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The response to Russia’s invasion of Ukraine a month ago was fast and damaging to the country’s economy. Sanctions placed on Russia by the United States and its partners forced the ruble’s value to crumble and the Central Bank of Russia to close the country’s stock market. Despite the economic hit, Russia is still receiving a lot of foreign currency through its oil and gas sales. Also, there are concerns that Russia might find loopholes to the sanctions — like trading gold with neutral countries.
Today, we examine the current state of the economic war in our indicators of the week. One examines the reopening of the Moscow Exchange and another dives into the latest sanctions package placed on Russia by the United States.