Category: Центральный банк России

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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As of January 30, 2026, Larisa Valterovna Pavlova will leave her post due to retirement.

Larisa Pavlova dedicated over 40 years to working at the Bank of Russia. During her professional career, she rose through the ranks from an economist at a branch of the USSR State Bank to the head of the Volga-Vyatka Main Administration of the Bank of Russia and a member of the Bank of Russia's Board of Directors.

"Larisa Valterovna is a highly skilled professional and an outstanding organizer. She has a unique ability to assemble talented people on her team and create an environment where everyone can fully develop and reach new heights. That's why first Omsk and then Volgo-Vyatka became a true talent pool for the Bank of Russia. Even in the most challenging situations, when a manager faces difficult choices, Larisa Valterovna invariably maintains her humanity and sensitivity—a rare and invaluable quality in a true leader. She is open to new ideas, unafraid to take initiatives, and readily assumes responsibility for their implementation. I am grateful to Larisa Valterovna for her hard work, her wise leadership, and the solid foundations for the future that she has built day after day over many years," noted Bank of Russia Governor Elvira Nabiullina.

Vladimir Pavlovich Egorov has been appointed acting head of the Volga-Vyatka Main Administration of the Bank of Russia.

When using the material, a link to the Press Service of the Bank of Russia is required.

01/12/2026 12:11:00

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Effective January 12, 2026, the Bank of Russia will remove the Bulgarian national currency from the list of foreign currencies whose official exchange rates against the ruble are set by the Bank of Russia. This is due to the introduction of the euro as Bulgaria's national currency on January 1, 2026, and the withdrawal of the Bulgarian lev from circulation.

When using the material, a link to the Press Service of the Bank of Russia is required.

01/12/2026 14:10:00

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

By the end of 2025, the regulator will, for the first time, calculate the level of satisfaction with payment services and the digitalization index of the national payment system. Both indicators will be determined annually and will help assess the current state of the payments market, the impact of innovations, communicate user opinions to market participants, address shortcomings, and adjust regulations if necessary.

Digitalization Index The index is calculated based on five subindices, including 15 diverse indicators related to the competitive environment, security, import substitution, accessibility and speed of payments, the range of payment services, alternative payment methods, transaction activity, conditions for startup development, and more. It will be calculated using information the Bank of Russia already receives from credit institutions, as well as survey results. The digitalization index, calculated based on the results of 2025, will serve as the baseline for assessing trends in subsequent periods.

Payment service user satisfaction level Surveys of citizens and businesses will help determine this. Their responses will reveal how easy and convenient it is to make payments to partners and everyday payments—at a cafe or on a marketplace, for housing and utilities, for tuition, and so on. Based on this assessment, the Bank of Russia will, if necessary, provide recommendations to payment market participants and adjust regulations.

Both indicators will be published for the first time in summer 2026.

Preview photo: Metamorworks / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Can the economy overheat, who's really printing money, and how does the key rate affect the price of coffee—we'll discuss these topics in the "Central Bank Without Filters" podcast series.

This project involves students from various regions visiting the Bank of Russia to ask its staff the most unexpected and challenging questions. Is it true that grocery store prices are rising faster than official figures? Did we ever have a golden age of low inflation? Using simple examples from burgers to fries, Bank of Russia specialists discuss with students how the economy works.

In the first episode, Andrey Gangan, Director of the Monetary Policy Department, and Victoria Kindrat, a student at Moscow State University, examine why it's impossible to set the key rate at zero.

Listen to us onYandex Music, Sound, Mave.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Bank of Russia made a decision establish zero commissions for transactions from digital ruble accounts of citizens and companies in favor of the state. Thesetariffs will come into force on January 1, 2026.

Importantly, access to these operations will be available only to pilot participants for now. After September 1, 2026, major banks will be required to provide everyone with the ability to open digital ruble wallets and manage their balances, including making budget payments using digital rubles.

Let us remember thatpreviouslyThe regulator has decided to extend the grace period (no commissions) for all other business transactions involving digital rubles until the end of 2026. For citizens, payments and transfers using the digital national currency are free at all times.

Preview photo: SERGEI ILNITSKY / EPA / TASS

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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In 2026, holders of the Republic of Belarus's Eurobonds will be able to receive coupon income and present their securities for redemption. The Bank of Russia has extended the term such a mechanism.

In addition, Eurobonds can be replaced by government securities of the Republic of Belarus.

Also is preservedThe ability to receive payments on Eurobonds of the Development Bank of the Republic of Belarus (ISIN XS1904731129 or US25161EАА91) through the Russian infrastructure. Investors will be able to redeem them if necessary.

Thanks to these measures, payments on securities and the replacement of Eurobonds will take place without going through foreign accounting institutions.

Preview photo: cetin34 / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Happy New Year the gradation changes digital financial assets (DFAs) that are available to qualified and non-qualified investors.

Non-qualified investors will be able to freely acquire the most popular digital financial assets, whose payouts are not dependent on any variable indicators, but only if they demonstrate high credit quality. These digital financial assets also include debt assets.

This category of investors will also have access to digital financial assets (DFAs) with returns up to 600,000 rubles, which vary based on the dynamics of clear indicators such as inflation, the key rate, and the price of precious metals or stocks. These instruments must also have a high credit rating. Some of them must also offer capital protection, meaning they offer a return on the initial investment.

At the same time, the procedure for calculating the annual limit is changing: if the digital rights are redeemed or sold within a year, the owner has the right to purchase additional digital financial assets with the proceeds.

Acceptable rating levels for digital financial assets or their issuers will be established by a decision of the Board of Directors of the Bank of Russia.

Digital financial assets with increased risks are permitted for purchase by retail investors only with “qualified” status.

Legal entities will be able to acquire digital rights with virtually no restrictions. An exception will be digital financial assets linked to securities, which are intended only for "quals."

Preview photo: Who is Danny / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.