Sergey Shvetsov

Russia's central bank to stop being lombard

The Russian Central Bank will reduce its Lombard list, limiting it with only federal loan bonds and state securities. The remaining securities will be accepted in the framework of the emergency liquidity assistance mechanism (ELA), but on an …

Russia buying gold

Russia should increase a share of gold in its state reserves to beef up national security, the First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said. "The Bank of Russia and other countries give …

Does Russia need new pension system?

The Central Bank of Russia  is developing the new pension support system, which will be an alternative to existing methods of calculating pensions. "We are trying to develop an alternative that will be less costly for the …