The central bank has proposed giving banks more time to create reserves in the event the funds are irretrievable The Central Bank of Russia stated on Tuesday that it considers the chances of Western countries returning Russian assets frozen by sanctions “extremely low.” This is despite the fact that legally they haven’t been confiscated, the regulator pointed out. A portion of the assets of Russian banks have been completely blocked. This mainly affected claims on counterparties from the so-called “unfriendly” states and payments on bonds that were stuck in the international clearing systems Euroclear and Clearstr
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