Nabiullina: Russia's economic development hampered by internal restrictions

Nabiullina: Russia's economic development hampered by internal restrictions

The main restrictions for the development of the Russian economy are internal, the head of the Russian Central Bank Elvira Nabiullina said at the International Financial Congress.

"We are clearly living now in a not that risky of a scenario. Oil prices are somewhat higher than expected; our country continues to be interesting for global capital markets. Therefore, in my opinion, the main constraints for development are domestic," she said.

According to her, economic growth is now around 1.5-2%, while in the first quarter it was only 0.5% with very low unemployment.

 "And this is the result that we will have without structural changes. Because the policy of maintaining macroeconomic stability only allows stabilizing the economy around its current potential," TASS cited Nabiullina as saying.

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