Bank of Russia Governor Says She Is Bracing for More Sanctions

Bank of Russia Governor Elvira Nabiullina, who helped the Kremlin absorb the blow from sweeping sanctions over the invasion of Ukraine, said she’s preparing for a strengthening of penalties aimed at the country’s economy.

The restructuring of Russia’s economy is proceeding “quite quickly” as businesses adapt to the sanctions, Nabiullina said in an interview with RBC news published Monday. There’s a temptation to think “we are, as they say, knee-deep in the sea” after weathering the initial storm, though “we must be prepared for increased sanctions pressure,” she said.

The US Treasury announced Friday that it would use sanctions ...