Bank of Russia Downplays Brexit Impact on Russian Economy

© Sputnik / Alexey Kudenko / Go to the mediabankThe Central Bank of Russia building on Neglinnnaya Street, Moscow.
The Central Bank of Russia building on Neglinnnaya Street, Moscow. - Sputnik International
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Brexit impact on Russian economy will be less significant than that of China's economic slowdown, head of Russia's Central Bank Elvira Nabiullina said Thursday.

A Brexit supporter holds a Union Flag at a Vote Leave rally in London, Britain June 4, 2016. - Sputnik International
Putin Rules Out Russia's Interference With Brexit in Past, Future
ST. PETERSBURG (Sputnik) — On June 23, the United Kingdom held a referendum to determine whether or not the country should leave the EU. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.

"The impact will be minimal because we don't have broad direct ties with the UK economy, unlike with the Chinese economy," Nabiullina told reporters.

"However, an indirect impact is possible, depending on Brexit influence on economic trends throughout Europe as the EU countries are our key trade partners," Nabiullina added.

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