How sanctions are pinning down the Russian economy
From npr.org
Last week, the head of the Russian central bank, Elvira Nabiullina, walked up to a microphone to the sound of cameras snapping. She had some bad news for her nation. "The conditions for the Russian economy have altered dramatically," Nabiullina said in Russian. "The new sanctions imposed by foreign states have entailed a considerable increase in the ruble exchange rate and limited the opportunities for Russia to use its gold and foreign currency reserves." Translation: facing one of the harshest sanction campaigns against any nation in modern history, Russia is in for a world of hurt. To save the Russian currency ...
(full story)