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Russian Finance Ministry plans no new measures to support banking sector

May 11, 15:12 UTC+3
Russia’s Deputy Finance Minister Alexey Moiseev says as far as the banking system’s support is concerned, no additional measures of the government support are planned
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MOSCOW, May 11. /TASS/. The government is not planning any new measures to support the banking sector, Russia’s Deputy Finance Minister Alexey Moiseev said on Wednesday on the air with Rossiya 24 TV Channel.

"As far as the banking system’s support is concerned, no additional measures of the government support are planned at this stage," the official said. The mortgage rates subsidizing program indirectly supports the banking sector at present, Moiseev added.

The economy support plan for 2016 does not provide for any additional aid measures for the banks. The situation in the banking sector has improved in terms of quality over the year and the banking sector has no liquidity problems, representatives of the Bank of Russia and the Finance Ministry repeatedly said. On the contrary, the Russian banks may be in a situation of structural liquidity surplus in the second half of the year.

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