Combined irrevocable credit line limit to fall to 4 tln rbl

MOSCOW, Feb 25 (PRIME) -- The Russian central bank will cut the limit of combined irrevocable credit lines for banks to 4 trillion rubles from 5 trillion rubles on April 1, the central bank said in a statement on Thursday.

"The maximum combined limit of irrevocable credit lines is set at 4 trillion rubles starting from April 1, 2021," the central bank said.

According to the bank, open irrevocable credit lines amounted to 2.8 trillion rubles as of January 1.

(73.7532 rubles – U.S. $1)

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