Nabiullina assessed the impact of UAV attacks on inflation in Russia

Ukrainian drone attacks on supply chains have not yet had an impact on inflation in Russia. This is how Elvira Nabiullina, Chairman of the Central Bank of Russia (CBRF), assessed the situation.

At a press conference following a meeting of the regulator’s board of directors, she stated that the impact on inflation of UAV attacks on supply chains is now quite low, literally insignificant.

On September 11, the Board of Directors of the Bank of Russia decided to interrupt the cycle of monetary policy easing (MPE), which had been ongoing since June 2025. The regulator kept the key rate at 14 percent per annum.