Several Russian banks, including VTB, Yandex Bank, and Moscow Credit Bank, have increased interest rates on ruble deposits, with some offering up to 16% annual interest.
Banks report difficulties buying new dollars abroad
Russian banks report difficulties obtaining new US dollar bills, causing problems for tourists abroad. Some countries require new bills or offer discounts for old ones.
Sberbank announced a reduction in deposit rates from February 22. The 'Best %' line rates will decrease to 22% annually, and 22.5% for 'Premier' clients.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.