"Having used all the necessary tools": the Bank of Russia announced measures to support the ruble and the financial market
The Central Bank announced the start of foreign exchange interventions and the provision of additional funds to the Russian banking sector. As explained in the Central Bank, the initiatives should stabilize the situation in the country's financial market. The aggravation of the situation around Ukraine and the start of a special military operation to protect Donbass provoked panic among investors. As a result, for the first time ever, the dollar exchange rate approached the mark of 90 rubles, and the euro exchange rate updated an eight-year high, reaching almost 100 rubles. At the same tim...