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US sanctions against Moscow are a ‘persistent risk’ but national reserves can withstand everything, says Russian Central Bank head

This is according to Elvira Nabiullina, the governor of Russia’s central bank. “That’s why our monetary policy, as well as fiscal policy and whole macroeconomic policy, is quite conservative,” she told American broadcaster CNBC, noting that Russia has reserves big enough “to withstand all financial scenarios or geopolitical scenarios.” Russia …

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