Russian invasion of Ukraine / Ecb

Agreement on provision of liquidity to financial system of five European countries outside euro area

Brussels, 28/03/2022 (Agence Europe)

Faced with the risk of economic contagion from the Russian invasion of Ukraine, the European Central Bank (ECB) announced on Monday 28 March that it had concluded new agreements with the central banks of five European countries outside the euro area - Poland, Hungary, Albania, North Macedonia and San Marino - until mid-January 2023, which will enable it to provide liquidity to the national banking systems in the event of financial turbulence.

The ECB and Narodowy Bank Polski have agreed to...