EconomyAksakov says Russia’s banking sector shows no alarming signs despite sanctions
State Duma Financial Market Committee Chairman Anatoly Aksakov said Russia’s banking resilience should be judged by financial performance and the ability to adapt payment infrastructure, not by the number of institutions under sanctions. The sector posted record first-half profits, though the market is becoming more polarized and smaller banks face greater funding and income pressures.
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TASS★★★☆☆2026-08-28 10:39Original
Aksakov says Russia’s banking sector shows no alarming signs despite sanctions