Moscow: Global trade wars have emerged as a new risk that the Russian Central Bank is set to monitor closely, according to Elvira Nabiullina, the head of the central bank, who addressed lawmakers on Wednesday.

According to Namibia Press Agency, Nabiullina highlighted the challenges posed by significant shifts in global trade dynamics. She described these changes as "tectonic" and emphasized the uncertainty surrounding their potential impact on the global economy as well as Russia. Nabiullina stressed the importance of acknowledging this new risk as part of the central bank's strategic considerations.