The Central Bank of Russia sees cross-border dealings with many countries becoming more complicated following US sanctions imposed in December last year. This was announced by the head of the Central Bank, Elvira Nabiullina. RIA News.
US President Joe Biden signed a decree in December expanding the legal basis for imposing sanctions on Russia. Foreign banks that Washington may suspect of financing the Russian military-industrial complex may now be subject to restrictions.
According to Nabiullina, difficulties arising from sanctions will lead to increased efforts to create alternative payment methods. The head of the Central Bank stated that businesses in all countries are working on this issue.
Russian officials have repeatedly said that Western sanctions have failed to dent the Russian economy. The inconsistency of the restrictions was also noticed on the other side.
Last week Russian Ambassador Anatoly Antonov statedThe United States recognizes Russia’s success in halting sanctions and their consequences for the Russian economy.
Previously Nabiullina in the name The most painful sanctions against the Russian Federation.