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Central Bank of Russia governor says no global economic crisis scenario has come to pass

Russia’s economy and business have developed under a scenario of accelerated adjustment to new realities, Elvira Nabiullina stated

Russian Central Bank Chief Elvira Nabiullina Sergey Bobylev/TASS

Russian Central Bank Chief Elvira Nabiullina

© Sergey Bobylev/TASS

ST. PETERSBURG, June 15. /TASS/. No global economic crisis scenario has come to pass, 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 occurred from our risk scenario is that no economic crisis has come to pass," she said.

Russia’s economy and business have developed under a scenario of accelerated adjustment to new realities, Nabiullina added. "Our enterprises have adjusted to the 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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Central Bank of Russia SPIEF-2023

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