Bank of Russia notes slight growth of activity of non-residents from friendly countries
Foreign investments in the Russian economy are still very much limited by sanctions and retaliatory restrictions, regulator’s Governor Elvira Nabiullina noted
MOSCOW, June 6. /TASS/. The Bank of Russia observed an increase in activity of non-residents from friendly countries on the Russian market, though it was minor, the regulator’s Governor Elvira Nabiullina told a press conference following a meeting of the board of directors on the key rate.
Foreign investments in the Russian economy are still very much limited by sanctions and retaliatory restrictions, she noted.
"That said, we observed an increase in activity of friendly non-residents on the Russian market," the governor said. "Though, first, it was minor, and second, their share in the total volume of transactions is very small," she added.
This is why the regulator sees no major influence on the ruble’s exchange rate in this respect, Nabiullina said.
"If trade wars intensify, hitting our exports, we will take such rate decisions that ensure there is no round of inflation," she noted.