Bank of Russia ready to act to cushion bank sanctions blow
US and EU sanctions could cover central bank-owned Sberbank
The Central Bank of Russia (CBR) said today it is ready to step in to support banks hit by the latest round of sanctions imposed on the country by the United States and the European Union – which could potentially also hit Sberbank, Russia's largest lender, which is majority-owned by the central bank.
Although sanctions against the central bank itself are thought unlikely in any situation short of full-blown war, reports emanating from Brussels have suggested the third round of EU sanctions –
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