Banks

Since February 28, the Bank of Russia has temporarily banned brokers from selling securities on behalf of foreign clients.

On February 28, the Central Bank of Russia raised the key rate to 20%. The decision is explained by the external conditions for the Russian Federation, which have recently "changed dramatically".

The dollar rose by almost 35%, to 113.5 rubles, and the euro jumped by about 33% and reached 127 rubles in the Forex market.

The work of the services of the three largest Russian banks has been disrupted, this was reported by the Downdetector failure registration portal.

The French authorities decided to block all accounts of Russians against whom sanctions were imposed in the EU because of Ukraine.

The Russian ruble strengthened after the start of currency interventions by the Central Bank.

The National Bank of Ukraine (NBU) has banned commercial banks from conducting any currency transactions with Russian and Belarusian rubles.

Sberbank said that the information about the inclusion of the credit institution in the sanctions list of the United States and the introduction of restrictions on foreign exchange transactions is not true.

Up to 30 credit institutions may leave the Russian market in 2022. RBC writes about this, referring to the data of the Expert RA rating agency.

The Ministry of Finance has sent a draft federal law "On digital currency" to the government, Interfax writes.

Russia's transition to its own systems for the transmission of financial information in the event of a disconnection from SWIFT will complicate the connection of Russian banks with foreign ones and will cost more.

The average limit on credit cards in December 2021 amounted to 82.7 thousand rubles, which is 23% more than a year earlier, and is a record for the entire history of observations.

A large Swiss bank, "Credit Suisse", securitized a portfolio of loans for yachts and private jets of its super-rich clients, selling loans worth two billion dollars.

Since Tuesday, February 1, Sberbank has raised mortgage rates on ready-made and housing under construction by 1 percentage point to 10.3%.