The Bank of Russia (CBR) has said it is not in talks with the US administration regarding the removal of economic sanctions imposed over the Ukraine conflict. Washington has signaled that sanctions relief could be a part of the peace process to end hostilities, leading to speculation in the media about potential discussions.
Speaking on the sidelines of the ‘Cybersecurity in Finance’ forum in Ekaterinburg on Thursday, the head of the CBR, Elvira Nabiullina, was asked whether negotiations on easing financial sanctions and unfreezing Russia’s sovereign reserves were underway.
“The Central Bank is not participating in such negotiations. I am not aware of this,” Nabiullina responded, as quoted by Russian media outlets.