The hectic moves were the first signs that Western sanctions were shaking the foundations of Russia’s economy.
Tag: Central Bank of Russia
How Putin Has Prepared Russia’s Economy for Sanctions
Since paying the price for annexing Crimea in 2014, Russia has tried to make its economy sanctions-proof, hoarding currency to insulate the country.
Sanctions on Russian Debt Are Called a ‘First Salvo’ That Sends a Message
The curbs on U.S. banks’ purchases of some bonds apply to a small portion of the market but could signal a sharper aim at Russia’s access to global capital.