Putin calls on central bank to lend directly

Russia's prime minister, Vladimir Putin, has asked the Bank of Russia to lend directly to regional banks in an effort to tackle the credit crunch in Russia and stimulate economic activity.

Regional banks in Russia have been hit by lack of liquidity and poor access to long-term loans, the latter a reflection of the fact they are un-rated by international credit ratings agencies. They have struggled to get funds from Moscow-based commercial banks, which have remained risk-averse as a consequence o

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: