• 13/04/2024 05:09

The head of the Central Bank of Russia expects increased Western sanctions – Bloomberg

Голова Центробанку Росії очікує посилення західних санкцій - Bloomberg

The head of the Russian Central Bank, Elvira Nabiullina, who played a key role in ensuring that the Putin regime withstood the blow of large-scale sanctions after the full-scale invasion of Ukraine, believes that economic pressure on the Russian Federation will increase.

Bloomberg writes about this, Ukrinform reports.

Nabiullina, in particular, said in an interview with Russian media that the restructuring of the Russian economy is happening at a “fairly fast” pace, and business is supposedly adapting to Western restrictions.

“There is a temptation to think that we are, as they say, knee-deep in the sea after we weathered the initial storm, although we must be prepared for increased sanctions pressure,” Bloomberg quotes the head of the Russian Central Bank.

As Ukrinform reported, last Friday the head of the White House, Joe Biden, signed a decree expanding the powers of the US administration to impose sanctions against financial institutions that help Russia evade previously imposed restrictions.

At the same time, in early December, the G7 countries announced direct restrictions on the purchase of Russian diamonds from January 1 next year, followed by gradual restrictions on indirect imports of Russian precious stones. Later this month, the European Union adopted the 12th package of economic and individual sanctions against the Russian Federation.


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