Russia’s central bank announced on Friday that it was increasing the amount of cash it gives banks to replenish ATMs, the latest move by the regulator in an effort to maintain financial stability following Russia’s invasion of Ukraine.
Demand for cash in Russia on Thursday amounted to 111.3 billion rubles ($ 1.34 billion) and was the highest since March 2020, according to central bank data, according to Reuters.
Customers of some Russian banks subject to Western sanctions will no longer be able to use their cards abroad or through Apple and Google mobile payment systems, the central bank said earlier, as it stepped up support for other banks.
Source: Capital
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