Bank of Russia has all necessary resources to maintain stability of financial sector - Russian Regulator

Bank of Russia has all necessary resources to maintain stability of financial sector – Russian Regulator

By tdpel

Published: February 27, 2022 | 9:39 AM GMT

The Bank of Russia has all the necessary resources to maintain the stability of the financial sector, the regulator said in a statement.
“The Russian banking system is stable, has sufficient capital and liquidity to function smoothly in any situation,” the report says.
The regulator noted that customer funds on accounts are available to them at any time. Bank cards also continue to work as usual.
This comes from the Russian authorities due to the increasing international sanctions by the western countries of Europe.
The Central Bank of Russia intends to provide banks with continuous cash and non-cash liquidity in rubles. The transmission of financial messages within the country in any scenario is provided by the Financial Message Transmission System. Ria reports.

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