The EU allowed transactions with the Central Bank of the Russian Federation, if it is “strictly necessary” for the financial stability of the Union or an individual country. This was reported on Monday, February 28, in a relevant document published in the Official Journal of the EU.
“The competent authorities may authorize the transaction, provided that this is strictly necessary to ensure the financial stability of the Union as a whole or the Member State concerned,” it says.
Earlier in the day, the European Union banned operations related to the management of reserves and assets of the Central Bank of the Russian Federation.
“Operations related to the management of reserves, as well as assets of the Central Bank of Russia, are prohibited, including transactions with any legal entity, organization or body acting on behalf of or on behalf of the Central Bank of Russia,” the document says.
On the same day, the Central Bank ordered to stop brokerage trading in securities owned by foreign persons on the Russian market. It is noted that this requirement does not apply to transactions concluded before the time specified in the document. Market participants confirmed to Izvestia that this decision was discussed at a meeting with brokers on Sunday, February 27.
On February 27, the Central Bank of the Russian Federation reported that the Bank of Russia has the necessary resources and tools to maintain financial stability and ensure the operational continuity of the financial sector in the country. It is noted that today all banking services operate as usual.
On February 26, Bloomberg announced US intentions to impose sanctions against the Central Bank of Russia. It was noted that the final decision has not yet been made. The day before, the press secretary of the President of the Russian Federation Dmitry Peskov said that the Western sanctions are very serious, but, according to him, Russia was preparing for them in advance.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
