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Russian banks have sufficient reserves to boost raising liquidity from Central Bank

"Our financial system, the economy is currently facing an absolutely non-standard situation, and the Bank of Russia will have a very flexible approach to using any necessary instruments," Central Bank Governor Elvira Nabiullina said

MOSCOW, February 28. /TASS/. Russia’s economy is facing a non-standard situation, in which the Bank of Russia uses any necessary instruments, while local banks have sufficient reserves to boost raising liquidity from the regulator, if necessary, Central Bank Governor Elvira Nabiullina told a press conference following the regulator’s board meeting on Monday.

"Our financial system, the economy is currently facing an absolutely non-standard situation, and the Bank of Russia will have a very flexible approach to using any necessary instruments," she said.

Regarding liquidity of the banking sector the Bank of Russia is constantly providing cash and non-cash liquidity in rubles to banks, Nabiullina said. "Due to high demand for cash the banking sector has shifted to structural deficit of liquidity. Banks have sufficient reserves to boost raising liquidity from the Bank of Russia, if necessary," she explained.

Earlier on Monday the board of directors of the Bank of Russia decided to increase the key rate from 9.5% to 20% per annum starting February 28. The move will support the financial and price stability and protect the savings of citizens from depreciation, the regulator said.

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Russia discourages use of UN sanctions for interference in African affairs — envoy

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Ukraine turns into testing ground for future world order, says Belarus president

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Russian defense minister dismisses his deputy Ivanov

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Timur Ivanov was arrested by Moscow’s Basmanny Court

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Russian diplomat thanks Tajik authorities for help in probe into Crocus terrorist attack

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Ukrainian forces refuse to obey Commander-in-Chief Syrsky — CIA ex-analyst

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Niger would like Russia to train its troops — interior minister says

Mohamed Toumba noted that the training of troops could help in the fight against terrorism

Post-Soviet security bloc holds arms control consultations in Moscow

The participants in the consultations "stressed the importance of stepping up efforts to prevent further erosion of the relevant international legal framework"

Over 14,700 residential houses remain flooded in Russia

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Russian deputy defense minister detained on suspicion of bribe-taking

"Russian Deputy Defense Minister Timur Vladimirovich Ivanov was detained on suspicion of committing a crime under part 6, article 290 of the Russian Criminal Code," the Russian Investigative Committee said

Ukraine’s EU accession to require 20% increase in union’s budget — European Commissioner

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US will have to take Russia into account and find common ground with it — Putin

Russian President said in an interview with Rossiya-1 TV channel journalist Pavel Zarubin

Gagauzia against Chisinau’s policy of severing ties with Russia

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According to the agency, the companies being assessed for potential sanctions are based outside Russia but have links to Russian and Belarussian individuals and firms

US has no idea what to do about Zelensky — Seymour Hersh

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Simultaneously, the Air Force conducted two more military operation using a huge number of drones to target a US destroyer in the Gulf of Aden

North Korean film shown in Moscow to mark anniversary of Putin-Kim meeting

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UNSC rejects amendment by Russia, China to resolution on nuclear weapons in outer space

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Ukrainian army strikes own surrendering soldiers — POW

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Switzerland unblocks Russia-related assets worth 290 mln Swiss francs

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Transfer of US ATACMS missiles to Ukraine cannot be justified — Russian ambassador

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Agreements on security with Iran, Myanmar, Ethiopia to come into force in 2024 — MFA

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Russian children’s commissioner holds first face-to-face talks with Ukrainian counterparts

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13 violations by US-led international coalition’s aircraft recorded in Syria

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Dust from Sahara turns rain in Ukraine yellow

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Top Russian security official meets with counterparts at international security meeting

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Russian court arrests in absentia four foreign agents charged with terrorism

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Top brass posts video of Leopard tanks, Bradley combat vehicles seized by Russian troops

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Russia ready to cooperate with all interested partners to ensure security — Putin

The Russian leader expressed confidence that the the 12th International Meeting of High Representatives for Security Issues "will bolster cooperation for the mutual benefit of our countries and peoples"

Russia’s new Supreme Court chief justice doesn’t plan drastic changes

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US arms supplies unable to change situation in Kiev's favor — Kremlin

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Russians not let to Turkish Airlines flights to Mexico due to US pressure on it — diplomat

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Russian troops wipe out Ukrainian UAV production workshop over past day

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Putin informed about detention of Deputy Defense Minister Ivanov

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Lukashenko says US rues giving rise to Russia-China alliance

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Russia maintains position on 'buffer zone' in Ukraine to counter missile threats

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