There is only one condition under which Russia could truly find itself in financial isolation.
The Chairman of the Bank of Russia, Elvira Nabiullina, spoke about it at a press conference.
On air on the Russia 24 TV channel, the head of the Central Bank stated that Russia faces financial isolation if the world no longer needs Russian goods.
A complete halt in exports could indeed create serious economic problems for the country.
But the Central Bank Chairperson pointed out that there are no signs of such a scenario developing yet. The world still needs Russian goods.
At the same time, Nabiullina emphasized that cross-border payments are becoming more complicated.
However, there are solutions to the problems, because many countries need the Russian market.
Meanwhile, analysts are discussing the possibility of raising the key rate of the Central Bank of Russia.
A new meeting on this issue will be held in July.
Earlier, the Bank of Russia allowed for an increase in the key rate to 17-18%.
