporting by Marina Bobrova and Mark Trevelyan Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ Russia's Sberbank net profit drops 78.3% in 2022 as sanctions bite
  + stars: | 2023-03-09 | by ( Elena Fabrichnaya Alexander Marrow Marina Bobrova | Elena Fabrichnaya | Alexander Marrow | ) www.reuters.com   time to read: +2 min
Sberbank, which boasts around 107 million active retail clients, was releasing results under international reporting standards for the first time in over a year. Russian authorities had ordered banks to limit disclosures and dividend payments last year as Moscow tried to maintain financial stability. Net interest income rose 6.6% year-on-year to 1.87 trillion roubles, the bank said, while net commission income rose 15.4% to 697.1 billion roubles. Sberbank's annual profit came around 30 billion roubles lower than what it reported last month under Russian accounting standards. February profit under Russian standards stood at 115 billion roubles.
☆ Russian banks' profits reached 258 billion roubles in Jan - central bank
  + stars: | 2023-02-20 | by ( ) www.reuters.com   time to read: 1 min
MOSCOW, Feb 20 (Reuters) - Russian banks' profits totalled 258 billion roubles ($3.38 billion) in January, 1.5 times higher than in the same month of 2022, Russia's central bank said on Monday. Alexander Danilov, director of the central bank's banking regulation and analytics department, said last month Russian banks' profits could exceed 1 trillion roubles in 2023. Banks' corporate credit portfolio shrank by 140 billion roubles in January, while their forex portfolio grew by 0.3%, the Bank of Russia said. Banks gradually increased investments in OFZ treasury bonds in the same month, buying around two-thirds of bonds on offer, it added. ($1 = 76.2455 roubles)Reporting by Elena Fabrichnaya and Alexander Marrow; Writing by Marina Bobrova; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
☆ Russian e-scooter firm Whoosh expects IPO to price at bottom of range
  + stars: | 2022-12-12 | by ( ) www.reuters.com   time to read: 1 min
SummarySummary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 12 (Reuters) - Russian electric scooter company Whoosh on Monday said it expected its initial public offering (IPO) price in Moscow to be 185 roubles ($2.94) per share, at the bottom of an estimated range announced last week. It said the total size of the IPO, which would be Russia's first since Moscow sent tens of thousands of troops into Ukraine in February, would be around 2.3 billion roubles. ($1 = 62.9790 roubles)Reporting by Marina Bobrova and Alexander Marrow; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
☆ Russia's Kudrin to leave Audit Chamber, opening door to Yandex move
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +2 min
Kudrin, who has been seen as both a pro-Western economic liberal and close ally of President Vladimir Putin throughout his career, would become the highest profile government official to leave a post since Russia sent tens of thousands of troops into Ukraine in February. "In total, I spent about 25 years in the public sector," Kudrin wrote on his Telegram channel. He served as a powerful finance minister for more than a decade between 2000 and 2011, and while maintaining close ties with Putin, Kudrin kept a relatively low profile in his current role as head of the Audit Chamber, Russia's public spending watchdog. In a late-night meeting last week, Kudrin and Putin discussed Yandex's future, three people familiar with the matter told Reuters. Reporting by Marina Bobrova, Jake Cordell and Alexander Marrow; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.
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