Emerging Europe Economics

Emerging Europe Economics Update

5 June, 2018

Russia and the sanctions impact

The imposition of more stringent US financial sanctions in April seems to have resulted in a long-lasting premium in Russia’s currency and bond market. But there has been little convincing evidence of an impact on the real economy. And if negative repercussions do filter through, the boost to the public finances from higher oil prices and a weak ruble mean fiscal policy will be able to provide some support.

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