Russian Central Bank Governor Elvira Nabiullina announced there are no restrictions for investors to withdraw cryptocurrency abroad, but cautioned that Russian law does not protect investors operating outside the country's jurisdiction.
Euroclear has filed an appeal with the 9th Arbitration Court of Appeal to suspend enforcement of a ruling ordering it to pay Russia's Central Bank 18.2 trillion rubles ($239 billion). The claim stems from frozen Russian assets amid EU plans to fund Ukraine.
Bloomberg Economics forecasts Russia's key interest rate to fall to 13% by the end of 2026 and further decrease to 10% by the end of 2027. The Bank of Russia is expected to continue easing monetary policy, albeit at a slower pace.
The Russian ruble has stabilized within a 75-85 rubles per US dollar range, contrary to many expectations, according to Andrey Gangan, Director of the Monetary Policy Department at the Bank of Russia. He noted that despite past economic shocks causing sharp fluctuations, the currency has maintained this established trading band over the past year and a half.
VTB Bank's First Deputy CEO Dmitry Pyanov stated that the bank expects the Central Bank of Russia to increase its average key rate forecast for 2027 from 8-9% to 10-11% at the next meeting, citing the primary budget deficit.
Economist Nikita Maslennikov criticized a bill proposing parliamentary approval for the Russian Central Bank's key interest rate above 7%. He argued it infringes on the bank's independence and suggested improving coordination between the regulator and government instead.
Euroclear has requested a suspension of judicial rulings in a lawsuit filed by the Russian Central Bank. The lawsuit seeks compensation of approximately 200 billion euros, related to frozen Russian assets held by Euroclear.
Euroclear will keep Russian Central Bank assets frozen, citing EU law and rejecting Moscow court jurisdiction, despite a ruling ordering the release of $251 billion. The EU plans to use frozen Russian assets to fund Ukraine.
Euroclear Bank will keep Russian Central Bank assets frozen, citing international sanctions and non-recognition of EU law. This follows a Moscow court ruling ordering Euroclear to return 18.2 trillion rubles ($251 bln) to the Bank of Russia.
