Promsvyazbank

Rouble strengthens

The rouble strengthened on Wednesday, supported by rising oil prices which also pushed Russia’s benchmark MOEX stock index to a record high, as the finance ministry held two OFZ treasury bond auctions

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Russian Central Bank to 'bail out' Promsvyazbank

Russia's central bank said that it had put Promsvyazbank under temporary administration as part of a bailout plan. The central bank said in a statement it was providing funds to support Promsvyazbank’s liquidity and would send …

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