Russia will not supply oil to countries that decide to put a ceiling on the price of oil, the governor of the Central Bank of Russia, Elvira Nabiulina, said today during a briefing. Nabiullina added that the G7 proposal, which aims to strip Russia of energy revenues in a bid to limit Moscow’s options to […]
Tag: Elvira Nabiulina
Russia: 70 financial institutions from 12 countries have joined our alternative SWIFT system
About 70 financial institutions from 12 countries have already joined the alternative Russian system of SWIFT, said the governor of the Central Bank of Russia, Elvira Nabiulina. The big Russian banks have been cut off from SWIFT, the messaging system that supports financial transactions worldwide, in the context of Western sanctions in response to Russia’s […]
Nabiulina: Russia must reconsider export framework and lift most capital controls
Russia needs to rethink the context of its export-dependent economy to ensure that industry works for the domestic market but most capital controls should be lifted, central bank chief Elvira Nabiulina said today. Nabiulina, speaking at the annual St. Petersburg Economic Forum, said a “significant portion” of Russian industry should start working for the domestic […]