Russia’s central bank promised to support financial institutions hit by new sanctions imposed by the United States and the European Union.
The United States imposed sanctions on more Russian banks on Tuesday, targeting the country’s second-largest lender VTB , its subsidiary the Bank of Moscow, and the Russian Agriculture Bank. The European Union also announced measures limiting access to capital for Moscow.
The bank on Wednesday promised to “take adequate measures” to support institutions affected by the sanctions aimed at punishing Russia for its support of rebels in eastern Ukraine.
Stock markets in Moscow opened lower Wednesday as the the measures against Russia’s …read more
Source: Voice of America
