The Bank of Russia is canceling transparency: the financial system of Russia has entered a mode of manual chaos.

According to ТСН: The financial and institutional system of Russia is increasingly entering a state of controlled chaos, where transparency is subordinated to manual control, and economic risks are placed on businesses and the population.

According to information from the Ukrainian Foreign Intelligence Service, the Central Bank of Russia has effectively confirmed the collapse of disclosure standards in the financial sector. From 2027, banks and other financial institutions will be required to publish only anonymized data on ownership structures.

After 2022, Russian banks and insurers were allowed not to disclose information about owners and managers, citing risks associated with sanctions. This has led to a virtual disappearance of transparency: out of 352 credit organizations, only three banks show their ownership structure, which is less than 1%.

The regulator's proposed "compromise" involves providing formal answers of "yes" or "no" regarding the presence of persons with substantial influence or problematic beneficiaries. The Central Bank will fill out the relevant forms itself, further reducing control.

The situation in the real economic sector is also becoming increasingly complex. According to the SBU, a third of small and medium-sized enterprises do not rule out the possibility of closing their business within the next six months.

Banks have significantly reduced consumer lending. Currently, only one in ten clients receives POS loans, and the refusal rate reached 90% in November. Against this backdrop, pawnshops earned 9.6 billion rubles in net profit from January to September — a 54% increase over the previous year.

Financial problems have also affected the state sector. In 2025, the volume of arrears of state companies to businesses increased by 2.7 times — from 200 cases totaling 1.5 billion rubles in 2024 to 548 cases totaling almost 4.03 billion rubles.

Companies are delaying payments to contractors for periods ranging from one to three months, effectively lending them at their own expense. At the same time, 73% of all data leaks in 2025 occurred in the public sector, while only 13% of Russians hope to receive an annual bonus.

The SBU emphasizes that the combination of these trends is forming a market that is rapidly moving away from global standards and becoming mired in a state of closure, distrust, and systemic chaos.

Sanction pressure after 2022 forced Russian banks and insurers to reduce transparency, and attempts by the Central Bank to maintain the openness of the financial system have proven futile. State initiatives have only exacerbated institutional degradation.

Despite this, the system continues to exist thanks to strict manual management. However, economic and social consequences — from falling solvency of the population to mass problems in the public sector — indicate deep structural disruptions.

It was previously reported that Russian dictator Putin once again expressed fictitious theses about "almost full employment" of the population and "inevitable technological breakthroughs" in Russia. However, in practice, the situation in the economy is developing in the opposite direction.

We previously informed that Israeli diplomat, extraordinary and plenipotentiary ambassador of the State of Israel in the Russian Federation from 2003 to 2006, Arkadi Mil-Man stated that if world oil prices drop by $10–15, the Russian economy could face catastrophic consequences.

Given the situation, the mentioned problems in the Russian financial and economic system indicate critical risks for further development. It seems that state control and limited transparency only exacerbate existing issues, jeopardizing the stability of the country.

If the sanction pressure continues, the consequences for businesses and ordinary citizens may pose serious challenges that will require immediate decisions and changes in approaches to economic management.