off-the-wire

Latest sanctions on Russian banks not a shock - central bank governor

Kitco Media
By Reuters
Published:
Updated:
Reuters

* This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, March 2 (Reuters) - Russia's central bank governor said on Thursday that the latest Western sanctions on Russia's banks were not a shock, and that the affected lenders were relatively small and had had time to prepare. The European Union last week added online bank Tinkoff to its sanctions list, which Russia's central bank considers one of the country's 13 "systemically important" financial institutions.


Brussels also sanctioned a number of smaller lenders in the move, designed to punish Russia for its actions in Ukraine.
(Reporting by Alexander Marrow and Elena Fabrichnaya; Editing by Mark Trevelyan)

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