Wed, 14 January
1.1 C
Yerevan
USD: 380.83 RUB: 4.83 EUR: 444.28 GEL: 141.25 GBP: 512.94

Russian authorities charge five-member group for making fake banknotes of Russia, Armenia and Ukraine

YEREVAN, December 13. / ARKA /. Russian law-enforcement authorities have formally charged a five-member criminal group for making fake banknotes of Russia, Armenia and Ukraine, as well as euros, RIA Novosti news agency reported citing Moscow Police Department.

It said law-enforcement authorities have established that the group was engaged in production and sale of counterfeit money of the Central Bank of the Russian Federation (one thousand and five thousand banknotes), 100 euros banknotes, as well as Armenian and Ukrainian banknotes.

The law enforcement officials tracked down the traffickers, intermediaries and the producers of counterfeit banknotes. The police searched their homes and found a printing machine for making counterfeit banknotes.

The authorities also established that this group had been involved in similar crimes in the Russian capital.  If found guilty the group members may face prison terms up to 12 years. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net inflow of remittances to Armenia from abroad increased by 17.9% in the first 11 months of 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.32 billion in January-November 2025, compared to $1.12 billion in January-November 2024, according to a report from the Central Bank.

Armenia’s financial system in December 2025: interest rate declines, lending grows

In December 2025, Armenia's financial market was characterized by a combination of moderate monetary easing, continued high growth rates in bank lending, and the continued development of capital market instruments.

Procedure and conditions for providing cashback on transactions with ArCa cards

Starting January 1, Armenia introduced a 2% cashback system for non-cash payments made with ArCa payment system cards.

LATEST NEWS

spot_imgspot_imgspot_img