Southern African reserve bank warned about the increased risks of secondary sanctions because of Russian Federation

Southern African reserve bank fixes increase in risk of introduction against the country of secondary sanctions because of "geopolitical polarization". It, according to SARB, is caused by the military conflict in Ukraine. About it it is spoken in the annual report (.pdf) of the regulator attention on which paid Frank Media. According to the document, in case of a materialization of these risks "depth" and liquidity financial markets South Africa will decrease. "Though the financial system South Africa remained steady in the conditions of difficult global and internal events, even slower and more unfair internal economic...