MIL OSI Translation. Region: Russian Federation –
Today, Russia has sufficient financial resources to ensure the stability of the financial system in the face of sanctions and external threats.
The Russian Government has developed clear plans for measures to protect financial markets and individual companies from possible sanctions and other threats. As part of this work, simulations (stress tests) of the consequences of the imposition of sanctions were carried out. As a result, clear action plans were formed. The financial market and the largest companies are fully prepared for their implementation.
In the coming weeks, OFZ auctions will be suspended. A significant amount of temporarily free funds in the unified treasury account of the federal budget (more than 4.5 trillion rubles, with net borrowings planned for 2022 of 2.2 trillion rubles) allows for a flexible approach to the placement schedule.
The Ministry of Finance of Russia, together with the Bank of Russia, will continue to closely monitor the situation in the financial markets and, if necessary, will take additional measures to maintain financial stability.
The Government of the Russian Federation will help ensure the sustainable operation of companies included in the sanctions list, the preservation of jobs and wages.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.