MOSCOW - Russia needs a more conservative approach towards its reserves, the central bank said on June 23, noting risks to financial stability from limited access to foreign capital, tighter U.S. monetary policy and volatile oil prices.
Reuters: Russian central bank sees risks; conservative towards reserves
Russia's Prime Minister Dmitry Medvedev (R) speaks during a meeting on the financial and economic situation with Central Bank Chairman Elvira Nabiullina (L), Finance Minister Anton Siluanov (2nd L) and Deputy Prime Minister Igor Shuvalov (3rd L).
