Tax on Banks' Excess Profits Will Not Benefit Russian Economy - Central Bank Head

NAMPA / Sputnik

2025-10-24

MOSCOW, October 24 (RIA Novosti) - The excess profit tax on banks will not bring any benefit to the Russian economy, nor will it lead to a reduction in the Bank of Russia's key rate, Governor Elvira Nabiullina said on Friday. "Of course, this will not bring any benefit to the economy and will not lead to a reduction in the key rate," Nabiullina told reporters, commenting on the Central Bank's stance on the excess profit tax proposed by Russian la......

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