“Recognizing the benefit that savings banks can bring, both economically and morally,” the document stated, “savings institutions shall be opened with the aim of providing people of all ranks with a secure and profitable way to save small sums from their expenses for future needs.” By March 1842, the first savings bank opened at the Guardianship Council building on Kazanskaya Street in St. Petersburg. Its first client was Nikolai Kristofari, an employee of the Loan Treasury. On the first day, over 70 people visited the bank, depositing a total of more than 400 rubles—enough to buy 30 cows, for example. By the early 20th century, there were around 4,000 savings […]
12 November 2025, 8:04
The Russian side handed over a memorandum to its American counterparts in the format of an unofficial paper (non-paper) before the phone conversation between Presidents Vladimir Putin and Donald Trump, in order to remind them of the understandings reached following the summit in Alaska, Foreign Minister Sergey Lavrov said on November 11. At a meeting with Russian media, the minister drew attention to a Financial Times publication which claimed that the planned meeting between Putin and Trump in Budapest had been canceled after Moscow sent Washington a memorandum containing demands on Ukraine. The newspaper reported that the document had been sent several days after the presidents’ conversation, which took place […]
12 November 2025, 6:00
