A liquidity crunch has hit the Russian economy, which has seen banks cut back on lending. This has led to the Central Bank of Russia holding its first auction to offer banks more than 26 billion dollars in unsecured loans.
A liquidity crunch has hit the Russian economy, which has seen banks cut back on lending. This has led to the Central Bank of Russia holding its first auction to offer banks more than 26 billion dollars in unsecured loans.