The Central Bank has allowed banks to build reserves under the credits granted by Ukrainian borrowers until November 1, 2014, said Deputy Chairman of the Central Bank Vasily Pozdyshev during the traditional meeting of bankers with the leadership of the Bank of Russia.

according to him, the regulator has developed a normative act - Letter 190-T, which allows banks to go out of problematic situations related to recent geopolitical events.

" Letter 190-T gives the banks an opportunity to apply the state of emergency to borrowers that are registered in Ukraine, that is not to form reserves on these loans for one year, beginning on the date of this letter, " said Pozdyshev.

He showed that this benefit applies to loans issued before the first of November." It is made specifically to not have any desire to take and give great credit there and not to form the stock, " he explained.

currently, Ukraine is in a difficult political crisis, which affects its economy and the public sector. In fact, the country is on the verge of default. The government predicted reduction of the country's GDP by 5% in 2014, the European Bank for restoration and development - 7%, Fitch is also 5%. The authorities have a hope to save the economy through external borrowing.

sections: Politics