BANK OF RUSSIA DENIES TALK OF DOLLAR RETURN FOR EXPORTS
Central Bank Governor Elvira Nabiullina says the Bank of Russia is not participating in any discussions about restoring US dollar payments for Russian exports.
This contradicts a Bloomberg report yesterday claiming the Kremlin is preparing an economic package that would reopen the door to dollar-based trade as part of a potential US deal tied to ending the Ukraine war.
According to officials cited in the memo, Russia was reportedly prepared to re-embrace the dollar for trade and offer incentives to US companies, including preferential market access and compensation for seized assets.
The Central Bank now publicly distances itself from those discussions.
Central Bank Governor Elvira Nabiullina says the Bank of Russia is not participating in any discussions about restoring US dollar payments for Russian exports.
This contradicts a Bloomberg report yesterday claiming the Kremlin is preparing an economic package that would reopen the door to dollar-based trade as part of a potential US deal tied to ending the Ukraine war.
According to officials cited in the memo, Russia was reportedly prepared to re-embrace the dollar for trade and offer incentives to US companies, including preferential market access and compensation for seized assets.
The Central Bank now publicly distances itself from those discussions.
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