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Banking in Russia

Index Banking in Russia

Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations. [1]

37 relations: Alfa-Bank, Annexation of Crimea by the Russian Federation, Bank, Bank of Moscow, Barack Obama, Bloomberg L.P., Central Bank of Russia, Channel One Russia, Credit card, Credit derivative, Crimean status referendum, 2014, Declaration of Independence of the Republic of Crimea, Financial institution, Gazprombank, Gosbank, History of Russia (1991–present), Law of Russia, Mastercard, Mikhail Gorbachev, Otkritie FC Bank, Perestroika, President of the United States, Promsvyazbank, Raiffeisenbank (Russia), Republic of Crimea, Rosbank, Rosselkhozbank, Rossiya Bank, Russia, Sberbank of Russia, Soviet Union, TASS, The Moscow Times, UniCredit, Visa Inc., Vnesheconombank, VTB Bank.

Alfa-Bank

Alfa Bank JSC, the corporate treasury of the Alfa Group, is one of the largest private commercial banks in Russia.

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Annexation of Crimea by the Russian Federation

The Crimean peninsula was annexed from Ukraine by the Russian Federation in February–March 2014.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Bank of Moscow

The Bank of Moscow (Банк Москвы) was a Russian bank that provided banking services to both corporate and retail customers until May 2016.

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Barack Obama

Barack Hussein Obama II (born August 4, 1961) is an American politician who served as the 44th President of the United States from January 20, 2009, to January 20, 2017.

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Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

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Central Bank of Russia

The Central Bank of the Russian Federation (Центральный банк Российской Федерации Tsentral'nyy bank Rossiyskoy Federatsii) also known as the Bank of Russia (Банк России Bank Rossii) is the central bank of the Russian Federation, founded in 1860 as The State Bank of the Russian Empire, headquartered on Neglinnaya Street in Moscow.

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Channel One Russia

Channel One (p, literally First Channel) is the first television channel to broadcast in the Russian Federation.

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Credit card

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges.

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Credit derivative

In finance, a credit derivative refers to any one of "various instruments and techniques designed to separate and then transfer the credit risk"The Economist Passing on the risks 2 November 1996 or the risk of an event of default of a corporate or sovereign borrower, transferring it to an entity other than the lender or debtholder.

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Crimean status referendum, 2014

A controversial referendum on the status of Crimea was held on March 16, 2014, by the legislature of the Autonomous Republic of Crimea and by the local government of Sevastopol (both subdivisions of Ukraine).

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Declaration of Independence of the Republic of Crimea

The Declaration of Independence of the Republic of Crimea was a joint resolution adopted on March 11, 2014 by the Russian-proclaimed Supreme Council of Crimea and the Sevastopol City Council where they expressed their intention to join Russia, in the event of a Yes vote in a referendum that was to be held on March 16.

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Financial institution

Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.

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Gazprombank

Gazprombank (Газпромбанк), or GPB (JSC), is a state-owned Russian bank, the third largest bank in the country by assets.

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Gosbank

Gosbank (Госбанк, Государственный банк СССР, Gosudarstvenny bank SSSR—the State Bank of the USSR) was the central bank of the Soviet Union and the only bank whatsoever in the entire Union from the 1930s to 1987.

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History of Russia (1991–present)

The history of Russia from 1991 to the present began with the dissolution of the Soviet Union on 26 December 1991, and the establishment of the Russian Federation.

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Law of Russia

The primary and fundamental statement of laws in the Russian Federation is the Constitution of the Russian Federation.

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Mastercard

Mastercard Incorporated (stylized as MasterCard from 1979 to 2016 and mastercard since 2016) is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York, United States.

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Mikhail Gorbachev

Mikhail Sergeyevich Gorbachev, GCL (born 2 March 1931) is a Russian and former Soviet politician.

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Otkritie FC Bank

PJSC "Bank Otkritie Financial Corporation" or Otkritie FC Bank (Банк «ФК Открытие», translates as opening or discovery) is one of Russia's largest full-service commercial banks.

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Perestroika

Perestroika (a) was a political movement for reformation within the Communist Party of the Soviet Union during the 1980s until 1991 and is widely associated with Soviet leader Mikhail Gorbachev and his glasnost (meaning "openness") policy reform.

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President of the United States

The President of the United States (POTUS) is the head of state and head of government of the United States of America.

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Promsvyazbank

Promsvyazbank (ЗАО "Промсвязьбанк") is a privately owned Russian bank from Moscow.

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Raiffeisenbank (Russia)

AO Raiffeisenbank (АО «Райффайзенбанк») is a bank in Russia.

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Republic of Crimea

The Republic of Crimea (or; Республика Крым, Respublika Krym, Республіка Крим, Respublika Krym, Къырым Джумхуриети, Qirim Cumhuriyeti) is a federal subject of Russia that is located on the Crimean Peninsula.

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Rosbank

Rosbank (Russian: Росбанк) is a Russian universal bank whose majority shareholder is the international financial group Société Générale.

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Rosselkhozbank

Russian Agricultural Bank (Россельхозбанк) is a state-owned agricultural bank based in Moscow.

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Rossiya Bank

The Rossiya Bank (Bank Rossiya, in Russian: Акционерный коммерческий банк Россия, АКБ Россия) is a Russian joint stock bank founded on June 27, 1990.

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Russia

Russia (rɐˈsʲijə), officially the Russian Federation (p), is a country in Eurasia. At, Russia is the largest country in the world by area, covering more than one-eighth of the Earth's inhabited land area, and the ninth most populous, with over 144 million people as of December 2017, excluding Crimea. About 77% of the population live in the western, European part of the country. Russia's capital Moscow is one of the largest cities in the world; other major cities include Saint Petersburg, Novosibirsk, Yekaterinburg and Nizhny Novgorod. Extending across the entirety of Northern Asia and much of Eastern Europe, Russia spans eleven time zones and incorporates a wide range of environments and landforms. From northwest to southeast, Russia shares land borders with Norway, Finland, Estonia, Latvia, Lithuania and Poland (both with Kaliningrad Oblast), Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia and North Korea. It shares maritime borders with Japan by the Sea of Okhotsk and the U.S. state of Alaska across the Bering Strait. The East Slavs emerged as a recognizable group in Europe between the 3rd and 8th centuries AD. Founded and ruled by a Varangian warrior elite and their descendants, the medieval state of Rus arose in the 9th century. In 988 it adopted Orthodox Christianity from the Byzantine Empire, beginning the synthesis of Byzantine and Slavic cultures that defined Russian culture for the next millennium. Rus' ultimately disintegrated into a number of smaller states; most of the Rus' lands were overrun by the Mongol invasion and became tributaries of the nomadic Golden Horde in the 13th century. The Grand Duchy of Moscow gradually reunified the surrounding Russian principalities, achieved independence from the Golden Horde. By the 18th century, the nation had greatly expanded through conquest, annexation, and exploration to become the Russian Empire, which was the third largest empire in history, stretching from Poland on the west to Alaska on the east. Following the Russian Revolution, the Russian Soviet Federative Socialist Republic became the largest and leading constituent of the Union of Soviet Socialist Republics, the world's first constitutionally socialist state. The Soviet Union played a decisive role in the Allied victory in World War II, and emerged as a recognized superpower and rival to the United States during the Cold War. The Soviet era saw some of the most significant technological achievements of the 20th century, including the world's first human-made satellite and the launching of the first humans in space. By the end of 1990, the Soviet Union had the world's second largest economy, largest standing military in the world and the largest stockpile of weapons of mass destruction. Following the dissolution of the Soviet Union in 1991, twelve independent republics emerged from the USSR: Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Armenia, Azerbaijan, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan and the Baltic states regained independence: Estonia, Latvia, Lithuania; the Russian SFSR reconstituted itself as the Russian Federation and is recognized as the continuing legal personality and a successor of the Soviet Union. It is governed as a federal semi-presidential republic. The Russian economy ranks as the twelfth largest by nominal GDP and sixth largest by purchasing power parity in 2015. Russia's extensive mineral and energy resources are the largest such reserves in the world, making it one of the leading producers of oil and natural gas globally. The country is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction. Russia is a great power as well as a regional power and has been characterised as a potential superpower. It is a permanent member of the United Nations Security Council and an active global partner of ASEAN, as well as a member of the G20, the Shanghai Cooperation Organisation (SCO), the Council of Europe, the Asia-Pacific Economic Cooperation (APEC), the Organization for Security and Co-operation in Europe (OSCE), and the World Trade Organization (WTO), as well as being the leading member of the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO) and one of the five members of the Eurasian Economic Union (EEU), along with Armenia, Belarus, Kazakhstan and Kyrgyzstan.

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Sberbank of Russia

Sberbank (Sberbank, Сбербанк, initially a contraction of "сберегательный банк" – sbyeryegatyelniy bank; English: "Savings bank") is a state-owned Russian banking and financial services company headquartered in Moscow.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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TASS

Russian News Agency TASS (Informatsionnoye agentstvo Rossii TASS), abbr.

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The Moscow Times

The Moscow Times is an English-language weekly newspaper published in Moscow, with a circulation of 55,000 copies.

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UniCredit

UniCredit S.p.A. is an Italian global banking and financial services company.

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Visa Inc.

Visa Inc. (also known as Visa, stylized as VISA) is an American multinational financial services corporation headquartered in Foster City, California, United States.

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Vnesheconombank

Vnesheconombank, or VEB (Внешэкономбанк (ВЭБ)), is a Russian government-owned development bank, meant to provide funding for projects aimed at developing the Russian economy.

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VTB Bank

VTB Bank (Russian: ПАО Банк ВТБ, former Vneshtorgbank, lit. foreign trade bank) is one of the leading universal banks of Russia.

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Redirects here:

Banking in Russia (regulations), Banking in russia, Russian banking.

References

[1] https://en.wikipedia.org/wiki/Banking_in_Russia

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