DBS Group Holdings has beefed up its wealth management team to cater to rich Russians at a time when many global rivals are staying away from the business amid concerns over widening sanction risks.

US announces $725B for Kyiv with seven weeks left for Biden; Kremlin boosts military spending to 33% of budget as economy ...

MOSCOW, December 2. /TASS/. The Bank of Russia set the official dollar rate at 107.1758 rubles for December 3, down 56.5 kopecks against the previous indicator. The official euro rate was reduced by 1 ...

Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the ...

New restrictions required "adjustments in the servicing of foreign trade flows," the Central Bank noted in its November financial stability review. "These sanctions, in terms of payments for exports ...

Russia's sanctions-hit, militarized economy is expected to slow next year and banks' profits will fall, while the benchmark ...

Russia's second largest lender VTB expects 2025 profit to be 400 billion roubles ($3.76 billion) next year, down from 550 ...

The Russian Central Bank claims that it is winning its battle against peer-to-peer (P2P) crypto exchanges. Find out more!

The combination of a declining currency and a ballooning budget deficit has led to talk of a hard landing for the Russian ...

Russia's sovereign wealth fund has been tapped repeatedly to prop up the ruble, leaving the Kremlin with less firepower to ...

The Russian economy is in the throes of a deepening crisis as its currency, the ruble, continues to plummet to record lows, ...

The Russian currency has hit a 32-month low against the U.S. dollar as the wartime economy faces another blow.