Central bank says monitors financial market, ready to intervene

MOSCOW, Feb 22 (PRIME) -- The central bank is keeping track of the Russian financial market, and is ready to intervene to support stability, the regulator said in a statement on Tuesday.

“The Bank of Russia keeps control on the development of the situation on the financial market, and is ready to take all the necessary measures to support financial stability,” the statement read.

In order to support the banks during the volatile times, the central bank has allowed them to use the price of stocks and bonds they own and the foreign currency exchange rates as of February 18 in their financial reports until October 1.

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