Central Bank of Russia
Elvira Nabiullina, Head of the Central Bank, Is Guiding Russia’s Economy
“She’s well-trusted in the government and by the president,” said Sofya Donets, an economist at Renaissance Capital in Moscow who worked at the central bank from 2007 to 2019. In recent years, it was quite evident that all kinds of policy questions in the financial sphere were delegated to the central bank, she added. This […]
Know More
Amid Sanctions, Putin Reminds the World of His Own Economic Weapons
LONDON — In the five weeks since Russia invaded Ukraine, the United States, the European Union and their allies began an economic counteroffensive that has cut off Russia’s access to hundreds of billions of dollars of its own money and halted a large chunk of its international commerce. More than 1,000 companies, organizations and individuals, […]
Know More
Western Sanctions Aim to Isolate Putin by Undermining the Ruble
By targeting Russia’s central bank with sanctions, experts said, American and European leaders have taken aim at what could be one of President Vladimir V. Putin’s greatest weaknesses: the country’s currency. In Russian cities, anxious customers started lining up on Sunday in front of A.T.M.’s, hoping to withdraw the money they had deposited in banks, […]
Know More