RealTime Economic Issues Watch
Image Source:
REUTERS/Sergei Karpukhin
Featured
Patrick Honohan (PIIE)
Sanctions against the Bank of Russia by the United States, the European Union, and others have jolted the Russian monetary system, forcing authorities to revert to a command-and-control approach largely abandoned in the 1990s. In the wake of its struggle to cope, Russia’s hard-won reputation for monetary and financial acumen, like its reputation for military prowess, is in tatters.
The Peterson Institute for International Economics building is open on a limited basis. Employees and visitors must be fully vaccinated, with a booster shot, and verify vaccination records before entering the building by registering with CrowdPass, a HIPAA-compliant web application service.
Photo Credit:
REUTERS/Sergei Karpukhin
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