Foreign trade contracts that involve settlements using digital rights must be registered with authorized banks, as stated in a recent ordinance by the Bank of Russia.
The Bank of Russia has been granted the authority to impose macroprudential limits on mortgage and car loans issued by banks and microfinance organizations (MFOs).
Registration has commenced for the Ural Forum of the Bank of Russia, scheduled to take place from February 19 to 21, 2025, at the Yekaterinburg-EXPO Congress Center.
From January 1, 2025, Russian depositories must verify the status or service provision rules of foreign institutions where they plan to account for foreign securities.
The Bank of Russia has streamlined the documentation requirements for credit institutions seeking regulatory consent to establish control over other banks.
The Bank of Russia has revoked the banking license of Corporate Finance Bank LLC, a Moscow-based financial institution ranked 230th by assets in the Russian banking system.
The Bank of Russia's Board of Directors has decided to remove the effective interest rate (EIR) limit on credit cards for credit institutions from January 1 to March 31, 2025.
Investors are showing increased interest in individual investment accounts (IIAs), with the number of such accounts rising by 32,000 in the third quarter of 2024.
From April 1, 2025, banks serving as agents for non-governmental pension funds and insurance companies will need to prepare new key information documents (KIDs) related to the long-term savings programme (LSP) and unit-linked life insurance (ULLI).