Russian central bank increases daily dollar offer via forex swap to $5 billion

FAN Editor
FILE PHOTO: People walk past the headquarters of Russia's Central Bank in Moscow
FILE PHOTO: People walk past the Central Bank headquarters in Moscow, Russia February 11, 2019. REUTERS/Maxim Shemetov

February 24, 2022

MOSCOW (Reuters) – The Russian central bank increased daily dollars offered via foreign exchange swap operations with banks to $5 billion from $3 billion, it said on Thursday, as Moscow ordered forces to invade Ukraine.

A senior U.S. administration official told reporters on Tuesday that Sberbank and No. 2 lender VTB would face U.S. sanctions if Moscow proceeded with its invasion of Ukraine, warning that no Russian financial institutions were safe.

(Reporting by Elena Fabrichnaya; Writing by Katya Golubkova; Editing by Peter Graff)

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