Russian central bank announces string of emergency measures

Bank of Russia announces liquidity support, FX interventions and changes to capital ratings

Bank of Russia
The Bank of Russia
Photo: Kuba/Wikimedia Commons

Russia’s central bank announced a series of emergency measures as the country’s currency and stock market were severely hit by its invasion of Ukraine.

The Bank of Russia carried out large foreign exchange interventions and announced a liquidity support programme. It announced that it would sell 2 trillion rubles (approximately $23 billion) in two instalments to support domestic liquidity levels.

It said it would sell one half today (February 24) and the other half on February 28, in what it

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