Nabiullina: turbulent times ahead, but also new opportunities for the economy

Turbulent times await Russia, but they will provide the country with opportunities for economic development and growth. This was announced on July 2 by the head of the Central Bank of the Russian Federation, Elvira Nabiullina.

"We have very turbulent times ahead, but I am sure that these are new opportunities for development, for productivity growth in conditions of expensive labor," she said during the plenary session of the Financial Congress of the regulator.

At the same time, the head of the Central Bank clarified that, despite the difficulties, the state has growth potential in many areas.

"Our economy is becoming more qualitative, complex and multifaceted"

Vladimir Putin's speech at the SPIEF plenary session. Main quotes

During the same meeting, Nabiullina said that the adaptation of the Russian economy to external changes has ended. She clarified that the country's economy needed to change its development model and rely on internal sources of financing.