The Central Bank of Russia guarantees bank liquidity in rubles

The Central Bank of Russia (BCR) today confirmed that it will guarantee liquidity in the national currency of banking entities in the country, following the sanctions announced by the West after the Russian invasion of Ukraine.

Today, in a statement carried by the Efe news agency, the Russian regulator indicated that it will “uninterruptedly provide liquidity in rubles” to Russian banks.

On Monday morning, BCR will hold unlimited repurchase or renewal agreements and fulfill all banks’ requests, according to the official letter.

The entity stressed that “the Russian banking system is stable and has sufficient capital reserves and liquidity to perform its normal work in any situation.”

According to BCR, all features in customer accounts are “intact and available at all times.”

Russian President Vladimir Putin’s launch on Thursday of a “special military operation” in Ukraine raised concerns among Russians who have savings, especially in foreign exchange.

Efe found that bank customers are required to wait at least a week to withdraw dollars from their accounts.

The European Union, the United States of America and the United Kingdom agreed on Saturday The international banking system SWIFT banned some Russian banksIn response to the invasion of Ukraine.

Announcing the measures in Brussels, European Commission President Ursula von der Leyen said she would also pressure member states to “paralyze the assets of the Russian Central Bank” until their transactions are frozen.

The fourth day of the Russian invasion of Ukraine

On Thursday, Russia launched a military attack in Ukraine, with ground forces and bombing targets in several cities, which has already caused the deaths of at least 198 people, including civilians, and wounded more than 1,100, on Ukrainian territory, according to Kiev. The United Nations reported that 150,000 people were displaced to Poland, Hungary, Moldova and Romania.

Russian President Vladimir Putin said the “special military operation” in Ukraine was aimed at disarming the neighboring country and was the only way for Russia to defend itself, with the Kremlin specifying that the offensive would continue as long as necessary.

The attack was generally condemned by the international community and led to emergency meetings of a number of governments, including the Portuguese, NATO, the European Union and the United Nations Security Council, agreeing to collective sanctions against Russia. .