April 21 (Reuters) – Russia has enou gh resources to avoid defaulting on state debt, Central Bank Governor Elvira Nabiullina said on Thursday.
Moody’s said last week that Russia may be in default because it tried to service its dollar bonds in roubles, which would be one of the starkest consequences to date of Moscow’s exclusion from the Western financial system since Russia sent tens of thousands of troop to Ukraine.
The majority of lawmakers in the Russian lower house of parliament, or the Duma, voted on Thursday in favour of reappointment of Elvira Nabiullina as central bank governor.
The vote comes a month after Russian President Vladimir Putin had proposed nominating Nabiullina for a third consecutive term in a bid to ensure macroeconomic stability.
Phot – Head of the Russian Central Bank Elvira Nabiulina. EPA-EFE/MAXIM SHIPENKOV
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