The Central Bank of Russia guarantees bank liquidity in rubles

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

The Russian regulator said today, in a statement quoted by the Efe news agency, that it “will provide uninterrupted ruble liquidity” to Russian banks.

On Monday morning, BCR will enter into unlimited repurchase or replenishment agreements and satisfy all bank requests, according to the official communication.

“The Russian banking system is stable, has sufficient capital and liquidity reserves for its normal functioning in any situation,” the entity stressed.

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

The launch Thursday of a “special military operation” in Ukraine by Russian President Vladimir Putin has aroused the concern of Russians who have savings, especially in foreign currency.

Bank customers are asked to wait at least a week to withdraw dollars from their accounts, the Efe agency found.

The European Union, the United States of America and the United Kingdom agreed on Saturday block the SWIFT international banking system to certain Russian banksin retaliation for the invasion of Ukraine.

Announcing the measures in Brussels, European Commission President Ursula von der Leyen said she would also pressure member states to “cripple the assets of the Central Bank of Russia” so that their transactions are jellies.

Fourth day of the Russian invasion of Ukraine

On Thursday, Russia launched a military offensive in Ukraine, with ground forces and bombing targets in several cities, which has already left at least 198 dead, including civilians, and more than 1,100 injured, in Ukrainian territory, according to Kiev. . The UN has reported 150,000 people displaced to Poland, Hungary, Moldova and Romania.

Russian President Vladimir Putin says the ‘special military operation’ in Ukraine aims to demilitarize the neighboring country and is the only way for Russia to defend itself, with the Kremlin saying the offensive will last as long as necessary .

The attack was condemned by the international community in general and led to emergency meetings of several governments, including the Portuguese, and the North Atlantic Treaty Organization (NATO), the EU and of the United Nations Security Council, with the approval of massive sanctions against Russia. .

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