Awara — Doing Business in Russia: Russian Financial System

Short summary. Essentially, Russia is internationalizing (in effect Westernizing) its banking and financial system, as is China also.

Awara
Doing Business in Russia: Russian Financial System

Eugene Isaev

Alexander Mercouris — Cyber-war starting? Russia’s FSB warns of massive cyber-attack on Russian banks on Monday

The FSB has not identified the “foreign intelligence agencies” that are supposedly preparing this attack. However the fact that a Ukrainian company is involved and that the servers and command centres are located in the Netherlands – a NATO state – obviously points in the direction of Ukraine and NATO.

This FSB warning of course comes after US threats to launch cyber-warfare against Russia in connection with the DNC and Podesta leaks.

Though this is the sum total of the information the FSB has publicly provided, it is possible to say more.

Firstly, this would not be the first large scale attempt to destabilise the Russian banking system.

German Gref, the CEO of Sberbank – Russia’s largest bank – has previously said that Sberbank was the target of a what looks like a very similar attack at the height of the rouble crisis in December 2014....

The last point to make about this affair is that it is very interesting that the FSB has apparently been able to detect the preparations for this attack so far in advance. On the face of it this is a notable counter-espionage success. One wonders how it was done.

The Duran

Cyber-war starting? Russia’s FSB warns of massive cyber-attack on Russian banks on Monday

Alexander Mercouris

RT — Foreign intel agencies to launch massive cyberattacks on Russian financial system – FSB

Heading 'em off at the pass.

The Russian Federal Security Service (FSB) has information that foreign intelligence agencies are preparing to launch cyberattacks aimed at destabilizing Russia's financial system, starting as early as next week.
The attacks will also target the activities of Russia’s largest banks.

The cyberattacks, which will start from December 5, will be accompanied by a massive spam text message campaign and inflammatory social network and blog posts – all related to an alleged crisis in the credit and financial system and the bankruptcy and revocation of licenses from major federal and regional banks, a statement published on the FSB website added.

Dozens of Russian cities will be targeted in the cyber assault, it added.
It has been established that the servers and command centers to be used for the attacks are located in the Netherlands, and belong to Ukrainian hosting company BlazingFast, the FSB reported.…

This would be an act of war if state-sponsored.

RT

Foreign intel agencies to launch massive cyberattacks on Russian financial system – FSB


Sputnik
Bank of Russia Issues Recommendations to Counter Planned Foreign Cyberattacks

Alexander Mercouris — The Strange Story of Russia’s Eurobond or How the West is Forcing Russia to Improve its Financial System

The story of the floating of Russia’s eurobond is a revealing tale of Western arrogance and Western blindness, not just about Russia but about the operation of the financial markets. In the process Western actions have achieved the opposite of what Western leaders intended.

The Duran
The Strange Story of Russia’s Eurobond or How the West is Forcing Russia to Improve its Financial System

Alexander Mercouris

Sputnik — Russia's National Payment System to Mass-Produce Cards in December

Russia continues to minimize financial dependence on the West while also retaining integration.

Sputnik
Russia's National Payment System to Mass-Produce Cards in December