Russia’s central bank announced Tuesday that it would no longer disclose the names of banks that use its alternative to the SWIFT payment system. The move comes after several Russian banks were banned from SWIFT—the cross-border payment system operator—as part of measures that came in response to President Vladimir Putin’s invasion of neighboring Ukraine, which…
Russia Says It Will Not Disclose Banks Linked to SWIFT Alternative: Report
Russia Cuts Key Interest Rate in Sign of Confidence in Sanctions-Hit Economy
April 8, 2022
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Russia’s central bank on Friday slashed its key interest rate by three percentage points to a still-high 17 percent, justifying the move by saying that risks to financial stability had softened as emergency measures brought deposits back to banks and helped quell inflationary pressures. The 300 basis point drop will go into effect on April…
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