Wednesday, December 17, 2014

Russia gives banks more air – NU.nl

Russia gives banks more air – NU.nl

The new steps to the banks, which are hard hit by the falling ruble and Western sanctions against Russia, giving more air.

The Russian central bank freezes the value of the securities assets of banks in the level for the free fall of the ruble in recent days. In addition, banks may impose include interest on consumer loans.

Earlier in the day made the Russian Ministry of Finance announced to sell foreign currency in an effort to support the value of the ruble. The Russian currency had a good day and was Wednesday afternoon with about 62 rubles per dollar over 10 percent more valuable than a day earlier

By:. ANP

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