Russia
Fake it ’til you break it: the battle against disinformation
Transparency, beefed-up comms and AI are all being enlisted in central banks’ fight against falsehood
High Russian growth ‘extremely unlikely’ – Bank of Finland study
Reports shows labour shortages, capacity constraints are beginning to bite
People: IMF appoints general counsel
Bank of Russia names new monetary policy head; Rob Brand becomes DNB’s chief investment officer
IMF review of Russia’s economy ‘postponed indefinitely’
Regular Article IV consultation cancelled after international pressure
Russia hikes rates by 100bp
Central bank says growth in demand for goods and services still “significantly outstrips” supply
Russia’s tangled web of sanctions evasion
Central bank has been at heart of efforts to ensure continued payments from oil sales
Bank of Russia expands CBDC pilot
Central bank says second phase will involve far greater numbers of people and firms than initial stage
Russia launches payments moratorium for displaced citizens
Residents of regions affected by Ukraine’s counteroffensive can defer payments for up to six months
Sovereign debt in default fell by 1% in 2023 – BoC study
Research finds shift in lending away from Paris Club creditors towards China
Malaysia is latest country to seek Brics membership
However, uncertainty remains over whether Saudi Arabia will join emerging economies bloc
Bank of Russia hikes interest rates by 200bp
Labour shortage continues to grow under war economy
Turkey’s economic odyssey: inflation, lira decline and strategic shifts
Marcello Minenna delves into the damage of 20 years of ‘Erdoganomics’
Ukraine’s governor on central banking as war endures
The NBU’s Andriy Pyshnyy speaks about the need for investment and reform amid labour shortages, securing war-risk insurance and Ukrainian funding from Russia’s frozen assets
Book notes: Bucking the buck: US financial sanctions and the international backlash against the dollar, by Daniel McDowell
A timely and well-documented book about the weaponisation of the US dollar
Russian central bank reacts to tighter US sanctions
Bank of Russia suspends some dollar trading as G7 countries consider moves against Chinese banks
Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia governor Lkhagvasuren Byadran speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
MNB tells Hungarian lending group to ‘tread lightly’ in Russia
“Selling subsidiary for less than half its worth would help Russia,” OTP Bank CEO says
G7 may use Russian asset profits to fund Ukraine
US asks European governments to agree money should back $50 billion loan
EU agrees to use Russian asset profits to support Ukraine
“This is not our decision, but a political one,” says Euroclear chief executive
Bank of Russia holds rates
Nabiullina hints at significant fiscal change and says “inflationary pressure” remains
UK floats plan to seize Russian central bank assets
Foreign secretary says country is prepared to act without all its Nato partners