tart interventions in the foreign exchange market, expand the Lombard list and conduct operations today to provide additional liquidity to the banking sector. This follows from the regulator’s message.

“In order to stabilize the situation on the financial market, the Bank of Russia has decided to start interventions in the foreign exchange market, expand the Lombard list, and conduct operations today to provide additional liquidity to the banking sector. The Bank of Russia will ensure the maintenance of financial stability and business continuity of financial institutions, using all the necessary tools. The Bank of Russia, financial institutions have clear action plans for any scenario,” the regulator said.

On February 22, the Bank of Russia announced measures to support financial stability, within the framework of which it allowed banks to use the exchange rate as of February 18 this year when calculating mandatory ratios until October 1. Also, financial institutions until October 1 received the right to report shares and bonds at market value as of February 18, 2022, the regulator said in a statement.