Banks

The Federation Council of the Russian Federation approved amendments that make it easier for foreign organizations to open an account in Russian banks.

The company said it was taking steps to suspend the accounts of authors receiving payments in Russia.

The Russians returned back to banks 90% of the deposits that they had taken since the end of February.

The SberBank Online mobile app on the iOS platform is not available for download and update in the App Store due to the sanctions imposed on the company.

The head of the World Bank, David Malpass, announced during a speech at the Warsaw School of Economics that the organization is ready to transfer $1.5 billion to help Ukraine.

Russian export companies have encountered difficulties in selling foreign exchange earnings on the market, Vedomosti writes.

Russian banks refuse to receive credit holidays in at least half of customer applications.

Russian President Vladimir Putin signed a decree «On the temporary procedure for fulfilling financial obligations in the field of transport to some foreign creditors».

The new payment system is likely to be installed at the headquarters of both RBI and VEB.

Petropavlovsk, one of Russia's largest gold miners, will not be able to sell gold, according to its press release to RBC.

Major Russian banks are considering ways to support mortgage lending in the face of high interest rates.

Apple has notified the Russian National System of Payment Cards (NSPC) that it is suspending support for "Mir" cards in its service Apple Pay.

Polish government spokesman Piotr Muller said that as part of anti-Russian sanctions, the authorities began to block funds on accounts opened in the republic.

The Bank of Russia has suspended the purchase of gold from credit institutions.

Crimean Senator Olga Kovitidi said that the issue of tougher penalties for buying and selling foreign currency on the black market is likely to be discussed soon.