No shock to economy expected from new sanctions – Bank of Russia

The latest Western

The blacklisting of 14 additional Russian banks by the West poses no systemic risks, as lenders were already prepared, the regulator says.

The latest Western sanctions against Russian banks will not cause a shock to the country’s banking system, the head of the Bank of Russia, Elvira Nabiullina, said on Thursday at the regulator’s annual meeting with commercial lenders.

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