Home Economy Nabiullina considers US sanctions a “permanent risk” for Russia

Nabiullina considers US sanctions a “permanent risk” for Russia


The possibility of imposing sanctions against Russia by the United States is a “constant risk” for Moscow, said the head of the Central Bank of the Russian Federation Elvira Nabiullina in an interview with CNBC. But Russia’s reserves are large enough to withstand all the risks.

She explained that Washington has imposed sanctions against Russia over the years for various reasons. “That is why our monetary policy, as well as fiscal policy and all macroeconomic policies, are rather conservative,” said the head of the Bank of Russia.

Moscow’s reserves are “large enough to withstand all financial or geopolitical scenarios,” and are likely more diverse than those of other countries, she added. De-dollarization is part of a broader foreign exchange risk management policy, Elvira Nabiullina said.

Recall that no later than Wednesday, new US sanctions should be introduced against Russia because of the opposition leader Alexei Navalny. However, the White House has the right to postpone them. At the same time, Russia and the United States are trying to agree on a statement that could be adopted by Presidents Vladimir Putin and Joe Biden following the June 16 summit in Geneva.

Details – in the material “Kommersant” “Between the hammer and Navalny.”

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