MOSCOW, December 2 (RAPSI) - Foreign intelligence agencies were preparing massive cyberattacks aimed to destabilize the financial system of Russia, the Federal Security Service (FSB) reported Friday.

The FSB found out that a command center and server powers for the planned attacks are based in the Netherlands and owned by the Ukrainian web hosting company BlazingFast, the statement on its website reads.

The cyberattacks, namely SMS spamming and provocative publications on social networks about Russia’s credit crunch, revocation of the leading banks’ licenses and bankruptcy, were to be launched on December 5. Scores of Russian cities could become their targets, according to the FSB.

The Federal Security Service's officers are currently doing everything they can to neutralize threats to the country’s economic and information security, the statement says.