The Central Bank of Russia opened its branches in new regions
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The Bank of Russia has opened territorial offices in the Luhansk and Donetsk People’s Republics (DNR; LNR), Kherson and Zaporozhye regions. This follows from section on the site of the regulator “Territorial Institutions”, where four new regions appeared.
November 21, Russian President Vladimir Putin by his decree instructed authorities of the DPR and LPR to create local institutions of the Central Bank of Russia on the territory of the republics. By the same decree, the central banks of the republics were abolished. Instead of regulators, LLCs will be created, which will be transferred to Promsvyazbank.
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