Bloomberg News

Bank Rossii, Finance Ministry Can Stop Cash Crunch, Klepach Says

October 27, 2011

Oct. 27 (Bloomberg) -- Russia’s central bank and Finance Ministry are able to prevent a cash crunch in the country’s banking industry, Deputy Economy Minister Andrei Klepach said. The current liquidity squeeze is “not significant,” he told a conference in Moscow today.

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net

To contact the editor responsible for this story: Alex Nicholson at anicholson6@bloomberg.net


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