Russia
Russia discusses single currency idea with Ukraine
Russia and Ukraine are ready to discuss currency integration and the introduction of a single currency, Russian Ambassador in Kiev Viktor Chernomyrdin said in opening remarks to a round table meeting "Russia and Ukraine: Prospects of Cooperation in the…
Russia plans reduced for-ex intervention
A top bank official said Thursday the Bank of Russia hopes new monetary instruments will allow it to scale down its regular foreign exchange market interventions.
Padoa-Schioppa on challenges of market building
In a speech on 'The European Union and the Russian Federation: Challenges of market building' given on 28 September, Tommaso Padoa-Schioppa of the ECB said the Bank of Russia and the Eurosystem have entered into a dialogue on the whole range of central…
IMF's Krueger supports Russian central bank
IMF First Deputy Managing Director Anne Krueger said at a press conference on Monday 13 September that the International Monetary Fund supports actions by the Central Bank of Russia to regulate the recent unstable situation in the country's banking…
Russia cb prepares for world-class infrastructure
At a strategic meeting on June 23, 2004 in St. Petersburg, Russia, Michail Senatorov, Deputy Chairman of the Russian Central Bank, and Lazaro Campos, Member of the SWIFT Executive Committee, signed a Memorandum of Understanding (MoU) in which the bank…
IMF's Krueger to visit Moscow
The International Monetary Fund's First Deputy Managing Director Anne Krueger will be visiting Moscow September 12- 15, IMF External Relations Department Director Thomas Dawson announced in Washington on Thursday 9 September.
Kyrgyzstan and Russia sign cooperation agreement
The National Bank of Kyrgyzstan and Central Banks of Russia have signed a cooperation agreement with the intention to establish dialogue on issues of banking regulation, and exchange information on the condition and development of the banking sector.
Russian central bank misses profit target
The Russian Central Bank missed its target for paying profit to the federal budget by 1.5 billion rubles in the first half of 2004, according to Deputy Finance Minister Sergei Shatalov on Tuesday 31 August.
Russia issues forecasts on 2005
The Russian government will continue to target both the exchange rate and inflation next year because its economy is not ready for a free-floating ruble. At the same time, forecasts show a potential boost to the economy from revenues caused by high oil…
Bank of Russia to introduce new banknotes
The Russian central bank plans to introduce modified banknotes with the denominations of 10, 50, 100, 500 and 1,000 rubles from 16 August, first deputy chairman Arnold Voilukov said at a press conference.
Russian cb introduces new currency regulations
Several rules concerning currency regulation will enter into force in Russia on 1 August, the department of external and public relations of the central bank reported.
Khodorkovsky wants Gerashchenko off Yukos board
Former Yukos CEO Mikhail Khodorkovsky plans to request the company shareholders consider dismissing former chairman of the central bank of Russia, Viktor Gerashchenko, from his post of chairman of the company's board of directors, Khodorkovsky's lawyer…
Banking crisis declining says Russia's Ignatyev
Russian Central Bank Chairman Sergei Ignatyev said on Thursday 15 July that he believes the banking crisis is declining. "I believe the trust crisis is over. It is very important now to ensure higher activity on the inter-bank loan market," he said.
Reports of Russian bank crisis in progress
Pravda reported Friday a Russian banking crisis in progress, causing a rapid appreciation of the US dollar against the ruble. But a former government official said the situation could hardly be called a crisis.
Russian central bank tries to reassure country
The Central Bank of Russia sought to reassure Russians on Wednesday 7 July that their financial sector was sound, saying talks had begun to rescue the first major banking casualty from the brink of collapse.
EurAsEC central banks celebrate 10th anniversary
The council of the chiefs of the central banks of EurAsEC countries held their 10th anniversary session in Bishkek last week.
Russian PM proposes central bank restructuring
Russian Prime Minister Mikhail Fradkov has suggested the Russian central bank consider its restructuring at a government meeting on Thursday.
IMF says Russian banking oversight adequate
The International Monetary Fund thinks the Central Bank of Russia's banking sector oversight is adequate, Poul Thomsen, head of the IMF's Moscow office, told a press conference at Interfax.
Gerashchenko chosen as new Yukos chairman
Former chairman of the Central Bank of Russia Viktor Gerashchenko was elected chairman of Yukos, the Russian oil giant, on Thursday 24 June.
Putin asks CBR to restore banking order
Russian President Vladimir Putin called on the Central Bank of Russia (CBR) on Friday "to restore order" in Russia's banking sector.
Moderate oil prices preferable - World Bank chief
World Bank President James Wolfensohn said at the conference 'Corporate Governance and Economic Growth in Russia', which opened in Moscow on Thursday 3 June, that moderate oil prices are better for the world economy in general.
Russian gold, forex reserves climb 3.57% in May
Russia's gold and foreign currency reserves increased by 3.57%, or $2.95 billion, in May, to $85.61 billion from $82.66 billion, the Central Bank of Russia reported.
World Bank wants further Russian economic reforms
World Bank chief James Wolfensohn is urging Russia to continue with economic reforms to promote investment. He also warned that how Russia deals with a tax affair involving the Yukos oil company could have major repercussions.
Russia's Ignatyev upbeat on inflation, currency
Russia has a good chance it can meet its inflation and foreign exchange targets despite rising oil prices and its budget situation, Russian Central Bank Governor Sergei Ignatyev said on Wednesday 26 May.