Elvira Nabiullina, head of the Central Bank of Russia, said that the self-isolation of the financial system can lead to a decrease in the welfare of the country’s population. The head of the Central Bank of Russia said this at the Moscow Financial Forum, author RBC edition.
“Otarky, self-isolation – that would be the way to reduce people’s well-being in the long run,” Nabiullina said.
According to him, the development of the Russian economy should continue with integration into international markets. At the same time, the head of the regulator noted that the cessation of relations with “historical partners” and the closure of financial markets familiar to the Russian side is not a reason to abandon everything.
Nabiullina added that external conditions have changed and approaches need to be changed.
At the beginning of September 8, the head of the Ministry of Finance Anton Siluanov declarationFinancial sovereignty for the Russian economy can be achieved with the help of two rules: live within your means and do not walk with an outstretched hand. According to him, the issue of financial sovereignty is very important for the Russian economy.