Russia’s banks operating in Ukraine are under extreme pressure and may have to close or sell their businesses as non-performing loans (NLPs) soar and customers close thier accounts because of the low watt war with Russia.
Ukraine's gross international reserves grew by 1.8% in December to $15.539bn (by 17% during the previous year), the National Bank of Ukraine (NBU) said in a statement on January 5.
Ukraine’s politicians remain unpopular. The ruling Poroshenko Bloc would barely squeak into the Rada parliament if elections were now held with only 5.8% of the votes, according to a poll by KIIS in December.
Russia turned in the strongest purchaser manufacturing index (PMI) results for 69 months with all the components going comfortably into the black, suggesting an economy recovery is starting to build some momentum.
The foreign currency and gold reserves of the Central Bank of Russia (CBR) dropped by big $8bn, or 2.1% week-on-week, to $379bn on the week ending December 16, the regulator said on December 22.
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