[Russia] - Russian Central Bank Chief Calls for 'Open Economy'Russia's Central Bank chief on Thursday required Russia to be an open economy in spite of the barrage of Western sanctions and trading restrictions it has actually dealt with over the full-blo

INSUBCONTINENT EXCLUSIVE:
Russia's Central Bank chief on Thursday called for Russia to be an "open economy" despite the barrage of Western sanctions and trading
restrictions it has faced over the full-scale invasion of Ukraine.Central Bank Governor Elvira Nabiullina was speaking at the St
businesspeople, investors and officials to President Vladimir Putin's hometown.But since the February 2022 invasion, the forum's lineup has
reflected Moscow's pivot toward Asia and Africa amid its diplomatic and economic isolation from Ukraine's Western allies.At a panel
discussion on Thursday, Nabiullina said Russia must prioritize "ensuring the openness of our economy.""Despite the sanctions, we should be
ready to integrate our economy" into the world economy, she added.Sanctions have largely carved Russia out from the international financial
system and killed off its former lucrative energy partnerships with the West
Scores of Western companies have also left Russia since the February 2022 invasion.Speaking alongside Nabiullina, Finance Minister Anton
years," Siluanov said.Nabiullina said Russia needs to develop its capital markets and warned that planned tax increases must not be
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