Loss-making banks in Russia nearly doubled in first two months of 2026, Izvestia reports.
10 May 2026, 01:12
Loss-making banks in Russia nearly doubled in first two months of 2026, Izvestia reports. According to Central Bank data, approximately 20% of Russian banks were unprofitable by end of January-February 2026, increasing from 34 to 60 institutions. The rise mainly impacted small banks holding less than 1% of the sector’s total assets.
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10 May 2026, 01:12
European Union once again fails to finalize trade agreement with the United States on Wednesday, despite U.S. pressure, Bloomberg reports. Former President Trump has threatened to impose a 25% tariff on European cars if the EU does not swiftly fulfill its obligations under the July 2025 trade deal. More details can be found here.
European Union once again fails to finalize trade agreement with the United States on Wednesday, despite U.
European Union once again fails to finalize trade agreement with the United States on Wednesday, despite U.S. pressure, Bloomberg reports. Former President Trump has threatened to impose a 25% tariff on European cars if the EU does not swiftly fulfill its obligations under the July 2025 trade deal. More details can be found here.