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The Bank of Russia assures that it controls the development of the situation in the financial market and is ready to take all necessary measures to maintain financial stability, follows from the press service of the regulator.
It is noted that in order to adapt the financial sector to “increased volatility”, the Bank of Russia decided to provide financial institutions with the opportunity to report shares and bonds at market value as of February 18, 2022 until October 1, 2022.
In addition, the Central Bank will provide credit institutions with the opportunity to use the value of foreign exchange rates until October 1, 2022 in order to calculate mandatory ratios as of February 18, 2022.
Separately, the regulator indicated that in the event of the introduction or threat of restrictions on clearing participants, it can set control values for mandatory ratios for central counterparties.
Recall that the Russian stock market and the ruble do not stop falling during today’s trading against the backdrop of Russia’s decision to recognize the independence of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR and LNR).
The day before, Russian President Vladimir Putin signed decrees recognizing the independence of the Donbass republics. He also instructed the Russian military to ensure the maintenance of peace on the territory of the DNR and LNR.
Earlier, the State Duma adopted and submitted to the Kremlin an appeal to the President of the Russian Federation with a call to recognize the Donetsk and Lugansk People’s Republics. And on February 21, the heads of the DPR and LPR Denis Pushilin and Leonid Pasechnik turned to the Russian leader with a request to recognize the independence of the people’s republics.
Many Western leaders condemned Russia’s decision to recognize the independence of the Donbass republics, calling for these actions to be reversed and threatening harsh sanctions.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
