By Walter Grand in Economy —

The Central Bank raises from August the norms of required reserves in rubles for banks

The Central Bank raises from August the norms of required reserves in rubles for banks
Photo by Big Dodzy / Unsplash

The measure will help to maintain the trend to devaluate the balance sheets of credit institutions. This will reduce the risk of defaults of credit institutions.

Also, this measure indicates that Russian banks are coming to normal. Now they have funds to fill reserves.