Russian Central Bank

Russia rolls out digital ruble as Kremlin tightens financial control

Russia is ready to launch the digital ruble for broad use starting Sept. 1, Central Bank Governor Elvira Nabiullina said, The Moscow Times reported on July 2.

3 July, 12:54 PM

Russian Central Bank chief warns of inflation pressure after strikes

Russian Central Bank Governor Elvira Nabiullina said inflation expectations could rise due to higher fuel prices following Ukrainian strikes on Russian oil refineries, according to remarks made after her return to public appearances following a two-week absence.

19 June, 06:00 PM

Russian Central Bank Chief Nabiullina set to reappear after unexplained absence

Russia’s Central Bank governor Elvira Nabiullina will return to public view after a lengthy absence attributed to health problems, the Financial Times reported on June 19.

19 June, 01:15 PM

Officials tell Putin war costs no longer sustainable

Russia’s Finance Ministry and the Central Bank warned dictator Vladimir Putin that Ukraine war spending is “on an unaffordable path,” Bloomberg reported on June 1.

1 June, 09:57 PM

Russia's Central Bank challenges EU over frozen assets for Ukraine aid

Russia's Central Bank has filed a lawsuit with the EU's General Court contesting a European Parliament and Council regulation that enables the use of frozen Russian sovereign assets to fund support for Ukraine in 2026–2027, The Moscow Times reported on May 25.

25 May, 07:27 PM

Euroclear rejects Moscow court's $250 billion ruling in favor of Russia's Central Bank

Euroclear has rejected a ruling by a Moscow arbitration court that sided with the Russian Central Bank in a lawsuit against the Belgian depository for roughly $250 billion, saying in a statement on May 18 that it does not recognize the court's jurisdiction and will appeal the decision.

19 May, 04:34 PM

Number of unprofitable Russian banks surges in 2026

The number of loss-making banks in Russia has surged sharply, with 60 banks operating at a loss by the beginning of March 2026 compared with 34 on Jan. 1, according to The Moscow Times.

7 May, 02:27 PM

Russian investment activity drops to 16-year low

Russia’s economic slowdown, weakening demand, and high interest rates have sharply reduced business investment activity, The Moscow Times reported on May 7.

7 May, 11:43 AM

Russia's Central Bank loses its grip as citizens desperately hoard cash

Cash circulation outside the Russian banking system surged to over $8 billion from April 1 to May 5 amid increased disruptions in mobile internet and communications, the Moscow Times, citing information from Russia’s central bank, reported on May 5.

6 May, 12:30 PM

Russian economy shows worst performance since major sanctions, analysts confirm

Russia’s economy is experiencing systemic deterioration under the pressure of its own monetary policy, structural industrial degradation and exhausted consumer demand, with no key sector offering grounds for optimism, Ukraine’s Foreign Intelligence Service reported on April 13, citing the Institute of Economic Forecasting of the Russian Academy of Sciences.

14 April, 11:36 AM

Russia’s central bank sues EU over frozen reserves, seeks 18 trillion rubles

Russia’s Central Bank has filed a legal challenge against the European Union’s decision to indefinitely freeze part of its foreign exchange and gold reserves, according to The Moscow Times.

3 March, 10:19 AM

Russia’s Central Bank slashes Urals oil forecast to $45

Russia’s Central Bank sharply lowered its 2026 Urals oil price forecast to $45 per barrel — the lowest since the pandemic — acknowledging substantial risks from global oversupply and sanctions, The Moscow Times reported on Feb. 13.

14 February, 07:47 PM

Russia’s central bank warns debt servicing has become critical for 67% of major companies

Russia’s corporate finances — including those of some of the country’s largest businesses — are deteriorating rapidly as high interest rates and a slowing economy squeeze profits, the Central Bank of Russia said, according to The Moscow Times.

28 November 2025, 10:31 AM

Russian economy is 'overheating' under war pressure - ISW

Russia’s Central Bank is masking long-term instability with short-term fixes, therefore making it vulnerable to Donald Trump’s proposed secondary sanctions, the Institute for the Study of War (ISW) wrote on July 17.

18 July 2025, 12:27 PM

Expert estimates Russia's off-budget military spending exceeds $83 billion

Russia’s military spending, which has quadrupled since its invasion of Ukraine to a record high since the Soviet era, could be much higher than official figures, according to Craig Kennedy, an investment banker and former deputy chairman of Bank of America Merrill Lynch, The Moscow Times reports on Jan. 14.

14 January 2025, 05:59 PM

Russia’s food prices skyrocket amid runaway inflation

Despite efforts by the Russian Central Bank and the authorities to regulate prices, inflation in the country continues to accelerate, with food prices up 10.9% on an annual basis, the highest since November 2022, The Moscow Times reported on Dec. 18, citing the Federal Statistics Service Rosstat.

19 December 2024, 12:38 PM

Russian Central Bank addresses ruble collapse, blames sanctions on Gazprombank

The Central Bank of Russia has attributed the recent collapse of the Russian ruble to nearly 110 rubles per dollar, and even more in market terms to sanctions imposed on Gazprombank and 50 other banks, according to a statement released on Nov. 29.

2 December 2024, 01:36 PM

Russia halts ruble support as Central Bank struggles with yuan transactions

Russia's government is suspending its support for the ruble for the next month, The Moscow Times reported on Sep. 4.

4 September 2024, 05:23 PM

Russian Central Bank