https://www.scmp.com/rss/512346/feed Sergei Guriev, a former chief economist of the European Bank for Reconstruction and Development and former rector of the New Economic School in Moscow, is professor of economics at Sciences Po. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Within days of Russian President Vladimir Putin’s full-scale invasion of Ukraine 18 months ago, the West imposed unprecedented sanctions on Russia’s central bank, freezing hundreds of billions of dollars of its assets. The rouble plummeted, reaching a record low of 150 to the US dollar 10 days after the invasion. But, after the central bank imposed currency and capital controls, the rouble bounced back. Russia’s leaders have less to celebrate today. The rouble exchange rate offers the most... https://www.scmp.com/comment/opinion/article/3231997/how-west-can-increase-its-chokehold-russias-economy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3231997/how-west-can-increase-its-chokehold-russias-economy?utm_source=rss_feed Wed, 23 Aug 2023 07:30:08 +0000 After plummeting in value following Russia’s invasion of Ukraine, the rouble has clawed its way back to its pre-war levels. But this should be of little comfort to the Kremlin because the factors that drove the rouble’s rebound augur additional problems for Russia’s economic performance. The West has exhibited almost unprecedented unity and resolve in its response to Russian President Vladimir Putin’s war on Ukraine. Within just three days of the invasion, Western governments had frozen much of... https://www.scmp.com/comment/opinion/article/3174210/how-russias-rouble-rebound-masks-real-threat-its-economy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3174210/how-russias-rouble-rebound-masks-real-threat-its-economy?utm_source=rss_feed Thu, 14 Apr 2022 14:00:24 +0000