On Friday, Russia’s central bank announced that it had provided banks with 1.9 trillion roubles ($22.87 billion) of the 3 trillion roubles available in a three-day repo auction dubbed “fine-tuning.”
After the rouble plunged to all-time lows on Thursday after Moscow ordered soldiers into Ukraine, the central bank began providing extra liquidity to the banking sector and selling foreign currency on the forex market in order to maintain financial stability.
