The Chairman of the Central Bank spoke about the tasks of the regulator after the introduction of new sanctions

© RIA Novosti / Alexei Agresivitate in photobacteria Deputy Chairman of the Central Bank Ksenia Yudaeva. Archival photoThe Chairman of the Central Bank spoke about the tasks of the regulator after the introduction of new sanctions© RIA Novosti / Alexei Agresivitate the image Bank

The task of the Bank of Russia — not to guess what sanctions will be imposed against Russia, and to have a set of smoothing tools, which is already developed, said the first Deputy Chairman of the regulator Ksenia Yudaeva.

«As for sanctions, there is certainly quite a lot of unpredictability, because you never clear what specific measure can be applied, and the task of the Central Bank here more likely not to come up with something specific and to have a set of tools that can these effects smooth out,» said she, speaking at a Financial forum of Russia, organized by Vedomosti newspaper.

«On the one hand, allow the economy to adapt, on the other hand, not to develop the risks to financial stability, to limit them to these risks have not begun to have some effects. And a set of such tools we have already developed», — said the first Deputy Chairman of the Central Bank.

According to Yudayeva, the General effects of the sanctions are clear. «Sanctions can create a surge of volatility, some outflows, but due to this volatility is the search for a new equilibrium adjustment of the economy, adapting the financial system to the new situation,» she concluded.

The Chairman of the Central Bank spoke about the tasks of the regulator after the introduction of new sanctions© Infografiken sanctions against Russia and retaliatory measures

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