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…

The Russian president paid tribute to his counterpart’s “independent foreign policy” after he won reelection Russian President Vladimir Putin congratulated Turkish President Recep Tayyip Erdogan on winning a third term in office on Sunday. Putin thanked Erdogan for his “personal contribution” to strengthening relations between Russia and Türkiye.

[unable to retrieve full-text content]