The balances at correspondent accounts of Russian commercial banks went down by the beginning of business day today again. This reduction came to more than 5bn rubles (about $157m) in Russia and almost 6bn rubles (about $189m) in the Moscow region. The balances at correspondent accounts have been falling for four days in a row, starting on January 9. The fall in ruble balances over these days totaled more than 40bn rubles (about $1.26bn) in Russia and almost 34bn rubles (about $1.07bn) in Moscow and the Moscow region to less than 70bn rubles (about $2.2bn) and a little more than 35bn rubles (about $1.11bn) in Russia and Moscow respectively today. These figures were the lowest over the past several months. However, the minimal volume of balances did not result in a ruble deficit on the Russian currency market or the worsening of the ruble liquidity at banks, at least in the first half of the day. The current one-day ruble credit rates, which do not surpass 3-4 percent, testify that banks do not suffer from a deficit of ruble resources.
"There should be no Russian who goes to sleep without wondering if they're going to get their throat slit in the middle of the night,” Milley said