Tag: Russian Central Bank
The cynic in me says the foot-dragging by the Bank of Russia is the final vestige of US infiltration in Russia’s institutions rearing its ugly head. That fight is ongoing, but the recent drops in the benchmark rate are a good start.
Russia has ensured that it is protected against economic trials and tribulations, financial crises, punitive measures, and other menaces.
Putin’s response to what he called “creative babbling” was that Europe should get to work with Russia working out their common interest. There are common interests, and Putin sees them, but, as the G7 statements make clear, the G7 sees only a Russian enemy.
An article by Robert Berke in oilprice.com, which describes itself as «The No. 1 Source for Oil & Energy News», illustrates how interest groups control outcomes by how they shape policy choices.