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Losses of the Bank of Russia in 2022 increased by 27 times

Perild by Perild
March 29, 2023
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Losses of the Bank of Russia in 2022 increased by 27 times
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Losses of the Bank of Russia in 2022 increased by 27 times

Photo: RIA Novosti

Central Bank of the Russian Federation

This result was mainly due to net expenses on operations with securities, the regulator reports.

The Bank of Russia in 2022 received a loss of 721.7 billion rubles, which is 27 times more than the loss in 2021 (26.3 billion rubles). This was reported by the Russian agency Interfax with reference to the annual report of the regulator.

It is reported that this result was mainly due to net expenses on operations with securities: the loss from the sale of shares of the bank FC Otkritie and from the contribution of shares of the Moscow Industrial Bank (MINB) as a contribution to the property of the Deposit Insurance Agency (DIA) amounted to 382, 2 billion rubles (53% of the total loss of the Central Bank for 2022).

It is also noted that in 2022, net expenses of 315 billion rubles were formed from the unrealized revaluation at fair value of debt obligations of foreign issuers due to an increase in profitability and a decrease in prices for them.

Earlier it was reported that Russia’s reserves for the year fell by $43 billion.

Recall, European Commission President Ursula von der Leyen said that the tenth package of EU sanctions against Russia provides for various restrictions against the aggressor country for a total of 10 billion euros.


What are the results of the policy of sanctions against Russia


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Tags: BankbasicallyCentral Bank of Russiaincreasedlosslossesof operationsregulatorresultRussiasanctionssanctions against RussiaSuchtimeswar in ukraine

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