"In principle, I support the idea of having Central Bank representative offices in the largest partner countries," he told reporters.
Chistyukhin noted that a continuous dialogue with foreign regulators can only be maintained if there are people on the ground who know local specifics, speak the language, and are ready to promptly discuss various issues, including confidential.
The COVID-19-related restrictions showed that occasional business trips cannot serve as a viable alternative to permanent representation, he added.
In 2017, the Russian Central Bank opened its first representative office in Beijing.