Contents tagged with Nabiullina
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Under the radar: Russian banks conspire to evade U.S. sanctions in secretive strategy summit
Russian Central Bank Governor Elvira Nabiullina appears bewildered by U.S. pressure. During a congress of the Bank of Russia on July 3, Nabiullina admitted a lack of effective countermeasures against the sanctions and advised against public discussions about international money transfer schemes and business strategies of Russian banks. This, in effect, signaled that the Russian Central Bank has no adequate response to U.S. sanctions imposed on foreign banks that collaborate with Russia. …