Press
Showing 1-14 of 14 Items
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'No Other Option': Russia's Unequal Economic Marriage with China
In The News
Since Western countries imposed sanctions on Moscow, bilateral trade between the two neighbours has reached a record $190 billion and the proportion of Russian foreign trade c...
By Elina Ribakova
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Russia’s Economy Is Still Working but Sanctions Are Starting to Have an Effect
In The News
Though they may not have wrought the kind of economic turmoil in Russia initially predicted, analysts say these measures are causing damage and could have deeper impact going ...
By Elina Ribakova & Edward Fishman
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Russia Confounds the West by Recapturing Its Oil Riches
In The News
Russia pumps almost as much oil into the global market as it did before its invasion of Ukraine. With oil prices up, Moscow is also making more money. Demand from some of the ...
By Elina Ribakova
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Biden to Visit a Saudi Arabia That Is Closer to Russia Than Ever
In The News
As President Biden prepares to visit Saudi Arabia, the oil-rich kingdom is closer than ever to Russia and has no plans to disengage from Moscow or help Washington by pumping m...
By Elina Ribakova
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'They're like our nerd warriors': How the Treasury Department is waging economic war on Russia
In The News
Three months into US-led sanctions designed to crush Russia's economy for its war in Ukraine, Russia has appeared surprisingly resilient. The ruble has rebounded and is now wo...
By Elina Ribakova
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Russia slashes rates in effort to cool rouble’s rapid ascent
In The News
Alongside an exodus of foreign companies from Russia, groups including Russia’s biggest carmaker Avtovaz have halted production because of a lack of imported components.“What ...
By Elina Ribakova
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Is the Russian economy stabilizing — or doomed? Both.
In The News
Elina Ribakova, deputy chief economist at the Institute of International Finance, told Grid that Nabiullina’s “very skillful response” is one reason why the economic impact of...
By Rachel Ziemba, Edward Fishman & Elina Ribakova
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4 ways Russia is trying to prove it can live with sanctions
In The News
Mass unemployment, according to Elina Ribakova, deputy chief economist at the Institute for International Finance in Washington, has not appeared yet in Russia, but it is one ...
By Elina Ribakova
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Explainer: Clock ticks down towards a Russian default
In The News
Russia faces its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even thoug...
By Elina Ribakova
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‘We’re going back to a USSR’: queues return for Russian shoppers
In The News
The lines for sugar in Saratov were hard not to compare to the Soviet era, part of a recent run on Russian staples that have revived fears that the Kremlin’s invasion in Ukrai...
By Elina Ribakova
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Boris Johnson Fires a Barrage of Sanctions Blanks
There is no textbook for how to use the only weapon the West really has — sanctions — to help protect Ukraine’s sovereignty. How much pain should the West try to inflict now, ...
By Elina Ribakova
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Inflation could spark new global financial crisis, says Russia’s central bank
In The News
“Against this global setting, the CBR [Russian central bank] did the right thing of getting ahead of inflation with hikes,” said Elina Ribakova.Read the full story and more fr...
By Elina Ribakova
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Russia Stumbles in Bid to Fight Global Price Surge With Duties
In The News
Russia’s answer to the surge in global commodity prices has been a mass experiment with duties, export curbs and price controls. It’s not working. Inflation has spiked to the ...
By Elina Ribakova
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Russia Cuts Dollar Holdings From $119 Billion Wealth Fund Amid Sanctions
In The News
Russia said it will eliminate the dollar from its oil fund to reduce vulnerability to Western sanctions just two weeks before President Vladimir Putin holds his first summit m...
By Elina Ribakova
