After Alexei Navalny’s death, Washington is reiterating its threat to target foreign banks over ties to Russia’s war effort
As the prospect of selling their operations in Russia becomes increasingly challenging, should European banks walk away from their Russian operations or wait it out?
A year in, how are the sanctions imposed by the West on Russian entities, goods, assets and individuals taking shape?
The US, EU and UK have imposed an increasingly complex regime of sanctions on Russia as the war in Ukraine has evolved.
The war has led to difficult circumstances for the global financial system, leaving central banks with a tough choice.
International banks face numerous challenges in leaving Russia, even after they have made their exit.
Following some of the harshest sanctions ever imposed on a country, Russia could face a banking crisis within a year as its economy braces for the worst contraction in nearly three decades.
How borrowers and issuers can navigate the exposure risk to recently sanctioned creditors is a difficult question to answer.
How can banks learn from this experience to be better prepared for future geopolitical conflicts?
Italian and French banks carry the greatest risks to their financial prospects among foreign lenders operating in Russia, according to the latest statistics from BIS.
Large volumes of debt from Russian borrowers are at risk of being pushed into junk status.
Removal of Russian banks from Swift will not cause serious disruptions to the country’s lenders.
The CEO of VTB Capital Investments talks to Burhan Khadbai about the macroeconomic landscape, the rise of retail investing in Russia and the asset manager’s ambitions to get involved in the growing cryptocurrency market.
The rapid pace of digitalisation is disrupting traditional banking operations in Russia, encouraging incumbents to look to new business models.
Despite the country’s mild economic recession in 2020, Russia’s banking sector remained resilient during the worst of the Covid-19 pandemic. By Burhan Khadbai.
Russian banks almost doubled their profits in the first half of the year, but risks are increasing.
As the country's central bank plans its central bank digital currency pilot, banks are concerned its introduction could cause funding costs to rise.
The homegrown payments system is good news for the state, but will have unfortunate consequences for the private sector.
The unparalleled success of Russia’s Mir payments system has protected it against US sanctions, making other governments take notice.
New breed of bank identifies as a tech firm with a banking licence, explains director of strategy.