Bank of Russia says lenders have lost $24 billion

Bank of Russia
Photo: Kuba/Wikimedia Commons

The second-most senior official at Russia’s central bank said the country’s lenders have lost around $25 billion in the first half of this year.

Russian lenders still had 7 trillion rubles ($116 billion) in reserves, Bank of Russia first deputy governor Dmitry Tulin said on September 2. Various countries imposed sweeping sanctions in late February after Russian president Vladimir Putin ordered the invasion of Ukraine.

The central bank has also issued research that gives a more pessimistic

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