The head of the Central Bank: Russia has a “safety cushion” from sanctions pressure

At a meeting with the Communist Party faction in the State Duma, Nabiullina noted that the country’s financial reserves are formed primarily on the basis of those assets that are not subject to Western sanctions. It is this kind of assets that are the “safety cushion” of the country, Nabiullina believes.

– said the head of the Central Bank.

According to her, when forming the country’s foreign exchange reserves, changes in Russia’s foreign trade are also taken into account. At the same time, Nabiullina added that work is also underway to return the frozen assets of the Central Bank in dollars and euros. The head of the Central Bank noted that Moscow has certain leverage for this, recalling the presidential decree imposing restrictions on the withdrawal of funds from Russia by non-residents from unfriendly countries.