Most central banks expect sanctions on Russia to have a long-term effect

Trend is weaker in Europe than in the Americas, Asia-Pacific and Africa

A majority of central banks expect the sanctions on the Bank of Russia to have a long-term effect on reserve management, data from the Reserve Benchmarks 2022 shows.

Out of 41 respondents, close to 59% think it will have a long-term effect. In contrast, over 41% said sanctions will not have a lasting impact on reserve managers globally.

Perceptions about how sanctions will impact reserve managers over time vary strongly across continents. For instance, central banks in Europe are less likely

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