Economic news
Russian firms cut forex loans, exposure in Oct -central bank
2022.11.21 15:04
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© Reuters. FILE PHOTO: A policeman stands guard at the main entrance to the Bank of Russia in Moscow, Russia, June 15, 2015. REUTERS/Maxim Zmeyev/File Photo
MOSCOW (Reuters) – Russian companies reduced their foreign currency loans by $7.4 billion last month and have also cut forex holdings on the accounts by $11.1 billion, the central bank said on Monday.
Since the start of this year, forex holdings by Russian companies are down by $28 billion, the central bank added.
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