Brief: Watching for Russian Financial Instability
At 5.9 percent, inflation is well above the central bank's target.
Background: Even before the pandemic, Russia’s economy was struggling under the weight of sanctions and the low price of oil, which remains Russia’s main export. Though Russia’s gross domestic product contracted less than expected last year and 2021 forecasts are fairly positive, the country’s financial sector is not signaling much optimism. What Happened: Russian President […]