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Russian central bank to keep profits

Amendments to the Russian central bank law have been sent from the State Duma to the government for conciliation. If approved, the amendments will cancel the requirement that the central bank transfers 50% of its annual profits to the federal budget.

Russian central bank predicts fall in inflation

The first deputy chairman of the Russian central bank, Alexei Ulyukayev, said on 4 June that the country's inflation is likely to fall to 5.2% for the first six months of this year, one percentage point down on the same period in 2006.

Russia's central bank faces reform calls

According to this article published by The Times on Wednesday 4 April, the Russian finance ministry has met senior figures from the banking sector recently to discuss reforming the Bank of Russia.

Russia reiterates reserve diversification idea

The Russian central bank remains interested in further diversification of the currency structure of its gold and forex exchange reserves, its first deputy chairman said in a newspaper interview published on Tuesday 21 February.

Russian central bank reserves drop

The Russian central bank said Thursday 18 January its gold and foreign currency reserves have dropped by 2.2 bln usd in one week, with levels standing at 301.7 bln usd on Jan 12.

Kozlov's murder - the real story

Financing hundreds of thousands of illegal under-the-table deals requires huge sums of money. Every month, in Russia mountains of "black cash", are exchanged illegally behind the scenes. As long as this parallel system of financial settlement exists,…

Report says Kozlov murder suspects charged soon

Official charges will be brought soon against the suspects recently arrested in relation to the murder of first deputy chairman of the Russian central bank Andrei Kozlov, Interfax quoted Prosecutor General Yury Chaika as saying Tuesday 16 January.

Russian central bank submits board candidates

The Bank of Russia has submitted Alexei Simanovsky and Mikhail Sukhov to the State Duma as candidates for vacant seats on the central bank's board of directors, Vyacheslav Reznik, chairman of the Duma committee for credit organizations and financial…

Russia and Belarus governors to meet

Petr Prokopovich and Sergei Ignatyev, governors of the central banks of Belarus and Russia, respectively, will attend the 25th meeting of the Interbank Currency Council on Friday.

Russia's Melikyan vows to close banks

The Russian central bank will press on with its cleanup of the banking system despite the murder of reformist banking supervisor Andrei Kozlov, the man who took over his role said in an interview Friday 10 November.

Problem banks may explain Kozlov murder

Former chairman of the Central Bank of Russia, Viktor Gerashchenko, was quoted by RIA Novosti as saying on Monday 30 October that the murder of the CBR's first deputy head in mid-September may have been ordered by a client of a commercial bank under…

Russia reports arrest of Kozlov murder suspects

Special services in Moscow have unofficially confirmed reports that the killers of the first deputy chairman of Russia's central bank, Andrey Kozlov, have been arrested, BBC Monitoring Service reported Wednesday 11 October quoting a translation of a…

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