Brexit Not to Affect Russian Economy Directly, Indirect Effect Possible

"Brexit" will not impose direct effect on the Russian economy, though a limited indirect effect is possible, Russian Central Bank Governor Elvira Nabiullina said Friday.

MOSCOW (Sputnik) — The United Kingdom's exit from the European Union will have no direct impact on the Russian economy, though a limited indirect effect is possible, Russian Central Bank Governor Elvira Nabiullina said Friday.

"The Russian economy will not face direct risks or effect of the United Kingdom's exit from the European Union. Of course, indirect risks are possible, because if it happens, the European Union, which is one of our biggest trade partners, in particular, and the global markets, in general, will face certain consequences," Nabiullina said at a briefing.

According to Nabiullina, Brexit may provoke some turbulence, which can affect the dynamics at raw materials markets, including Russia, though these risks are unlikely to be direct or significant for the Russian economy.

The UK nationals are set to vote on June 23 in a referendum on the country's EU membership, after Prime Minister David Cameron and the leaders of the 27 EU member states agreed in February to grant the United Kingdom a special status within the bloc.