Posts by David Szakonyi

David Szakonyi 05-15-2019
(Point & Counterpoint) Through all the gloom of Russia’s stagnating economy, one bright spot has been the prudent macroeconomic policy coming from the Central Bank. Under the leadership of Elvira Nabiullina, Central Bank policymakers have helped navigate the country through the treacherous waters of international sanctions, volatile oil prices, and downward pressure on the ruble. Perhaps, more importantly, they have overseen a widespread cleanup of...
David Szakonyi 05-13-2019
2Elvira_Nabiullina_2017.jpg Elvira Nabiullina was appointed head of the Russian Central Bank in 2013 with a mandate to clean up Russia’s deeply fraudulent banking sector. (source) ► Banking has increasingly become nationalized in Russia, raising concerns that all private banks may be forced from the market within 10 or 15 years. In the short run, this consolidation enables the government to continue funding its...
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David Szakonyi 02-06-2018
(Russia Matters) This week’s highly anticipated news on additional Russia sanctions landed with a thud. For weeks, both Moscow and Washington had been astir about the impending steps the Trump administration would take against Russia based on legislation reluctantly signed by the president nearly six months ago and overwhelmingly supported by Congress. The law, called the Countering America's Adversaries Through Sanctions Act, or CAATSA, called for three...

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