Financial Stability Review: maintaining resilience of financial system
The policy pursued by the Bank of Russia in recent months has been aimed at minimising risks to financial stability that have increased due to sanctions. The measures taken helped maintain the financial system stability. This enabled a gradual reduction in foreign exchange restrictions, the abolishment of some regulatory easing, and the key rate decrease.
The future prospects of Russia’s economy will depend on the structural transformation processes. The priority of the Bank of Russia in such environment is to maintain a healthy financial sector that can provide the necessary financing for economic restructuring.
For details about the channels of sanction impacts on the Russian financial sector, related risks, and mitigation measures, see the regular issue of the Financial Stability Review.
