The Chinese currency now accounts for the largest share of forex trading, the regulator reports The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday.
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The current year could prove even more profitable for Russian banks than record-breaking 2023, Central Bank Deputy Governor Olga Polyakova said at a conference on Tuesday. Last year, a sharp rise in mortgages as well as consumer and corporate lending resulted in banks posting profits of 3.3 trillion rubles ($35.4 billion), despite Western sanctions on…
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Washington is concerned about global fuel prices, Defense Secretary Austin has said Ukraine should go after military objectives, as strikes on Russian refineries could raise global oil prices, US Secretary of Defense Lloyd Austin told a Senate panel on Tuesday.
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