You are here

Russian central bank moves to help companies refinance foreign loans

TRADING-241214.jpg
Russia's central bank said on Wednesday it would start lending money in hard currencies to companies and banks willing to put their foreign loans as collateral.

[MOSCOW] Russia's central bank said on Wednesday it would start lending money in hard currencies to companies and banks willing to put their foreign loans as collateral.

It said the move would help stabilise the rouble as well as help Russian firms refinance foreign loans.

REUTERS

sentifi.com

Market voices on: