It is necessary to develop strategic decisions for the Russian economy, said the Chairman of the Bank of Russia Elvira Nabiullina at the congress of the Association of Banks of Russia, RBC reports.

“The time of tactical decisions is coming to an end and now it is strategic decisions that have to be worked out,” the Central Bank head said.

According to her, after the introduction of Western sanctions, the first months were the time of tactical decisions, measures were aimed at combating those problems that arose, as it is called, here and now.

“As a result, we managed to protect financial stability and prevent the inflationary spiral from unwinding,” she said.