Russia moves to contain concern over banks’ bad loan exposure
Central bank governor insists ‘no need’ for recapitalisation of large lenders despite Moscow’s cooling war economy
Central bank governor insists ‘no need’ for recapitalisation of large lenders despite Moscow’s cooling war economy

Second reduction in two months lowers borrowing costs to 18%

Lenders concerned they could be at significant risk of potential lawsuits from Moscow

Third cut since June lowers borrowing costs to 17% but reduction was less than expected by economists

Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown

Move lowers borrowing costs to 20% and follows reduction in inflation

Proposed sanctions would be the first time Brussels has moved against third-country lenders supporting Moscow