Special focus: Russia

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

 

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's halves

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.

Ukraine tensions expose fault line in Russia’s economy

Ukraine tensions expose fault line in Russia’s economy

March 05, 2014

Russia’s muscular posture on the Crimean region of Ukraine, re-awakening Cold War tensions, threatens to tip the economy into a mild recession and has put a spotlight on the country’s structural weaknesses amid political risk, say analysts.

Q&A with VTB CEO Andrey Kostin

Q&A with VTB CEO Andrey Kostin

January 07, 2014

In an in-depth interview with Euromoney, the head of the powerful Russian state lender discusses domestic bank competition, regulation, credit growth and reveals the impact of state ownership.

Tinkoff IPO beats consumer credit fears

Tinkoff IPO beats consumer credit fears

October 24, 2013

The IPO of Tinkoff Credit Systems, a Russian consumer finance bank, trounces rivals’ valuations, even as bad debts tick up and tighter regulations loom.

Russian banks play truth or dare

Russian banks play truth or dare

September 17, 2013

During the past three years, Russian banks have plastered over holes in the corporate sector with record profits from retail.

Is Kazakhstan a safer bet than Russia?

Is Kazakhstan a safer bet than Russia?

August 09, 2013

Kazakhstan is set to remain the safest country in central Asia, and as the economy diversifies away from hydrocarbon and mineral reserves, it could soon precede Russia in the Euromoney Country Risk rankings.

Cyprus-Russia ties complicate bailout bid

Cyprus-Russia ties complicate bailout bid

February 28, 2013

The ramifications of selling contingent convertible bonds (CoCos) to retail buyers could be brutally illustrated by the bailout of Cyprus’s banking sector, while ties with Russia complicate strategy.

CEE equities: Back in business

January 02, 2013

A trio of successful listings out of emerging Europe has boosted bankers’ hopes of an equity primary markets renaissance in 2013, with prospects for further supply from Russia, Turkey and beyond.

Russia’s new market infrastructure takes shape

Russia’s new market infrastructure takes shape

January 02, 2013

A central securities depository, liberalization of the local bond market, movement to T+2 settlement and a stock exchange merger – it’s all very welcome in Russia’s capital markets.

Sberbank fights back for the countryside

January 02, 2013

There are good strategic reasons for Sberbank to be concerned about the growth of such operations as Tinkoff and Home Credit: and good reason for a counter-attack.

Alexei Kudrin: Russia's leader in waiting?

Alexei Kudrin: Russia's leader in waiting?

September 19, 2012

Alexei Kudrin thinks he has a solution to Russia’s twin troubles: anti-Putin street protests and an oil-financed pot of state patronage that is rapidly running out.

Russia’s hedge fund opposition

September 19, 2012

As president Vladimir Putin enters his third term, one of the main critics of the political and corruption risks in Russia is Bill Browder, chief executive of London hedge fund Hermitage Capital.

Russia’s new SWF seeks bond and equity exposure

September 11, 2012

Russia is planning to launch a new state-owned investment agency next year to invest the country’s oil wealth in global financial markets, finance minister Anton Siluanov tells Euromoney in an exclusive interview.

The Soviet revolution in banking

The Soviet revolution in banking

December 01, 1989

On September 26 last year, a new Russian revolution got under way: a quiet revolution, which has passed almost unnoticed in the West.

Moscow's views on world banking

Moscow's views on world banking

January 01, 1978

Moscow is the centre for five important banking institutions, including the two Comecon organizations, IIB and IBEC.