During the meeting, Elvira Nabiullina responded to questions from representatives of the international business community.

The discussion focused on cross-border settlements and payment infrastructure, including execution of international payments, foreign exchange controls and exchange of financial information. Participants also addressed the potential for using the digital ruble in B2B and cross-border settlements, as well as public procurement.

Other topics included the development of open APIs and multibanking, improvements to compliance and KYC procedures, the resilience of financial infrastructure, the development of insurance against cyber-risks, as well as the state of the Russian economy and factors that make it competitive in the long term.

The meeting continued the AEB’s dialogue with the Bank of Russia on issues that are of importance to companies operating in the Russian market.