DEFINITION of ‘RUB (Russian Ruble)’ The RUB is the currency code for the Russian ruble (RUB), the currency of Russia. Ruble currency symbol. The symbol (sign) of the ruble is an abbreviated graphic designation of the word “ruble”, i.e. symbol of the ruble. If the first mention of the ruble appeared in the 13th century, […]
International (Western: European, American) banks in Russia According to Russian legislation, foreign banks in Russia can not open branches, but may have a share in Russian banks. In other words, foreign banks may open subsidiaries in the Russia, which are inherently Russian banks, but the founders are completely or partially foreigners. These banks operate on […]
If you are going to buy, sell or rent commercial/residential real estate in Russia, you are welcome to use the legal and consulting services of some of the largest real estate companies available. We found information about a range of companies which have been operating and providing their clients with comprehensive services on the real […]
What are the most important, reliable and safest government banks for Russian economy? Bank of Russia is currently engaging in cleaning the domestic banking system and actively revoking the licenses from banks for the violation of banking regulations. Banks with state participation are the most reliable in comparison with others because the probability of revocation […]
What is BIC code BIC is a unique number that acts as the identification code of a banking institution. That BIC (Bank identification code) allows you to determine the exact name of the bank. In addition, if you know this code, you can determine the regional location of the banking organization and its correspondent account […]
Bank clearing number (BC number) and IBAN are not used in the Russian Federation. Use Russian bank identification code (BIC/SWIFT) instead of Bank clearing code. Bank identification code is necessary to determine branch of a credit organization that participates in settlements in the Russian Federation and its territorial location. All BICs are collected in a […]
Russia has ranked up from the 6th to 5th for the year (2016), and relegated South Korea in the top steel-producing countries list. Domestic steelmakers also reduced steel production, but in a lesser degree than that observed in most other countries. The decrease on home market was offset by a sharp rise in export demand, […]
Russian banks use BIC / SWIFT codes instead of Bank Routing Codes. To transfer funds to Russian bank account you should know BIC – Bank identification code of the appropriate bank. You can find BIC codes database by using (DBF database) can be found on the website of the Central Bank of the Russian Federation.