Following some of the harshest sanctions ever imposed on a country, Russia could face a banking crisis within a year as its economy braces for the worst contraction in nearly three decades.
Central & eastern Europe
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New Russian sanctions present tricky issues for borrowers and issuers
March 30, 2022How borrowers and issuers can navigate the exposure risk to recently sanctioned creditors is a difficult question to answer.
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International banks feel the pain from Russian sanctions
March 25, 2022How can banks learn from this experience to be better prepared for future geopolitical conflicts?
Italian and French banks most exposed to Russia
March 15, 2022Italian and French banks carry the greatest risks to their financial prospects among foreign lenders operating in Russia, according to the latest statistics from BIS.
Russian corporate debt under pressure from sanctions
March 8, 2022Large volumes of debt from Russian borrowers are at risk of being pushed into junk status.
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Swift ban won't seriously impact Russian banks
March 1, 2022Removal of Russian banks from Swift will not cause serious disruptions to the country’s lenders.
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Markets will need to rethink high valuations
February 15, 2022The CEO of VTB Capital Investments talks to Burhan Khadbai about the macroeconomic landscape, the rise of retail investing in Russia and the asset manager’s ambitions to get involved in the growing cryptocurrency market.
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Russia’s banks embracing an ecosystem approach
February 3, 2022The rapid pace of digitalisation is disrupting traditional banking operations in Russia, encouraging incumbents to look to new business models.
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Consumer lending boom lifts Russian banks
October 7, 2021Russian banks almost doubled their profits in the first half of the year, but risks are increasing.
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Russian banks should prepare for digital rouble disruption
September 2, 2021As the country's central bank plans its central bank digital currency pilot, banks are concerned its introduction could cause funding costs to rise.