00:54 GMT06 August 2020
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    The Russian Central Bank does not expect Brexit to affect negatively the Russian financial market, Central Bank's head Elvira Nabiullina said on Tuesday.

    MOSCOW (Sputnik) — The Russian Central Bank does not expect the United Kingdom’s decision to leave the European Union to have significant negative implications for the Russian financial market, Central Bank's head Elvira Nabiullina said on Tuesday.

    "We do not see any major negative consequences. Of course, there is and there will be some increased volatility on global financial markets. We are observing it. But on the Russian financial market, volatility is currently reduced," Nabiullina said at a press conference.

    The Central Bank head added that if the volatility does increase, Russia has all the necessary tools to handle it.

    "There is nothing to worry about," she added.

    On June 23, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. 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 Brexit decision sent global financial markets into frenzy, with the Dow Jones Industrial Average futures falling some 500 points, or about 3 percent on Friday.


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    European Union, global economy, Brexit, Russian Central Bank, Elvira Nabiullina, Russia, United Kingdom
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