Russian banks lost around $25 billion from Ukraine conflict, central bank official says

An exterior view shows the headquarters of the Russian Central Bank in Moscow, Russia March 29, 2021. A sign reads: “Bank of Russia”. REUTERS/Maxim Shemetov

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Sept. 23 (Reuters) – Russian banks have lost an estimated 1.5 trillion rubles ($25.5 billion) as a result of the conflict in Ukraine, a central bank official said Friday.

Maxim Lyubomudrov, head of the regulator’s branch that oversees the country’s largest banks, said this was an “acceptable” level of losses and the government had plans to help Russian lenders through the crisis.

($1 – 58.85 rubles)

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Reporting by Reuters

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