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Public transport of Voronezh threatened by leasing collapse

... increased rates on existing agreements up to 30%, and new contracts are proposed to be concluded at a double rate. Carriers may face bankruptcy in such a situation, while partners explain their financial policy by the increase in the key rate by the Central Bank. The head of RusAvtoLeasing, Marina Potapova, in an interview with Abireg, said that lessors were forced to raise rates in accordance with contracts in order to at least partially cover the costs incurred. At the same time, cases of growth ...

Russian State Duma to restrict the flight of bankrupt bankers from country

... of the document itself is planned to be submitted to the parliamentary session on April 5, 2022. The problem of “flight” of financiers, due to fault of which credit institutions went bankrupt, was first raised in September 2016. The Chairman of the Central Bank discussed it at a meeting with the President of the Russian Federation, drawing attention to the withdrawal of assets abroad and the subsequent emigration of the heads of a number of banks. At the same time, the government and law enforcement ...

Bankruptcy of "Lipetskoblbank" finally completed

... 569.7 million rubles of debts to creditors. All property that could be sold was sold, but the organization was unable to pay all debts to 556 creditors (in the amount of 704.8 million rubles). Lipetsk Regional Bank lost its license in July 2013. The Central Bank found that by the beginning of May 2013, the bank's high-risk assets exceeded its own funds by 38.5%. At the same time, 80% of the monetary resources were the deposits of citizens. The regulator considered that the credit institution pursued ...

S&P Global Ratings: risk of default in Russia is high

... ones in response. At present, the rating in both foreign and national currencies has been downgraded to CCC-. The agency attributed the sharp drop in the rating to Russia's special operation in Ukraine and subsequent sanctions, including against the Central Bank. According to S&P, in the coming weeks, the Russian rating may again show a decrease, RBC reports . The current situation also increases the risk of default in the country, as mentioned by the agency. The credit rating is designed to demonstrate ...

Disconnection of banks from SWIFT: what threat does it pose to Russia?

... ban on Russians from obtaining ‘golden passports’, which allow those who make large financial investments in the economy of a particular country to obtain a residence permit or European citizenship. In addition, sanctions should also be applied to the Central Bank of the Russian Federation, which will limit the regulator's ability to maintain the ruble exchange rate through financial transactions abroad. The SWIFT system was formed in 1973 in Belgium, when credit institutions from 15 countries decided ...

Cards of sanctioned banks will no longer be supported by Apple Pay and Google Pay

... Google Pay services will no longer work with Russian banks that have fallen under sanctions. We are talking about VTB, PSB, Sovcombank, Otkritie and Novikombank. It will no longer be possible to pay with cards of these banks from smartphones, the Central Bank said in its statement. However, the plastic cards will continue to work as usual. The funds on the cards are available and beyond danger, the Central Bank recalled. But there is a caveat - customers of banks that have fallen under sanctions ...

Fraudsters’ attacks: the number of financial pyramids in Russia has increased 4 times

The Central Bank reports a significant increase in the number of illegal entrepreneurs and organizations in the Russian financial market in 2021. During the year, the regulator identified 2,679 such entities, including 871, the activities of which had signs ...

Case of Rinvestbank: materials on the embezzlement of 1 billion reached the court

... Vladimir Romanov. Together with him, the former top managers Svetlana Pozdnova and Maxim Tkachev are suspected. We should remind our readers that the credit institution was deprived of a license in July 2016. A few months after the decision of the Central Bank, the organization was declared insolvent by the arbitration court of Ryazan (case No. A54-4157 / 2016). According to the investigation, the beneficiary of the bank, Romanov, and other defendants stole more than 1 billion in 2015-2016, having ...

Proinvestbank declared bankrupt

The Perm Regional Arbitration Court satisfied the claim of the Central Bank of the Russian Federation on the bankruptcy of ‘Professional Investment Bank’ JSCB. The credit institution lost its license on April 23, 2022. The reason for this was a bankruptcy claim of the Central Bank. According to the regulator,...

Cryptocurrency may be banned in Russia

The day before, it became known about the intentions of the Central Bank to introduce a ban on investing in cryptocurrency. The situation occurred due to the regulator's concerns about financial stability due to the growth of cryptocurrency transactions. Last year, Russia granted cryptocurrency a legal status,...

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