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10.04.2020
debt servicing ratio assessed as of 1 March 2020 irrespective of the assessment of borrowers’ financial standing. Additionally, the Bank of Russia allows credit institutions
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until the pandemic has peaked, notes the second issue of Financial Pulse, a weekly Bank of Russia digest.
Coronavirus-related external and domestic restrictions on business
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by the Government of the Russian Federation of Ordinary Shares of Public Joint-Stock Company Sberbank of Russia from the Central Bank of the Russian Federation
eased. The Bank of Russia will factor in the impact of this period of low economic activity on the
medium-term forecast of inflation, inflation expectations,
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of Russia website on 06.04.2020);
Bank of Russia Ordinance No. 5379-U, dated 26 December 2019, ’On Registration by the Bank of Russia of
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of documents submitted for state control over the acquisition of large blocks of shares of public joint-stock companies in line with Chapter XI.1 of
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Pursuant to the Decree of the Government of the Russian Federation No. 43, dated 3 April 2020, ‘On the Approval of the Regulation on Social
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course of the inspection of the Bank established that the Bank’s officials and management conducted illegal operations bearing the evidence of theft of the
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information letter of the Bank of Russia.
The letter notes that financial institutions need to conduct an additional review of the feasibility of profit distribution