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Sanctions statement from the Central Bank of Russia

The Central Bank of Russia noted that after the sanctions imposed on the financial sector by Western countries, the banking system maintained its stable appearance and the system continued to function normally.

The bank also announced that there will be no limit in the repo auction planned for tomorrow.

After Russia’s attack on Ukraine, the European Commission, France, Germany, Italy, Canada and the USA agreed to remove some Russian banks from the international swift system.

It was also stated that restrictive measures would be taken to prevent the Central Bank of Russia from accumulating international reserves in order to counteract the effects of the sanctions.

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