Russia Is Working to Create Own Price Benchmarks for Commodities
- Central bank governor says Russia needs its own indexes
- Moscow won’t sell oil to countries that cap prices: Nabiullina
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Russia’s central bank is working with the government to create national price benchmarks for a range of commodities, according to Governor Elvira Nabiullina.
“It’s very important to launch such indexes,” Nabiullina told reporters at the news conference Friday. “First of all, that refers to commodities” but can also apply to “any traded goods.”