About the Memorandum of Understanding between the European Central Bank and the Central Bank of the Russian Federation

The Bank of Russia External and Public Relations Department announces that the Memorandum of Understanding between the European Central Bank and the Central Bank of the Russian Federation was signed on 24 October 2012. The Memorandum of Understanding is initially valid for three years and stipulates exchange of information and cooperation on economic and financial developments and provides for a joint programme of activities. For the first year of cooperation, the parties agreed to focus on monetary policy, financial stability and banking supervision. The cooperation was launched on 25 October when a delegation from the Bank of Russia, which was headed by Member of the Board of Directors, Deputy Chairman Sergey Shvetsov, visited the ECB.

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30.10.2012 00.00.00