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Banking In Russia
Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations. History Soviet period Until 1986, the USSR banking system included 4 components: Stroybank, Vneshtorgbankand, Mrudesberkass and Gosbank. Perestroika Perestroika reforms affected the banking system. In June 1987, a plenum of the Central Committee of the CPSUs took place, where it was decided to improve the system. In July 1987, the Central Committee of the CPSU and the "Council of Ministers of the USSR made Resolution No. 821 "On improving the system of banks in the country and strengthening their impact on improving the efficiency of the economy. The creation of banks on a commercial basis was permitted by the Law "On Cooperation in the USSR", adopted on May 26, 1988. As part of Mikhail Gorbachev's perestroika program, other banks were formed, including; "Proms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITAR TASS
The Russian News Agency TASS (russian: Информацио́нное аге́нтство Росси́и ТАСС, translit=Informatsionnoye agentstvo Rossii, or Information agency of Russia), abbreviated TASS (russian: ТАСС, label=none), is a major Russian State media, state-owned news agency founded in 1904. TASS is the largest Russian news agency and one of the largest news agencies worldwide. TASS is registered as a Federal State Unitary Enterprise, owned by the Government of Russia. Headquartered in Moscow, TASS has 70 offices in Russia and in the Commonwealth of Independent States (CIS), as well as 68 bureaus around the world. In Soviet times, it was named the Telegraph Agency of the Soviet Union (russian: Телегра́фное аге́нтство Сове́тского Сою́за, translit=Telegrafnoye agentstvo Sovetskogo Soyuza, label=none) and was the central agency for news collection and distribution for all Soviet newspapers, radio and television stati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Visa Inc
Visa Inc. (; stylized as ''VISA'') is an American multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa is one of the world's most valuable companies. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rossiya Bank
The Rossiya Bank (Bank Rossiya (russian: Банк «Росси́я»), in Russian: Акционерный коммерческий банк Россия, АКБ Россия) is a Russian joint stock bank founded on June 27, 1990. The company's headquarters are in Saint Petersburg. The bank has been associated with the Vladimir Putin regime in Russia. The Pandora Papers leak revealed that the bank built a network of shadow companies that kept offshore wealth for Russian elites. History Communist Party ownership and 1991 Soviet coup d'état attempt On August 23, 1990, a secret memorandum from Vladimir A. Ivashko, who was Gorbachev's deputy general secretary, was issued to organize the transfer of CPSU funds, CPSU financing and support of its operations through associations, ventures, foundations, etc. which are to act as invisible economics. Bank Rossiya was one of the hundreds of entreprises that CPSU financiers used to funnel the party gold away. In 1990, the CPSU committee o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the '' Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he represented the 13th district in the Illinois Senate from 1997 until 2004, when he ran for the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accession Of Crimea To The Russian Federation
In February and March 2014, Russia invaded and subsequently annexed the Crimean Peninsula from Ukraine. This event took place in the aftermath of the Revolution of Dignity and is part of the wider Russo-Ukrainian War. The events in Kyiv that ousted Ukrainian president Viktor Yanukovych on 22 February 2014 sparked pro-Russian demonstrations as of 23 February against the (prospected) new Ukrainian government. At the same time Russian president Vladimir Putin discussed Ukrainian events with security service chiefs remarking that "we must start working on returning Crimea to Russia". On 27 February, Russian troops captured strategic sites across Crimea, followed by the installation of the pro-Russian Aksyonov government in Crimea, the Crimean status referendum and the declaration of Crimea's independence on 16 March 2014. Although Russia initially claimed their military was not involved in the events, Putin later admitted that troops were deployed to "stand behind Crimea's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Crimea
The Republic of Crimea, translit. ''Respublika Krym'' ; uk, Республіка Крим, translit. ''Respublika Krym'' ; crh, , is an unrecognized federal subject (republic) of Russia, located in the Crimean Peninsula. Its territory corresponds to the Autonomous Republic of Crimea, a ''de jure'' subdivision of Ukraine. Russia occupied and annexed the peninsula in 2014, though the annexation remains internationally unrecognized. Similarly to Ukraine, Russia administers the city of Sevastopol separately, claiming it as a federal city. The capital and largest city located within its borders is Simferopol, which is the second-largest city in Crimea. As of the 2021 Russian census, the Republic of Crimea had a population of 1,934,630. History Background The origins of the Russian historical claim to Crimea, which would culminate in the 2014 annexation of the territory, date to the 18th century, when the Russian Empire, under the Empress Catherine the Great, annexed th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Declaration Of Independence Of The Republic Of Crimea
The Declaration of Independence of the Autonomous Republic of Crimea and Sevastopol was a joint resolution adopted on March 11, 2014 by the Supreme Council of Crimea and the Sevastopol City Council that proclaimed the Autonomous Republic of Crimea and the city of Sevastopol a sovereign state — the Republic of Crimea. The decision was taken after unmarked troops (referred to as little green men), widely believed to be Russian soldiers, invaded Crimea and seized the region's parliament.How Russia Took Crimea Macias, Amanda (2015). Business Insider. Retrieved August 1, 2017. The declaration of independence and subsequent were not internationally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2014 Crimean Referendum
The Crimean status referendum of 2014 was a disputed referendum on March 16, 2014, concerning the status of Crimea, in the Autonomous Republic of Crimea and the local government of Sevastopol (both subdivisions of Ukraine) after Russian forces were sent to seize control of Crimea. The referendum was held amidst Russia's annexation of Crimea.How Russia Took Crimea Macias, Amanda (2015). Business Insider. Retrieved August 1, 2017. The referendum asked local populations whether they wanted to rejoin as a , ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2014 Crimean Crisis
In February and March 2014, Russia invaded and subsequently annexed the Crimean Peninsula from Ukraine. This event took place in the aftermath of the Revolution of Dignity and is part of the wider Russo-Ukrainian War. The Revolution of Dignity, events in Kyiv that ousted Ukrainian president Viktor Yanukovych on 22 February 2014 sparked pro-Russian Timeline of the 2014 Crimean crisis#February 23, demonstrations as of 23 February against the (prospected) First Yatsenyuk government, new Ukrainian government. At the same time Russian president Vladimir Putin discussed Ukrainian events with security service chiefs remarking that "we must start working on returning Crimea to Russia". On 27 February, Little green men (Russo-Ukrainian War), Russian troops captured strategic sites across Crimea, followed by the installation of the pro-Russian Sergey Aksyonov, Aksyonov government in Crimea, the 2014 Crimean status referendum, Crimean status referendum and the declaration of Declaration ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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