Russia and ECB complete co-operation programme

Bank of Russia

The European Central Bank (ECB) announced on Wednesday that it has completed a co-operation programme with the Bank of Russia concerning the areas of banking supervision and internal audit in the country.

The programme cost €3 million ($2.8 million) and was paid for by the European Union.

The banking supervision element of the scheme was designed to advance the Bank of Russia's ability to maintain the stability of its domestic banking system. The statement about the completion of the report said

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