The bank held its key interest rate at 7.5% at its final meeting of the year on Dec. 16 but slightly shifted its rhetoric to acknowledge growing risks of inflation, saying a recent military mobilisation was adding to labour shortages.
Over $300 billion of Russian assets has been frozen by foreign states, most of which is foreign currency reserves belonging to the Central Bank of Russia. 30.11.2022, Sputnik International
UK’s Office of Financial Sanctions Implementation OFSI published review for the period April 2021 to August 2022, with a focus on effect of sanctions on Russia following invasion of Ukraine in February. OFSI describes response to invasion as unprecedented financial sanctions
Russia-Ukraine war: Von der Leyen also said the EU should “lay the legal basis” for a price cap on Russian oil, without elaborating. The bloc already agreed to ban sea-borne crude starting Dec. 5, but some member countries still require Russian supplies at low prices.