Peskov denied the ability to force conversion of dollar deposits
MOSCOW, 14 sen — news. The Russian government is not considering forced conversion of dollar deposits in the ruble in the case of U.S. sanctions against Russian banks, said the press Secretary of the President Dmitry Peskov.
“No, this is not part of the administration, this is not, as far as I know, in General,” said he, answering the question, are there any plans to introduce compulsory conversion of dollar deposits into rubles.
However, he did not comment on the statement by the head of VTB Andrey Kostin that the Bank may carry out such conversion. “At the moment I still are press-Secretary of Putin, not Kostina, so let me not to comment on that,” he added.
The head of VTB Andrey Kostin on Wednesday in interview to Agency Bloomberg has declared that the Russian banking system will survive in case of introduction against it sanctions the West, and the clients in this case will be able to recover the funds from the dollar accounts.
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