Russian Central Bank Unlikely to React to Sanctions Over Ukraine

Bank Rossii probably won’t revise its policies in response to sanctions, central bank First Deputy Chairman Ksenia Yudaeva said, after the U.S. stepped up pressure on Russia over its incursion into Ukraine.

“The main problem we’ve had is not about the sanctions, but the psychological reaction in response to threats to impose the new ones,” Yudaeva said in an interview today in Washington. “So for the central bank the situation is going to be little changed.”