Western sanctions ‘tougher than expected’
Balanced financial policy and crisis management experience have helped Moscow withstand unprecedented pressure, Elvira Nabiullina has said
FILE PHOTO: The Russian Central Bank head, Elvira Nabiullina © Sputnik / Maksim Blinov
The Russian economy has demonstrated its sustainability and resilience by weathering an unprecedented barrage of Western sanctions defying even the worst expectations, the head of the Bank of Russia, Elvira Nabiullina told the State Duma on Wednesday.
The level of pressure Russia had to face last year was so high no one could have potentially predicted it or prepared for it beforehand, the central bank head believes. The Russian people and industries demonstrated remarkable adaptability in this new reality, she said.
“No one could have...










