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Russian Bank

The Bank of Russia has decided to lower the benchmark interest rate by 25 basis points, to stand at 7.5%, due to the deterioration of economic conditions in the country, as reported this Friday. "The economic slowdown of annual inflation is continuing," the monetary authority stressed, adding that…
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US sanctions Russian bank over petro financing

The United States government incorporated a Moscow-based financial institution called Evrofinance Mosnarbank into its blacklist. The bank was created in 2011 jointly between Vladimir Putin and former Venezuelan President Hugo Chávez.…