The NBU said about the influence of the new Russian embargo

The head of the NBU denies the significant impact of new Russian sanctions on exchange rate and inflation.

The national Bank expects no significant impact on the hryvnia exchange rate of the Russian Federation introduced restrictions on exports to Ukraine a number of products, said the head of the Central Bank Yakov Smoliy.

“Yesterday, the Committee discussed the possible impact of sanctions on energy, which Russia accepted, and also how this can affect prices. We said that Ukrainian suppliers of diesel can refocus on other markets. A significant impact should not be”, – said resin.

At the same time, he noted that a small impact on prices this factor can have in mind change logistics. “But I don’t see that it can significantly affect prices this year,” he said.

“Most goods are not subject to an outright ban – just licensing,” – said Deputy head of the NBU Dmitry Sologub.

He also added that the national Bank does not expect a significant impact of election cycle on the economic situation.

“Electoral cycle, the political cycle is not expected to have a significant impact,” said Sologub.

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