Putin says confident in development of Russian helicopter industryMilitary & Defense December 05, 21:15
Russian diplomat hopes Aleppo’s liberation will pave way for political dialogueRussian Politics & Diplomacy December 05, 21:13
Ministry: Calls to stop operation in Aleppo look like attempt to shelter terroristsRussian Politics & Diplomacy December 05, 20:28
Putin slams alleged dependence of Russian gas buyers on MoscowBusiness & Economy December 05, 19:21
Putin included in Time magazine’s Person of the Year shortlistWorld December 05, 19:16
Russia loses $500,000 greenhouse due to Progress spacecraft’s crashScience & Space December 05, 18:31
Russian Foreign Ministry to promote oil pipeline operator Transneft’s interests abroadBusiness & Economy December 05, 18:24
Moscow students launch campaign to collect aid for Syrian youthWorld December 05, 18:11
Uzbekistan’s President-elect thanks international monitors in RussianWorld December 05, 18:10
“Potential direct consequences for the Russian financial system in case of Ukraine escalation are limited. Russian banks’ deposits in subsidiaries in Ukraine and loans allotted to Ukrainian residents do not exceed 1% of their assets,” says the document.
The CBR also noted the probability of the Ukrainian economic troubles causing another stage of geopolitical tensions.
Russian banks may only lose up to 0.4 percentage points of capital adequacy and they will remain sustainable even if the stock market becomes as volatile and if it decreases as much as it did in January-March, the central bank said in a financial stability monitoring report released on Tuesday.
“The dynamics of market indicators allows us to qualify the events of the first quarter as a moderately negative stock exchange shock. The decline of the market price for securities which banks have at their disposal amounted to 200-300 billion roubles as the result of the shock,” the central bank said.
The authority said separately that the direct consequences of the Ukrainian crisis will not undermine the Russian banks’ sustainability.