Russia

Central bankers testify in Russian loans trial

RUSSIA - Tatyana Paramonova, first deputy chairman of the Central Bank of Russia, and former Central Bank Chairman Viktor Gerashchenko had to appear in an unaccustomed role as witnesses at Moscow's Zamoskvoretskiy Court in a criminal case concerning…

Russia issues world cup commemorative coins

RUSSIA - The Central Bank 5 May will introduce commemorative gold and silver coins in denominations of 3 and 50 rubles to commemorate this summer's World Cup football (soccer) finals in Japan and South Korea.

Ignatyev to submit nominees for central bank board

RUSSIA - Chairman of the Central Bank of Russia, Sergei Ignatyev, plans to submit three candidates for the CBR board of directors to the State Duma, lower house of parliament, in the next few days, a Duma source said on Tuesday.

Russian gov't seeks central bank draft law changes

RUSSIA - The Russian government will press for a revision of a number of amendments to the draft law on the Central Bank the State Duma (lower house) proposed Friday, Deputy Prime Minister and Finance Minister Aleksey Kudrin has said.

Russian c banker in court for abuse of office

RUSSIA - The Zamoskvoretskiy intermunicipal court in Moscow begins proceedings in the criminal case involving Aleksandr Alekseyev, deputy head of the Russian Central Bank's main territorial directorate for Moscow, ITAR-TASS reports.

Russia's banks face 'health check'

RUSSIA - An inspection team from the International Monetary Fund (IMF) and the World Bank start work in Moscow on Wednesday on what is described as a "comprehensive health check-up" of Russia's shaky financial sector.

Russia's new central banker in TV interview

FEATURE - Bank deposits in Russia should be at least partially guaranteed by the state. In return, the banks should submit to tighter supervision and higher standards, which will increase public confidence in Russia's banks, the new chairman of Russia's…

IMF, World Bank mission to meet Russian c banker

RUSSIA - Officials of the International Monetary Fund and World Bank will arrive in Moscow next week to discuss the reform of Russia's banking sector with recently appointed central bank Chairman Sergei Ignatyev, a finance ministry official said Tuesday.

Gerashchenko stays with central bank

RUSSIA - Viktor Gerashchenko, former chairman of the Central Bank of Russia, plans to take the post of an economic adviser at the Scientific and Research Institute of the Bank of Russia reports Novecon.

Duma appoints new central bank chair

RUSSIA - The Duma approved resignation of Victor Gerashchenko from the post of the Central Bank Chair. Duma deputies also awarded Gerashchenko with an honorable diploma, and Chair of the Duma Gennady Seleznev presented the diploma to him. The Duma…

Russia's new central bank chief

FEATURE - Promising little change to exchange-rate policy but progress on stalled banking change, Sergei Ignatyev was overwhelmingly elected Russia's Central Bank chief Wednesday by the lower house of parliament.

'No change' to rouble exchange policy

RUSSIA - The new chairman-designate of Russia's central bank yesterday moved swiftly to reassure the financial markets that there would be no change to rouble exchange rate policy, while hinting at greater transparency in the management of his…

Russian central bank chief quits on health grounds

RUSSIA - Viktor Gershchenko, chairman of the Russian central bank, resigned on Friday six months before his term was due to expire in September. He abruptly sent a letter of resignation to the president, Vladimir Putin, citing reasons of ill health.

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