![Central Banking](https://nginx.production.bb8-centralbanking.uk3.amazee.io/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Russian central bank 'prepares' to recapitalise banks
Central bank annonuces measures to deal with fallout from currency crisis
![putin4554646 putin4554646](/sites/default/files/styles/landscape_750_463/public/import/IMG/582/287582/putin4554646-580x358.png.webp?itok=IK8UK8hl)
Russia's central bank and government are prepared to recapitalise banks squeezed by the country's collapsing currency and sharp increase in interest rates, the Bank of Russia said today.
The measure is one of several announced by the central bank today, as it seeks to grapple with the fallout from the rouble's volatility and a 12% stock market drop on Tuesday, as well as its own 650-basis point interest rate hike to 17% the previous night.
"In order to maintain the stability of the banking
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com