8 Nov 2022 11:09

Nabiullina: It is necessary to return to disclosing info for normal operation of financial market, except for info that increases companies' sensitivity to sanctions

MOSCOW. Nov 8 (Interfax) - The Central Bank of Russia (CBR) is preparing to increase the information that financial and non-financial organizations disclose, Central Bank Governor Elvira Nabiullina said during a joint meeting of the State Duma committees on considering the main directions of monetary policy for 2023-2025.

"When the shocks occurred, we closed a large amount of information of financial institutions. However, in order for the financial market to operate actively and for investors to take investment decisions, it is of course necessary for financial and non-financial organizations to return to disclosing information, except for information that increases companies' sensitivity to sanctions. We are preparing to start releasing more information so that investors could take decisions," Nabiullina said.

Moreover, the CBR is now working on creating domestic financial and commodity indicators that are required for a wide range of participants to effect transactions and take investment decisions.