Andrey Pyshny urged to carefully read the statistics of the Russian economy, because “everything is visible there.”
Western anti-Russian sanctions are working. The Central Bank of the Russian Federation will have to start printing rubles, which will eventually lead to the financial collapse of the current regime. This forecast was expressed by the head of the National Bank, Andriy Pyshny, in an interview with the Voice of America, published on Monday, April 17.
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According to him, the 10th package of EU sanctions is really very strong, just like the next wave of sanctions pressure imposed by the United States. Therefore, in the next six months, the RF Central Bank will have to “cover the budget deficit of the Russian Federation by printing money.”
“This sets up a spiral. This spiral will lead Russia to economic and financial collapse, and Putin’s political regime to bankruptcy,” Pyshny said.
He urged to carefully read the statistics of the Russian economy, because “everything is visible there.”
“And also, you know, you have to listen carefully and look at the face of the head of the Central Bank of the Russian Federation, Nabiulina, how nervous he is,” added the head of the NBU.
Pyshny said that the West blocked from 300 to 350 billion dollars of funds from the central bank of the Russian Federation.
“I would also add to this the blocked assets of the Russian oligarchs, who are directly complicit in this war and the beneficiaries of the Putin regime and those who support and continue to finance it. Therefore, they must bear the appropriate responsibility, including material “he said..
The head of the NBU noted that the 10th package of EU sanctions provides a very important standard.
“It provides for the introduction of reporting: what kind of assets belonging to Russia or Russian oligarchs are immobilized, blocked and can be used to form a reparation fund, according to respectively. This reporting is introduced, and in the near future we will not predict , but work with clear, specific numbers and understand how these amounts can be used to replenish the Fund for the Reconstruction of Ukraine,” he said.
Pyshny also said that all Russian funds blocked in the West are considered “as part of the reparation fund, to which Ukraine must be returned.”
Recall that in the first quarter of 2023, the budget deficit of the Russian Federation reached almost 30 billion dollars. And the fall in revenues is not the only problem of the aggressor country, because costs, on the contrary, have increased.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.