The Central Bank or Bank of Russia today established the official rate of the ruble to the dollar to 74.1 rubles per $1 and the euro to 77.4 rubles per euro, thus hitting a new low in value since the 1998 crash Welcome to our column, Russia Update, where we will be closely following day-to-day […]
Following the lowering of the key rate to 11% by Russia’s Central Bank, and with Brent crude continuing to fall, the value of the ruble fell to 63 to the dollar and had only slightly rallied at midday. Welcome to our column, Russia Update, where we will be closely following day-to-day developments in Russia, including […]
Capital outflow from Russia is predicted to reach $100 billion this year, less than last year. Welcome to our column, Russia Update, where we will be closely following day-to-day developments in Russia, including the Russian government’s foreign and domestic policies. The previous issue is here. Special features: – ‘I Was on Active Duty’: Interview with […]
The ruble has taken a tumble again at the news that the Bank of Russia is going to buy up foreign currency. Welcome to our column, Russia Update, where we will be closely following day-to-day developments in Russia, including the Russian government’s foreign and domestic policies. The previous issue is here. UPDATES BELOW Russia This […]
Putin’s raids on the Skolkovo financial center outside of Moscow, and his recent push outlawing state officials from owning foreign assets-including precious metals-are just two of the most recent examples of Putin using anti-money laundering and financial laws as a means of control. The traditional view of anti-money laundering laws is that they are designed […]
