Central Bank of Russia is looking for ways to return Russian assets in euros and dollars

18.04.2023, Moscow.

The Russian Central Bank continues its work on the return of “frozen” assets in euros and dollars, Chairwoman of the Bank of Russia Elvira Nabiullina said in the Russian State Duma on April 18.

“We continue to work to return our assets in euros and dollars. In particular, the presidential decree introduced restrictions on the withdrawal of funds from Russia by non-residents from unfriendly countries,” Nabiullina said.

According to the Chairwoman of the Central Bank, the restrictions on the withdrawal of funds are a retaliatory measure to strengthen the negotiating position of Russia on this issue. Also, in parallel with changes in the order of foreign trade, the Bank is creating assets based on what assets cannot be used for sanctions pressure, she explained.

“We can feel quite calm now – our country has a safety cushion in assets not subject to sanctions,” Nabiullina assured.

Earlier, Nabiullina said that the Bank of Russia has a negative attitude to the use of cryptocurrency inside the country, but allows the experiment of its use for external payments. According to her, cryptocurrency inside the country “should not be used, but for external payments we assume that it is possible as an experiment.”

Source: Rossa Primavera News Agency