© Reuters. FILE PHOTO: Russian Central Bank governor Elvira Nabiullina speaks during an interview in Moscow, Russia, June 27, 2019. REUTERS/Evgenia Novozhenina

(Reuters) – The introduction of capital controls in Russia was a forced decision, central bank governor Elvira Nabiullina said Friday after keeping its key interest rate unchanged at 20%.

Nabiullina, who had been proposed by President Vladimir Putin to be reappointed to a third term on Friday, said the Moscow Exchange would resume trading of government bonds from the OFZ ruble from Monday and that the central bank plans to buy there.

The central bank would sell its OFZ bonds in full at a later date, Nabiullina said during an online briefing. She didn’t answer questions.

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This post Russian capital control decision was a forced move, cenbank says by Reuters was original published at “https://www.investing.com/news/economy/russian-capital-control-decision-was-a-forced-move-cenbank-says-2787513”

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