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RUSSIA'S ECONOMY

Russian Central Bank Chief: Reserve Fund and NWF should be preserved

These ‘safety cushions’ should be preserved despite crisis, Elvira Nabiullina says

Russian Central Bank Chief Elvira Nabiullina Pavel Bednyakov/TASS Archive

Russian Central Bank Chief Elvira Nabiullina

© Pavel Bednyakov/TASS Archive

MOSCOW, January 22. /TASS/. The Reserve Fund and the National Wealth Fund (NWF) should be preserved despite the crisis, Chairperson of the Bank of Russia Elvira Nabiullina said on Friday.

"I should say the Ministry of Finance always followed this principle [macroeconomic stability support — TASS] in recent years. The result of these initiatives was creation of ‘safety cushions’, such as the Reserve Fund and the National Wealth Fund. Certainly, it is important to preserve all these achievements," she said.

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