Central banker says internal risks key for Russian economy

MOSCOW, Sep 23 (PRIME) -- Internal risks are the key for the Russian economy, but foreign risks exist as well, the central bank’s Chairwoman Elvira Nabiullina said at a forum Friday.

“Internal risks for the Russian economy are still the key, I believe. Nevertheless, foreign risks exist as well, and Anton Germanovich (Siluanov) has already defined them as “uncertainty.” Uncertainty in dynamics of global growth will exist and we should be ready for it,” she said.

“Our economic dependence on oil prices is gradually decreasing, the share of oil in gross domestic product (GDP), export revenues and budget incomes is falling as well, but still remains significant,” she said.

Nabiullina also said she believed that economy stimulation at any price leads to a small pace of growth and it is necessary to carry out a reasonable budget policy.

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