Sanction fallout. U.S. investment banks Goldman Sachs and JPMorgan Chase are buying bonds from Russian firms like Gazprom and Russian Railways as they plummet in value. The Russian State Duma also allowed funds from the National Wealth Fund totaling 13.6 trillion rubles ($121 billion) to be invested in government securities and shares of Russian companies. […]
Daily Memo: Fallout From Sanctions on Russia
The Bank of Russia is increasing the amount of cash in circulation.
