The end of the ring. The Central Bank went to Promsvyazbank
The Central Bank announced the introduction of the interim administration to Promsvyazbank. It will be sanitized through the Consolidation of the Banking Sector. Photo: Pavel Smertin/TASS The “Moscow Ring” closed - of the four largest Russian banks, which were connected by mutual obligations, only one remains independent. A temporary administration is introduced into Promsvyazbank, an additional liquidity will be provided through the banking sector consolidation fund, the Central Bank announced.