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Home > Headlines > Fall in oil prices poses risk to Russian economy, TASS cites central bank chief

Headlines

Fall in oil prices poses risk to Russian economy, TASS cites central bank chief

Published by Global Banking and Finance Review

Posted on April 8, 2025

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MOSCOW (Reuters) - A sharp drop in global oil prices triggered by U.S. President Donald Trump's tariffs poses a risk to the Russian economy, the state TASS news agency cited Elvira Nabiullina, the governor of Russia's central bank, as saying on Tuesday.

She was quoted as saying that the central bank was analysing the fallout, but saying that a technical budget rule would smooth out the consequences for the budget.

(Reporting by Reuters; Editing by Andrew Osborn)

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