Russian Central Bank: Developing Business Debt-Risk Prevention Strategy
- The bank is in the process of introducing debt guidelines to help companies stave off widespread risk as early as possible
- The central bank is also looking to strengthen the foothold of the financial sector after western sanctions
- The central bank will also work with the commercial banks it oversees to develop a distinct prototype
- They also joined other central banks worldwide in slashing interest rates as inflation dropped below 4 percent
- It was partnering with PayXpert to test its national payment system, MIR, in London
- The pilot program launched at the Russian-British Business Forum in London
