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Russia Central Bank
Russia Central Bank
Executive Summary:
- Russia’s impressive war chest of sanctions dampers, earning it the nickname “Fortress Russia,” has thus far, shielded it from a notable impact from Western sanctions, but the impact of economic isolation will be felt more aggressively on a longer time scale
- Sanctions from the West have targeted banks, defense companies, tech exports, international fundraising, Nord Stream 2, duma & state officials and Oligarchs, but have fallen just short of SWIFT as this would cause damage to EU economies as well.
- Isolationism in in a globalised system, alongside funding difficulties and socio-political risks from a protracted insurgency, pose risks to Russia over the longer-term. However, Russia's pivot to China may soften the blow.
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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