Special focus: Russia

Euromoney's latest coverage of macroeconomic, FX, fixed income and equity market trends in the oil-producing economy.

 

Banking: Russia makes its own innovation

Banking: Russia makes its own innovation

April 02, 2020

Recruited to set up a national payments system, the central bank’s Olga Skorobogatova has overseen initiatives to protect consumers and promote competition in Russia’s banking sector.

Russia Inc focuses on ESG

Russia Inc focuses on ESG

December 05, 2019

Sustainable financing is gaining ground in corporate Russia as firms look to improve their environmental, social and governance policies ‒ but can the country’s notorious polluters really go green?

VTB bets big on digital

VTB bets big on digital

October 11, 2019

VTB has long lagged state-owned rival Sberbank in terms of profitability, but with sanctions limiting access to capital the pressure is on to close the gap – chairman Andrey Kostin explains why digital transformation and aggressive retail growth hold the key to success for Russia’s second-largest lender.

Emerging Europe: Sovcombank’s star rises

Emerging Europe: Sovcombank’s star rises

November 06, 2018

Five years ago it was a niche player specializing in consumer loans for the elderly – today Sovcombank is one of Russia’s largest privately owned banks, with a clutch of new shareholders from China and the Gulf.

ICO mania goes mainstream in Moscow

ICO mania goes mainstream in Moscow

August 02, 2018

Cryptocurrencies are still not legal in Russia for now, but that isn’t stopping businesses from preparing to take hold of the future.

Country risk: Russia takes centre stage

Country risk: Russia takes centre stage

June 14, 2018

When the World Cup fanfare is over, investors must gauge whether the country represents a better bet than other emerging markets – and there are still some nagging doubts.

Fintech: The cold, hard facts of bitcoin mining

Fintech: The cold, hard facts of bitcoin mining

May 03, 2018

Soviet military bunkers in Kazakhstan and portable houses in Siberia linked up to the plumbing: Bitcoin mining is moving in some interesting directions that will become even more diverse as China cracks down on its domestic industry.

Russia banking: The Yugra illusions

Russia banking: The Yugra illusions

February 07, 2018

On a recent visit to the Russian central bank on a wintry day, Euromoney’s eye was caught by a chap holding a large and surprisingly professionally produced billboard.

Alternative awards of the year 2017

Alternative awards of the year 2017

December 21, 2017

For the banking industry, 2017 was a time of trying finally to resolve issues of the past and avoid new mistakes, yet dig beneath the surface and it was also 12 months of intrigue and, sometimes, farce.

Russian regulator backs new bailout regime

Russian regulator backs new bailout regime

November 29, 2017

A pair of multibillion-dollar bank bailouts in under a month has roiled Russia’s banking sector and raised questions about the regulator’s competence – Dmitry Tulin, the central bank’s new head of banking supervision, insists such criticism is misguided.

Russia payments bid unlikely to be swift

Russia payments bid unlikely to be swift

December 18, 2015

While irked by western dominance of Swift and determined to assert its monetary independence, the prospect of Russia going it alone on payments and messaging remains remote.

Nabiullina rages against the banking machine

Nabiullina rages against the banking machine

October 02, 2015

In 2013, Russia’s central bank became a mega-regulator, overseeing a slew of credit institutions, from banks, insurance agencies, investment vehicles, micro-finance houses to pawnshops.

Steely Nabiullina fights Russia’s fires

Steely Nabiullina fights Russia’s fires

October 02, 2015

Elvira Nabiullina, Euromoney’s central bank governor of the year, is staunchly sticking to her controversial crisis-fighting plan as Russia reels from its biggest financial crisis since 1998.

IPOs: We need to talk about Russia

IPOs: We need to talk about Russia

July 27, 2015

Two successful IPOs should have been good news for the country’s markets – if anyone had bothered to tell the world more about them.

Russia’s risk score plummets to its lowest since 1998 default

Russia’s risk score plummets to its lowest since 1998 default

November 14, 2014

As sanctions and falling oil prices force the rouble’s slide, country risk experts are questioning the ability of privately owned and/or state-backed banks and corporates to obtain credit and repay their debts amid capital flight and an economy in decline.

Russian bank risks jump as Europe

Russian bank risks jump as Europe's halves

November 13, 2014

The latest results of a systemic risk index reveal elevated risks in Russia, Portugal and France but a generally marked improvement across the rest of Europe.

Russia borrowers strike bullish note over sanctions

Russia borrowers strike bullish note over sanctions

October 17, 2014

While sanctions are hitting the Russian markets and pushing up interest rates, senior executives at Sberbank and potash producer Uralkali tell Euromoney the country’s banks and corporates are looking internally and to the east for new sources of financing.

Brics bank: requiem for a dream

Brics bank: requiem for a dream

September 19, 2014

Incensed by their failure to reform, Brics policymakers have established a flawed rival to the World Bank and IMF.

Sanctions propel Russia towards Asia

Sanctions propel Russia towards Asia

September 11, 2014

Sanctions overs the conflict in Ukraine have closed off western capital markets to some Russian companies, giving Asia an opportunity to take a greater role.

Asian private banking and lending eye Russia business

Asian private banking and lending eye Russia business

August 12, 2014

The escalating conflict in Ukraine and sanctions placed on Russia by the EU and the US are pushing private Russian money into Asian wealth centres and encouraging the country’s corporates to seek new sources of funding in the region.

Rollercoaster rouble freaks analysts

Rollercoaster rouble freaks analysts

July 24, 2014

The Russian rouble is facing strong headwinds as the political fall-out over the fatal MH17 plane crash and fresh economic sanctions bite, with analysts predicting a tough year ahead for the Bric currency.