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Elvira Nabiullina managed to rescue the rouble after Russia invaded Ukraine, but capital controls, a deep recession, and a vulnerable financial system promise more turbulent times ahead.
The woman steering Russia’s war economy
By attacking Ukraine, Russia is endangering its future as an oil and gas exporter.
Russia recorded the largest current-account surplus since at least 1994, as revenues from oil and gas exports surged and imports plunged after the U.S. and its allies imposed sanctions over President Vladimir Putin's invasion of Ukraine. The...
After a historic collapse in the wake of Russia's military offensive in Ukraine, the ruble has staged a spectacular bounceback, supported by strict capital controls and energy exports.