Russia Weighs Policy ‘Creativity’ If Sanctions Tightened - Bloomberg

Russia Weighs Policy ‘Creativity’ If Sanctions Tightened - Bloomberg:



"Russian policy makers are discussing non-standard monetary instruments they may use if the European Union tightens the stranglehold of sanctions over Ukraine, according to central bank First Deputy Chairman Ksenia Yudaeva.



“We have different scenarios, different alternatives to act -- the situation demands creativity,” Yudaeva told reporters today in the Black Sea resort of Sochi. “We’re in constant dialogue with banks and are considering all options. To be honest, we don’t see any need for unsecured loans, but we’re preparing this instrument, too.” 




Russia’s government and the central bank are weighing measures to support the financial system after the U.S. and the EU imposed sanctions to penalize the country over the Ukrainian crisis, choking access to international credit for some lenders."



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