Bank of Russia

Money Moves

Held the key rate at 14% on October 23; published its Key Rate Discussion summary on November 5; next decision due December 18, 2026

The Bank of Russia held its key rate at 14% on October 23, the second meeting in a row without a cut. Its November 5 discussion summary said the economy returned to overheating in the third quarter, with underlying inflation running at 5-6% annualised.

Updated 4 hours ago

Rule Changes

As of September 2026: Supervises the regulated crypto market

Russian investors can now buy Bitcoin, Ether, and Tether's USDT through state-licensed platforms. Federal Law No. 282-FZ, which took effect September 1, puts crypto trading, custody, and cross-border settlements under Bank of Russia supervision for the first time.

Updated Sep 2

Rule Changes

As of May 2026: Escalated from single Moscow lawsuit to announced multi-jurisdiction enforcement strategy; pursuing damages in Russian courts, foreign jurisdictions, and international tribunals

Russia's central bank sued Euroclear in Moscow on December 12, seeking €193.7 billion in damages. Six days later the plan that triggered the lawsuit—using frozen reserves to back Ukraine loans—collapsed at the European Council. Belgium refused the legal risk; the EU pivoted to a €90 billion conventional loan backed by its own budget instead.

Updated May 15