“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 […]
Ruble (Currency)
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Back to news homeS&P Global Places Russia in ‘Selective Default’
S&P Global has placed Russia under a “selective default” rating after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles.The ratings […]
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 […]
Ukrainian Invasion Adds to Chaos for Global Supply Chains
And if the conflict is prolonged, it could threaten the summer wheat harvest, which flows into bread, pasta and packaged food for vast numbers of people, especially in Europe, North […]
Russians Face Sanctions and Anxieties of a Costly War
MOSCOW — For two decades under President Vladimir V. Putin, Russians reaped the bounties of capitalism and globalization: cheap flights, affordable mortgages, a plethora of imported gadgets and cars.On Monday, […]
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 […]