Scientists discover three Earth-sized exoplanets that may potentially harbor lifeScience & Space February 23, 5:50
Syrian opposition ready for direct talks with government delegation — representativeWorld February 22, 21:56
UN Syria envoy expects no breakthrough at new round of Syria talksWorld February 22, 21:09
Russia opposes sharing responsibility for fate of Middle East refugeesRussian Politics & Diplomacy February 22, 20:36
First woman in space Valentina Tereshkova may meet with Queen Elizabeth IIRussian Politics & Diplomacy February 22, 20:27
Spain’s famous footballer Puyol returns to Russia next week ahead of FIFA 2017, 2018 CupsSport February 22, 20:15
Putin promotes generals to higher military ranks after Syria operationMilitary & Defense February 22, 19:56
Russia, Turkey may discuss purchase of S-400 systems at March talksMilitary & Defense February 22, 19:18
European human rights watchdog welcomes court’s ruling on Russian opposition activistWorld February 22, 18:42
MOSCOW, January 14. /TASS/. The banking crisis in Russia in the current economic situation will be massive, CEO of Russia's largest lender Sberbank German Gref said on Wednesday.
“Of course, it’s obvious that the banking crisis will be most massive,” he said on the sidelines of the annual Gaidar Forum.
Since mid-2014 Russian banks have publicly announced they are having problems with currency liquidity due to sanctions and growth of bad loans because of the situation in the economy. The Russian Central Bank consistently introduced new mechanisms of providing liquidity, including non-standard ones, in a move to support banks in difficult times. Also, the government made a decision to increase the capital of Russia's banking sector by $15 bln.
At the end of last year Russian President Vladimir Putin signed a law envisaging sovereign bonds worth up to $15 billion (1 trillion roubles) to be sent by the government to the national Deposit Insurance Agency to increase the Russian banks capital. According to First Deputy Prime Minister Igor Shuvalov, this will insure the banking sector and the economy as a whole against additional risks.