Banks

The number of transactions through the Russian analogue of SWIFT doubled in 2020 as the US and EU threats to disconnect the Russian Federation from international settlements grew.

On April 16, the Bank of Russia canceled the license of Nordea Bank, which was one of the first banks in the history of Russia, created in 1994.

Plastic cards will become a rarity by 2025. This was stated by the first deputy chairman of the board of Sberbank Alexander Vedyakhin.

Russia may be disconnected from the American global payment systems Visa and MasterCard.

Norway's sovereign wealth fund, which has 1.3 trillion dollars in assets, made its first investment in green energy: it agreed to buy from Danish company Orsted a 50 percent stake in two 752 megawatt Borssele wind farms 1 and 2.

Some U.S. officials saw the digital yuan as a potential threat. This information is reported by Bloomberg, citing sources.

The head of the investment division, Brian Chin, will leave the bank on April 30.

The exchange rate of the Turkish lira against the ruble in foreign exchange markets as of March 22 at 4:59 am Moscow time is 9.16 rubles.

The only foreign money transfer system officially registered in Russia, MoneyGram, will leave the country.

During trading on the Moscow Exchange, the euro rate fell below 88 rubles for the first time since September 2, 2020. The dollar dropped below 74 rubles.

In 2020, Russians withdrew more than $ 28 billion of foreign currency from bank accounts in cash, which is 21% more than in 2019

Russians have become worse at servicing bank loans. The number of debtors with overdue consumer loans for the year soared by eight percent, reaching 5.4 million people (compared to 2019, the number of debtors doubled).

This forecast was made by the President-Chairman of the Management Board of «Sberbank» German Gref.

Experts predict an increase in the bitcoin rate to 50 thousand dollars by the end of the week. However, then its cost will return to the level of 37-40 thousand dollars.