In 2023, the Russian branch of Raiffeisen Bank earned over $1 billion in the first three quarters, which accounted for about ...

Austria's Raiffeisen Bank International AG is making money from companies that supply products to Putin's army. Source: ...

By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russian banks made record annual profits of 4 trillion roubles ...

Sanctions and the war are taking a toll on Russia’s IT sector. In mid-December, The Bell reported widespread layoffs across ...

The country’s wealth fund is being depleted after three years of war – and signs of fragility are starting to emerge ...

Sberbank has launched a large-scale campaign to reduce staff in its subsidiaries: Kuper, MegaMarket, SberLogistics and ...

Russia's $2.2 trillion economy had until recently shown remarkable endurance during the war, and Putin has praised top ...

Domestic activity has become strained in recent months by labour shortages and high interest rates introduced to tackle ...

Russia's largest lender Sberbank has today reported record annual profits of 1.56 trillion roubles ($15.22 billion) for 2024, ...

Russian banks achieved record profits in 2024, totaling 4 trillion roubles. High interest rates and solid loan growth ...

A state-owned Russian bank linked to the defence sector is in talks to buy Russian consumer electronics retailer ...