China News Service, February 25. According to a report by NBC on the 25th, the Russian central bank will provide support this week for banks affected by sanctions from the United States and other countries.
Data map: Central Bank of Russia
After Russia launched a military operation against Ukraine on the 24th, leaders of the United States, Canada and some European countries successively announced more severe economic sanctions against Russia.
The targets of sanctions include important Russian financial institutions such as Sberbank and VTB Bank.
In response, the Central Bank of Russia issued a statement saying that regardless of the sanctions imposed, the country has plans to continue operating.
"All ruble operations of the bank will continue as usual and all clients will be served accordingly. All foreign currency funds of clients can be held or withdrawn in the currency of the account. Russian banks are ready to provide rubles to sanctioned banks," the statement said. and foreign currency financial support.
The statement also said that the majority of deposit balances at each bank were denominated in rubles, "maintaining a high level of stability."