The Governor of the Bank of Russia, Elvira Nabuillina, has stated that the Bank of Russia will tighten credit regulations for mergers and acquisitions (M&A) by the end of the year. She noted that previously, banks had held off on measures to limit credit for such deals.
“Moreover, we’ve acted in accordance with what participants in the market want, given them time to prepare. But of course, without direct regulatory pressure from us, this trend won’t change. Consequently, we are not prepared to postpone the introduction of these measures any longer,” said Ms. Nabiullina at the 28th International Financial Congress
In 2018, the Bank of Russia published a document entitled ‘Incentivising banking regulations’, in which measures to create long-term money (long-term investment or loans, – note by Kommersant) in the Russian economy were discussed. Moreover, the document outlined how to limit deals for acquisitions and mergers. The document was issued in the light of discussions on securing sources of funding for national projects.