The Bank of Russia (the Central Bank) has said it will provide domestic banks with cash and non-cash liquidity in rubles in order to maintain financial stability and protect the economy from the impact of the latest Ukraine-related Western sanctions.
The statement released by the press service of the Central Bank bank on Sunday read,
“The Bank of Russia will continuously provide banks with cash and non-cash liquidity in rubles. The REPO (repurchase agreement) auction on Monday will be held on an unlimited basis, with full satisfaction of all applications received from banks.”
