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

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Some 68% of March inflation in Armenia contributed by food and non-alcoholic beverages-WB

In March, Armenia's inflation rose to 4.5 percent (yoy) from 4.3 percent (yoy) in February, according to World Bank's Armenia Monthly Economic Update – April 2026.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img