Browsing: Orthodox Financial System

Source: The Moscow Times Orthodox Church Calls for Alternative Financial System in Russia By Anastasia Bazenkova As the Russian economy reels from low oil prices and Western sanctions, the country is seeing rising interest in unorthodox financial solutions, most recently one pitched by the Orthodox Church. Last week, the Russian Chamber of Commerce and Industry threw its support behind a so-called Orthodox Financial System developed under the aegis of the Moscow Patriarchate and strongly resembling the better known Islamic financial system. “The Chamber of Commerce and Industry supports the creation of the Orthodox Financial System … and is ready to provide its platform for detailed and professional discussion of these questions together with the relevant committees of the chamber,” the chamber’s press service reported last Friday…