Central Bank Governor Elvira Nabiullina said the Bank of Russia cannot assist foreign regulators in seeking Russian reserves abroad. Transmits words DEA News.
“As for reserves, I can’t help here,” Nabiullina said in a Bloomberg reporter’s statement that Western regulators were unable to find the $300 billion in Russian reserves that fell under sanctions.
According to the agency’s reporter, regulators claim to have found much less than the stated amount. He also asked the head of the Central Bank of the Russian Federation whether it was possible for Russia not to have so many arrested reserves and for the Central Bank to somehow hide everything.
Previously on the website of the Central Bank of the Russian Federation reportedHe reported that the volume of Russia’s international reserves decreased by 2.3 billion dollars in the period from February 24 to March 3, 2023, and this figure was at the level of 578.4 billion dollars at the beginning of the spring.
It has been noted that several factors affect these dynamics. The currency regulator clarified that negative revaluation as well as operations performed under the budget rule were among the key ones.