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Russia’s Nabiullina tells central bank staff: we hoped not to face extreme economic situation

Randy Mancini 4 Mar 2
FILE PHOTO: Russian Central Bank Governor Nabiullina speaks during an interview in Moscow
FILE PHOTO: Elvira Nabiullina, Governor of Russia's Central Bank, speaks during an interview in Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina

March 2, 2022

MOSCOW (Reuters) – Russia’s Central Bank Governor Elvira Nabiullina said Russia’s economy had come up against an extreme situation, something she said they had all hoped would not happen, in an video address to the bank’s staff aired on Wednesday.

Nabiullina said the bank was doing everything possible to help Russia’s financial system and central bank cope with any shocks.

(Reporting by Reuters in Moscow)