Tonight the European Commission said that the European Union and the United States decided to “paralyze” the assets of the Russian Central Bank.
Currently, the international reserves of the Bank of Russia amount to about $643 billion in currencies and bonds.
If Western countries freeze the bank's foreign assets, it will have significantly less opportunity to conduct foreign exchange interventions to support the ruble.
Immediately after the declaration of independence of the DPR and LPR, the bank began to carry out interventions to support the ruble exchange rate. On the first day, the dollar to ruble exchange rate reached almost 90 rubles, and after the interventions stabilized at 83 rubles.
If support for the ruble from the Central Bank weakens, this will have an extremely negative impact on its exchange rate.
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