Russian Central Bank chief says scenario of global economic crisis has not implemented
Russia’s business and economy developed under the scenario of accelerated adjustment, Elvira Nabiullina stated.
The scenario of global economic crisis has not implemented, Central Bank of Russia Governor Elvira Naliullina said at the St. Petersburg International Economic Forum (SPIEF).
"We are criticized by market participants for speaking often about some risks. But indeed, we are preparing for those risks. You cannot meet the risk properly unless you are ready for it. What has not implemented from our risk scenario is that the economic crisis has not implemented," she said.
Russia’s business and economy developed under the scenario of accelerated adjustment, Nabiullina added. "Our enterprises adjusted to new conditions very quickly," she said.
The 26th St. Petersburg International Economic Forum (SPIEF) - Russia’s showcase annual economic and business event - is being held on June 14-17. 'Sovereign Development as the Basis of a Just World: Joining Forces for Future Generations' is theme of this year’s forum. TASS is the official information partner of the event.
SPIEF’s expanded business program offers attendees the opportunity to participate in more than 140 sessions featuring over 1,000 moderators and speakers, according to event organizer Roscongress Foundation. In line with tradition, Russian President Vladimir Putin will address the plenary session of SPIEF on Friday.
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The scenario of global economic crisis has not implemented, Central Bank of Russia Governor Elvira Naliullina said at the St. Petersburg International Economic Forum (SPIEF).
"We are criticized by market participants for speaking often about some risks. But indeed, we are preparing for those risks. You cannot meet the risk properly unless you are ready for it. What has not implemented from our risk scenario is that the economic crisis has not implemented," she said.
Russia’s business and economy developed under the scenario of accelerated adjustment, Nabiullina added. "Our enterprises adjusted to new conditions very quickly," she said.
The 26th St. Petersburg International Economic Forum (SPIEF) - Russia’s showcase annual economic and business event - is being held on June 14-17. 'Sovereign Development as the Basis of a Just World: Joining Forces for Future Generations' is theme of this year’s forum. TASS is the official information partner of the event.
SPIEF’s expanded business program offers attendees the opportunity to participate in more than 140 sessions featuring over 1,000 moderators and speakers, according to event organizer Roscongress Foundation. In line with tradition, Russian President Vladimir Putin will address the plenary session of SPIEF on Friday.
Source