MOSCOW, November 15. /TASS/. The purpose of Western sanctions was to provoke an unmanageable collapse of the Russian financial system, Bank of Russia’s Chief Elvira Nabiullina said on Tuesday. She was speaking at a meeting of the State Duma, lower house of parliament.

She noted that it is not easy to prepare for such a non-economic risk, but efforts to improve the resilience of the national financial system to shocks has helped.

"The purpose of the sanctions was to provoke an uncontrolled collapse of our financial system. It is not easy to prepare for such an extra-economic risk as sanctions. It cannot be taken into account in mathematical models. And they counted on this. But we have consistently increased the system's resistance to shocks as a whole and it has helped," she said.

Nabiullina recalled that at the end of winter - beginning of spring, the Russian financial system was subjected to very powerful sanctions pressure, but was able to continue to work smoothly, providing citizens and companies with financial resources.