The head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that the embargo on Russian oil would lead to a weakening of the ruble and acceleration of inflation.. It is reported by TASS.

This is the first time such statements have been made at a high level..

According to Nabiullina, with a significant drop in Russian oil exports, pro-inflationary pressure will arise due to a contraction in the trade balance and a weakening of the ruble..

“Much depends on how much oil can be redirected to other markets, as well as on the extent to which the decline in volumes is offset by the price. This, in turn, will be determined by the alignment of infrastructural and logistical problems and demand in new markets,"

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Recall that earlier the heads of state and government of the EU countries agreed on the sixth package of sanctions against Russia, which includes, in particular, a partial embargo on the import of Russian oil and the disconnection of Sberbank from the international interbank system for transmitting information and making payments SWIFT.

The ban on oil purchases will come into effect six months after the imposition of sanctions, on the import of petroleum products - eight months later. The embargo will affect tanker deliveries and will not affect the Druzhba oil pipeline.

Currently, Russia is reducing output in industries where the role of exports is high, as well as in companies dependent on imported components..

According to the Fitch Ratings agency, the energy sector of the Russian Federation suffers significant losses from the sixth package of sanctions.