CBR to extend banks' right not to disclose information sensitive to risk of sanctions to end of 2026

MOSCOW. Dec 2 (Interfax) - The Central Bank of Russia will extend until December 31, 2026 the right of credit organizations not to disclose information which could put them at risk of sanctions, including information on their ownership structure, members of management bodies and other officials, the CBR said in a statement.

The rules on the disclosure of information regarding reorganization by banks will also continue to be relaxed until the end of 2026.

Credit organizations will be obliged to disclose their financial reporting and accompanying audit report without including data which are sensitive to the risk of sanctions. However, banks which do not issue securities will not be obligated to disclose any part of their financial reports to International Financial Reporting Standards (IFRS) and audit report until the end of 2026.

The CBR will continue to publish banks' financial results without sensitive data and will supplement the current information on ratios on its website with national short-term liquidity ratio figures.

"This system will allow for a balance to be maintained between the market's need for information and limiting the risk of sanctions for banks and their clients," the regulator said.