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The Latest Breaking News from Russian Central Bank

An economic catastrophe is lurking beneath Russia’s GDP growth as Putin ‘throws everything into the fireplace’

An economic catastrophe driven by the fundamental flaws in Russia's current strategy is looming large as Ukrainian forces fight on Russian soil.

Fortune

US To Impose 'Major Sanctions' On Russia Following Navalny's Death

While the official cause of death remains unknown, the U.S. holds Russian President Vladimir Putin responsible. National Security Council spokesman John Kirby stated, "Regardless of the scientific answer, Putin's responsible for it."

Latin Times

EU Reveals Measures on Russian Central Bank Assets in Ukraine Crisis

Discover the measures taken by the EU in relation to Russian Central Bank assets amidst the Ukraine crisis. Stay informed on this critical development.

Top News

Here come more sanctions: How effective are they are stopping Russia's invasion of Ukraine?

The U.S. and other Group of Seven nations are rolling out a new wave of global sanctions on Russia over its invasion of Ukraine

The Independent UK

Russia building reserves in assets the West can't sanction - central bank chief

Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported.

Reuters

Zelenskyy calls for confiscating Russian Central Bank funds

Ukraine’s president is renewing his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine

The Independent UK

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Russian businessman asks London court to pause $850mln lawsuit over sanctions

A prominent Russian businessman on Tuesday asked a London court to pause an $850 million fraud lawsuit brought by two Russian banks because of UK sanctions, arguing that any money recovered could be used to “indirectly fund the war in Ukraine”.

Reuters

Australia's sovereign wealth fund still holds $200 million in Russian investments despite war in Ukraine

Earlier this year the Future Fund announced it would divest its holdings in companies listed on the Russian Stock Exchange but on the same day, the Central Bank of Russia banned brokers from executing sales on behalf of non-Russian residents.

ABC News

Global task force has frozen $30B from Russian oligarchs

The task force has also immobilized about $300 billion worth of Russian Central Bank assets.

Axios

Russian economy 'won't be as it was,' central banker says

The head of the Russian Central Bank is warning that the country’s economy faces pressure from abroad that could persist indefinitely, dampening hopes that conditions could return to the way they were before Russia sent troops into Ukraine

The Independent UK

Russia further raises ceiling for cross-border transactions for individuals

The Russian central bank said on Tuesday Russian residents and non-residents from "friendly" states will be able to channel foreign currency abroad equivalent to up to $150,000 a month, up from the previous limit of $50,000.

Reuters

EXPLAINER: Why US needs a law to sell off oligarchs' assets

President Joe Biden doesn’t want to just seize the yachts, luxury homes and other assets of Russian oligarchs, he wants to sell off the pricey goods and use the money to help rebuild Ukraine

The Independent UK

Biden is exploring using Russian money to rebuild Ukraine - Roll Call

President Biden is exploring using seized Russian government funds to rebuild Ukraine, a plan that poses some risk to U.S. taxpayers.

Roll Call

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The Conversation

Russia sanctions: new impetus for Chinese yuan to move up the reserve currency ladder?

The invasion of Ukraine by the Russian forces has led to the most aggressive financial sanctions by Western countries against another country in modern history.

Benzinga

5 Penny Stocks Insiders Are Buying

The Central Bank of Russia maintained its benchmark interest rate at 20% during its March meeting. Investors, meanwhile, focused on some notable insider trades

Wales Online

Military chief arrested and head of Russian Central Bank resigns as Putin's inner circle crumbles

Devastation caused by Western sanctions is reportedly the reason for Elvira Nabiullina's resignation

Daily Record

Vladimir Putin arrests own military chief and bank boss quits as inner circle collapses

The Military Chief has reportedly been arrested, while the head of the Russian Central Bank calls the Russian President out over the devastation faced by sanctions.

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Daily Mirror

Putin arrests own military chief and bank boss quits as inner circle crumbles

The Military Chief has reportedly been arrested meanwhile the trusted Head of the Russian Central Bank calls Putin out over the devastation faced by Russians from Western sanctions

Reason

Thoughts on the War in Ukraine: The turning of the tide?

The "sanctions" appear to be working, and we could be witnessing a very significant moment for this war, and for the history of warfare

Roll Call

New sanctions cut Russia off from its foreign currency reserves - Roll Call

Biden administration imposed sanctions on Russia’s Central Bank that prohibit U.S. dollar transactions.

Daily Mirror

Desperate Russians queue for hours to withdraw money from banks as rouble plummets

The Russian central bank has advised people there is no issue accessing their money amid a run on the banks by some desperate to take out their cash as the rouble value took a dive

The Guardian - UK

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

Benzinga

4 Penny Stocks Insiders Are Buying

Although the Central Bank of Russia boosted its benchmark policy rate by 100bps to 9.5% during its recent meeting, there were a few notable insider trades.

Benzinga

Russia May Soon Recognize Bitcoin And Other Cryptos As Types Of Currency: Local Reports

Russia is likely to soon recognize Bitcoin (CRYPTO: BTC) and other cryptocurrencies as a form of currency as the government and the Central Bank of Russia have reached a deal on their regulation, the Russian newspap

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