Nabiullina warns of low growth in Russian economy

Governor advocates three-year budget rule and structural reforms

elvira-nabiullina
Elvira Nabiullina: "Domestic and external conditions will remain rather complicated for Russia's economy"
Source: Kremlin

Bank of Russia governor Elvira Nabiullina has presented three future scenarios for the Russian economy, stressing both the country's need for structural reform and its dependence on hydrocarbon exports.

The central bank expects "domestic and external conditions will remain rather complicated for Russia's economy", Nabiullina said in her speech to three parliamentary committees on December 5.

Russia's economic growth was "mainly hampered by structural factors", she argued, calling for greater

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