Freezing reserves, I think that this is a very , because mexico telegram data it is a violation of the basic principles of reserve protection. But here, too, the floating exchange rate and currency restrictions, which we adopted quite strict in the spring of last year, helped us. Then, you remember, they were relaxed. And this allowed us to mitigate the risks to financial stability.
You are right, the financial sector
Was the first to take the brunt of the sanctions – many sanctions, not just those you listed. But overall, we managed to maintain financial stability.
— Do you think that the sanctions pressure
will only increase, in particular on the financial sector?
— It is absolutely impossible to predict the sanctions policy. But we calculate the scenario with increased sanctions pressure, every year we you can select employee groups present [it] in the “Main Directions of Monetary Policy”. This risk certainly exists. The main thing we can do to counter this risk is to really ensure that there is macroeconomic stability, financial sustainability. Therefore, for example, we gave banks a wide range of concessions, and we began to exit them america email quite energetically. We believe that banks should again increase their in case of various possible shocks. Not only sanctions, but there are shocks related to financial conditions, and so on — they should withstand [them]. Therefore, it is more an understanding of this risk and readiness for it.