The Central Bank of Russia today unveiled measures for the support of the Russian financial markets.

The regulator noted it is monitoring the financial market situation, given the recent volatility. The measures include allowing credit institutions to calculate required ratios using FX rates as of 18 February 2022, until 1 October 2022.

The full announcement can be read below:

“The Bank of Russia is monitoring the developments in the financial market and is ready to take all necessary measures to maintain financial stability.

For the financial market to adapt to higher volatility, the Bank of Russia:

• allows financial institutions to recognise shares and bonds in reporting at their market value as of 18 February 2021, until 1 October 2022; and
• allows credit institutions to calculate required ratios using the foreign exchange rates as of 18 February 2022, until 1 October 2022.

The Bank of Russia will continue to monitor the situation in financial markets and is ready to implement additional measures to maintain financial stability”.