in

Russia’s Central Bank rules out collapse of country’s banking system in near future

Russia’s Central Bank does not expect any severe shocks on the country’s banking market in the foreseeable future.

MOSCOW (Sputnik) – Russia’s Central Bank does not expect any severe shocks on the country’s banking market in the foreseeable future, the bank’s First Deputy Governor in charge of monetary policy Dmitry Tulin told reporters on Tuesday.

“We do not expect any shocks in the banking sector of the economy in the foreseeable future,”

Tulin said.

The Central Bank said earlier on Tuesday it had launched bailout procedures for Otkritie Bank and had appointed a temporary administration to manage the country’s largest private lender from August 29.

0 0 vote
Article Rating
Help us grow. Support The Duran on Patreon!

Report

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

BREAKING: North Korea says latest missile launch prelude to Guam attack

UN Security Council unanimously condemns North Korea’s missile launch