Elvira Nabiullina Photo: depositphotos
Elvira Nabiullina, the Chairperson of the Central Bank of Russia, noted that payment issues are one of the key challenges facing the Russian economy. According to Nabiullina, the Central Bank of Russia considers all potential risks, including the risk of yuan-denominated stock market trading suspension.
As reported by mignews, several Chinese state banks recently tightened restrictions on financing Russian companies in response to a statement by the US Department of the Treasury announcing additional sanctions on foreign banks that collaborate with companies supporting the Russian defense industry.
“We take into account all risks,” Nabiullina said at a press conference in St. Petersburg, responding to questions about the possible risk of yuan-denominated stock market trading suspension.
She also added that Russia is not in financial isolation due to its exports of commodities such as oil and natural gas to the global market.
