The Bank of Russia announced the launch of its regulatory sandbox in mid-April this year, offering Russian fintech companies the chance to test new technologies without the risk of violating domestic law.
Especially interesting in this context looks the November statement of the first Deputy Chairman of Central Bankof Russia Ksenia Yudaeva, which stressed that the Central Bank of Russia can use the gold from its reserves to pay for imports, if needed.
He predicts that in the extreme case, the Russian Central Bank's assetsmaybe frozen, and the rest of the Russian economy will be cut off from the capital market.
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