The Bank of Russia implements additional measures to support the Finance sector due to increased volatility: insurance companies will be given the opportunity to establish a fixed value of foreign currency exchange rates as of February 18, 2022 for the calculation of mandatory ratios; reduction to zero of the additional and increased rates of insurance premiums for banks in the deposit insurance system; dissolution of the accumulated macroprudential capital buffer according to the claims of banks in foreign currency to legal entities; premiums to risk ratios are also canceled; credit institutions required to postpone the payment of dividends and bonuses to management.
