The Russian economy is quite resilient to risks of sanctions, said the Central Bank

© RIA Novosti / Vladimir Astapkovich in photobacteria the Central Bank of Russia on Neglinnaya street in Moscow. Archival photoThe Russian economy is quite resilient to risks of sanctions, said the Central Bank© RIA Novosti / Vladimir Astapkovich the image Bank

The Russian economy is sufficiently resistant to the potential risks of further deterioration in investor sentiment towards emerging markets, as well as sanctions risk, said the information-analytical material of the Central Bank «financial stability Review».

«The Russian economy due to the presence of balanced macroeconomic indicators is sufficiently resistant to the potential risks of further deterioration in investor sentiment towards EME (emerging markets — ed.) and geopolitical (sanctions) risks», — the document says.

However, it is noted that, if necessary, limit the risks to financial stability, the Bank of Russia may use the set of tools of crisis regulation, including operations on the OFZ market and the currency market.

«One of the ways to support the OFZ market might be to allow financial institutions not to overestimate the value of these securities,» — said in the Central Bank.

In August, the us Congress introduced a bill with a whole set of anti-Russian measures, including sanctions against a new state debt of the Russian Federation and the state banks, the list of which includes Vnesheconombank, Sberbank, VTB, Gazprombank, Rosselkhozbank, and Promsvyazbank. RIA Novosti interviewed experts noted that state-owned banks wording in the document is vague, so potentially it can lead to a ban on payments in dollars.

 

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