Share of non-cash payments in Russia hits 80%

The share of cashless transactions in Russia has surged to 80%, up from just 25% a decade ago, the head of the Bank of Russia, Elvira Nabiullina, said on Saturday. “The share of non-cash payments is like a barometer for assessment of maturity of state financial system,” Nabiullina said at the international RUSSIA EXPO, which…

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Putin speaks to Modi

The leaders of Russia and India discussed bilateral relations and the Ukraine conflict during a phone call Russian President Vladimir Putin had a phone conversation with Indian Prime Minister Narendra Modi on Monday, the Kremlin has announced. The leaders reportedly discussed issues related to the development of bilateral ties and noted progress in various fields…

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International firms count losses from Russia exit

Western sanctions have so far cost global corporations almost $60 billion, Wall Street Journal estimates The losses of international companies from Western sanctions on Russia have exceeded $59 billion, the Wall Street Journal reported on Friday, citing data from public statements and securities filings.

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