Russian cenbank says banking sector could lose half of its capital - TASS
- Country:
- Russian Federation
It is quite possible that the Russian banking sector will lose half of its capital, TASS state news agency quoted central bank First Deputy Governor Dmitry Tulin as saying on Thursday.
The Russian financial sector and the economy took a hit from unprecedented western sanctions designed to punish Moscow for what it calls "a special military operation" in Ukraine that started on Feb. 24.
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