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A Russian state flag flies over the Central Bank headquarters in Moscow, Russia March 29, 2021. A sign reads: “Bank of Russia”. REUTERS/Maxim Shemetov/File Photo
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MOSCOW, Feb 24 (Reuters) – The Russian central bank widened the Lombard List of collateral it agrees to take in exchange for provide banks with liquidity and also lowered rating requirements, expanding refinancing options for the financial sector amid looming Western sanctions.
Earlier on Thursday, the central bank started to sell off the foreign currency on the market to support the rouble and provided banks with extra dollar and rouble liquidity, as Russian assets tumbled after Moscow invaded neighbouring Ukraine.
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Reporting by Katya Golubkova; Editing by Alison Williams
Our Standards: The Thomson Reuters Trust Principles.
A Russian state flag flies over the Central Bank headquarters in Moscow, Russia March 29, 2021. A sign reads: “Bank of Russia”. REUTERS/Maxim Shemetov/File PhotoRegister now for FREE unlimited access to Reuters.comMOSCOW, Feb 24 (Reuters) – The Russian central bank widened the Lombard List of collateral it agrees to take in exchange for provide banks with liquidity and also lowered rating requirements, expanding refinancing options for the financial sector amid looming Western sanctions.Earlier on Thursday, the central bank started to sell off the foreign currency on the market to support the rouble and provided banks with extra dollar and rouble liquidity, as Russian assets tumbled after Moscow invaded neighbouring Ukraine.Register now for FREE unlimited access to Reuters.comReporting by Katya Golubkova; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.