Elvira Nabiullina, who leads Russia’s central bank, warned at the Moscow Financial Forum that insulating the financial system could erode the welfare of the country’s people. The message came during remarks reported by RBC.
“Self-imposed isolation would, in the long run, reduce the well-being of citizens,” Nabiullina stated.
She emphasized that the Russian economy should keep expanding through engagement with international markets. Yet she cautioned that severing ties with longstanding partners and shutting down familiar financial channels does not justify abandoning the broader economic project. External conditions have shifted, and so should the strategic approach.
Earlier, on September 8, Anton Siluanov, the finance minister, outlined two guiding rules for financial sovereignty: live within one’s means and avoid drawing on others. He underscored that achieving financial sovereignty remains a central priority for the Russian economy (citation: Moscow Financial Forum).
Notes from the event reflect a persistent view that resilience comes from practical, market-based integration while maintaining prudent fiscal discipline. The discussion points to a broader trend in which policymakers acknowledge changed global dynamics and seek to adapt without abandoning core policy goals. (citation: Moscow Financial Forum)