the head of the Central Bank proposed declassifying part of the data on the Russian economy
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The head of the Central Bank of Russia, Elvyra Nabiullina, proposed to declassify part of the economic data, as it is necessary for the growth of the market. This is reported by the Financial Times with reference to three unnamed sources.
“We need to return to the proper disclosure of information, with some exceptions, so that investors can invest in securities,” FT reports Nabiullina’s words.
According to the interlocutors of the publication, she “leads efforts” to cancel the decisions on the classification of economic data, which were adopted in the first weeks of the Russian invasion of Ukraine.
According to a high-ranking employee of the Central Bank, the non-transparency of statistics creates problems “even for those inside the system.”
“The economic wing has access to closed macro statistics, but corporate statistics sometimes become a problem,” said the newspaper’s interlocutor.
The press secretary of the President of Russia, Dmitry Peskov, explained the need to declassify data on waging a hybrid war against Russia, including an economic one. At the same time, he asserts that everyone involved in the development of economic policy has access to the necessary data. Vladimir Putin, according to Peskov, regularly receives reports on the economy from his senior officials.
“Any allegations that he receives distorted information are false. He has all the information, he has economic cabinet meetings almost every week,” Peskov told the Financial Times newspaper.
After the Russian invasion of Ukraine, the government classified some economic data, including information on gold and currency reserves and customs statistics.
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