RUSSIAN CENTRAL BANK LOWERS MANDATORY RESERVES.

The minimum reserve Russian commercial banks must keep on deposit with the Central Bank of Russia is to be lowered to 25 percent as of May 1, Central Bank First Deputy Chairman Sergei Aleksashenko has announced. (Interfax, April 2) If Russia’s economic situation improves, the Central Bank may further soften its credit policy, he said.

Ukraine to get Anglo-German Demonstration of Support.