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Top Russian banks Say Exporters Can Now Get Trapped Funds From India
Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
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Russian Bank Launches Rupee Accounts For Individuals
Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro.
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Russian Tech Giant Releases ChatGPT Rival GigaChat
Russian lender Sberbank said on Monday it had released technology called GigaChat as a rival to ChatGPT, initially in an invite-only testing mode, joining the artificial intelligence chatbot race.
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Russia's Sberbank Executes First Digital Asset Issue On Its platform
Russia's dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with three-month maturity.
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Russia’s VK Launches RuStore, Home-Made App Store, to Replace Western Rivals as Ban Continues
In another push to promote domestic digital services, Russian internet group VK has launched RuStore, a home-made app store, on Wednesday. The new app store will replace Western rivals amid limited access to users in Russia.
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Apple Closes Russian Mir Card Loophole for Apple Pay: Sberbank
US tech giant Apple has suspended its Apple Pay service for Russia's Mir card payment system, Russia's largest lender and payments system said, closing a loophole that had allowed Russians to keep using the service.
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Russia’s Largest Lender Sberbank Gets License to Issue, Exchange Digital Assets
The largest retail bank of Russia, Sberbank, is now authenticated to facilitate digital asset transactions. It will allow people and companies to exchange digital assets for fiat and vice versa, as per the Russian law. The Bank of Russia has granted Sberbank the necessary licences.
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Russia's Top Lender Sberbank Launches Smart TVs to Offset Heavy Blow of Western Sanctions
Russia's top lender Sberbank on Tuesday unveiled a range of smart TVs, the latest addition to its technology arsenal, after its international operations are heavily compromised by Western sanctions against Moscow over Ukraine invasion.
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"Facing Abnormal Cash Outflows": Russia's Largest Lender Quits Europe
Russia's largest lender Sberbank said Wednesday it was quitting the European market after coming under pressure from Western sanctions levelled against the state bank in response to Moscow's invasion of Ukraine.
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Sberbank Unveils Second Supercomputer Christofari Neo to Meet Internal, External AI Demand
A second supercomputer and artificial intelligence (AI) upgrades form part of Sberbank's enhanced offerings of digital services such as cloud computing and virtual assistant software, Chief Technology Officer David Rafalovsky said.
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Russia's SberAutoTech Unveils Self-Driving Vehicle FLIP
SberAutoTech, a subsidiary of Russia's largest lender Sberbank, has developed a fully self-driving vehicle, FLIP, which the company on Thursday described as a "taxi of the future".
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Sberbank and Alfa Bank Among Russian Banks Hit by Cyber-Attacks
Kaspersky Lab said the distributed denial of service (DDoS) attacks represented the first major wave of such attacks on Russian banks this year.
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New BRICS Bank to Look at Local, International Borrowing: President
The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said today.
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Big Companies Disclose Too Little on Operations Abroad: Report
The Berlin-based anti-corruption watchdog named Bank of China, Honda Motor, Bank of Communications, Agricultural Bank of China and Russia's Sberbank as the five least transparent companies.
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Oil Holds Above $98 but Weak Demand, Strong Dollar Weigh
Brent crude oil held above $98 a barrel on Friday as the market rebounded from a two-year low but concerns over weak demand and plentiful supplies, plus a strong dollar, continued to weigh on prices.
-
Top Russian banks Say Exporters Can Now Get Trapped Funds From India
Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
-
Russian Bank Launches Rupee Accounts For Individuals
Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro.
-
Russian Tech Giant Releases ChatGPT Rival GigaChat
Russian lender Sberbank said on Monday it had released technology called GigaChat as a rival to ChatGPT, initially in an invite-only testing mode, joining the artificial intelligence chatbot race.
-
Russia's Sberbank Executes First Digital Asset Issue On Its platform
Russia's dominant lender Sberbank on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with three-month maturity.
-
Russia’s VK Launches RuStore, Home-Made App Store, to Replace Western Rivals as Ban Continues
In another push to promote domestic digital services, Russian internet group VK has launched RuStore, a home-made app store, on Wednesday. The new app store will replace Western rivals amid limited access to users in Russia.
-
Apple Closes Russian Mir Card Loophole for Apple Pay: Sberbank
US tech giant Apple has suspended its Apple Pay service for Russia's Mir card payment system, Russia's largest lender and payments system said, closing a loophole that had allowed Russians to keep using the service.
-
Russia’s Largest Lender Sberbank Gets License to Issue, Exchange Digital Assets
The largest retail bank of Russia, Sberbank, is now authenticated to facilitate digital asset transactions. It will allow people and companies to exchange digital assets for fiat and vice versa, as per the Russian law. The Bank of Russia has granted Sberbank the necessary licences.
-
Russia's Top Lender Sberbank Launches Smart TVs to Offset Heavy Blow of Western Sanctions
Russia's top lender Sberbank on Tuesday unveiled a range of smart TVs, the latest addition to its technology arsenal, after its international operations are heavily compromised by Western sanctions against Moscow over Ukraine invasion.
-
"Facing Abnormal Cash Outflows": Russia's Largest Lender Quits Europe
Russia's largest lender Sberbank said Wednesday it was quitting the European market after coming under pressure from Western sanctions levelled against the state bank in response to Moscow's invasion of Ukraine.
-
Sberbank Unveils Second Supercomputer Christofari Neo to Meet Internal, External AI Demand
A second supercomputer and artificial intelligence (AI) upgrades form part of Sberbank's enhanced offerings of digital services such as cloud computing and virtual assistant software, Chief Technology Officer David Rafalovsky said.
-
Russia's SberAutoTech Unveils Self-Driving Vehicle FLIP
SberAutoTech, a subsidiary of Russia's largest lender Sberbank, has developed a fully self-driving vehicle, FLIP, which the company on Thursday described as a "taxi of the future".
-
Sberbank and Alfa Bank Among Russian Banks Hit by Cyber-Attacks
Kaspersky Lab said the distributed denial of service (DDoS) attacks represented the first major wave of such attacks on Russian banks this year.
-
New BRICS Bank to Look at Local, International Borrowing: President
The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said today.
-
Big Companies Disclose Too Little on Operations Abroad: Report
The Berlin-based anti-corruption watchdog named Bank of China, Honda Motor, Bank of Communications, Agricultural Bank of China and Russia's Sberbank as the five least transparent companies.
-
Oil Holds Above $98 but Weak Demand, Strong Dollar Weigh
Brent crude oil held above $98 a barrel on Friday as the market rebounded from a two-year low but concerns over weak demand and plentiful supplies, plus a strong dollar, continued to weigh on prices.
