The issue of deadly racism in the USA has been brought to the attention of …
Read More »Don’t ignore the exchange rate: How a strong ruble can shield Russia
As the Russian ruble began its recovery in March from a sanctions-induced collapse following the Kremlin’s invasion of Ukraine, Western governments began arguing that the exchange rate shouldn’t be used as an indicator of the effectiveness of their sanctions. The Russian financial system may have withstood the initial shock—but a …
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