In , Tom Pepinsky, the Walter F. LaFeber Professor of government, writes that Russian president Vladimir Putin doesn’t have good options if he wants to stop a bank run.
“Earlier today, Russia’s central bank announced that the country’s currency, the ruble, was fully liquid. Normally, central banks do not need to reassure currency holders this way,” . “But these are not normal times in Russia. Having launched an invasion of Ukraine just a few days ago, Russia faces some of the strongest financial sanctions that any country has faced in modern history.”
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