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Russian cenbank tells banks to consider postponing dividends -Breaking

by Mike Robinson

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© Reuters. A view from the exterior shows part of the façade of Russian Central Bank Headquarters in Moscow, Russia. December 3, 2018. REUTERS/Maxim Shemetov

MOSCOW (Reuters), – Friday’s announcement by the Russian central bank that it was easing regulatory standards for the sector, asked lenders to reconsider postponing bonuses and dividend payments to managers as it advised them to delay these payments.

Following the invasion of Ukraine by Russia, the Central Bank announced Thursday that it is supporting the banking industry. The announcement prompted the West to tighten sanctions on Russia.

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