PARNAS leader attacked during march in Nemtsov’s memorySociety & Culture February 26, 16:59
Donetsk water purification station recaptured from Ukrainian radicalsWorld February 26, 15:24
Russian skiers Ustyugov, Kryukov win team sprint at World ChampionshipsSport February 26, 15:23
Opposition activist Dadin sentenced for disorders at rallies leaves jailRussian Politics & Diplomacy February 26, 12:58
Aerospace Force chief says Russian army to get new combat jets and helicoptersMilitary & Defense February 26, 11:15
Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Where to watch unique solar eclipse and spectacular ‘ring of fire’Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
MOSCOW, July 31, 21:24 /ITAR-TASS/. Russia’s Central Bank said on Thursday it was ready to support Russian banks subject to the European Union’s sanctions by offering liquidity under existing instruments.
“Banks affected by the EU sanctions are capable of coping with problems on their own. Their foreign currency position is well-balanced. But if there are extra factors of risk, the Bank of Russia is ready to offer liquidity under existing instrument,” the press service of the Central Bank said.
The bank of Russia said that banks affected by the sanctions had enough capital and the decision to convert subordinated loans into tier I capital would give them extra financial capacities.
“The Bank of Russia has enough instruments to refinance the banking sector,” the press service stressed.
On Thursday the European Union imposed sanctions against Russia’s financial sector for 12 months, the Official Journal of the European Union said. Five Russian banks fell under restrictions: Sberbank, VTB, Gazprombank, Vneshekonombank (WEB) and Rosselkhozbank. The European Union said it may revise its sanctions after a three-month period. The European Union residents are prohibited to extend medium-term and long-term financing to these banks. The European Union however excluded subsidiaries of Russian state-owned banks registered in the European Union’s territory from sanctions. Three of the above banks, Sberbank, VTB and Gazprombank, have such subsidiaries.