Board of Directors approves temporary regulatory relaxations for banks regarding to application of add-ons to risk weights

In the context of the coronavirus infection outbreak and its effect on economic activity in certain sectors, the Bank of Russia Board of Directors has decided not to apply from 1 March 2020 to 30 September 2020 add-ons to risk weights for foreign currency-denominated loans issued during the stated period to organisations producing pharmaceuticals, medical products and equipment, as well as to the  investment in these organisations’ foreign currency-denominated debt securities made during the above-mentioned period.

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