Currently there is no description available for Rachel Ziemba.
“Over time, Putin was able to find workarounds. One of the workarounds was Putin's decision to pursue selective de-globalization. Even at its most open, Russia was closed off to foreign capital. Putin's other gamble was to forego growth of the Russian economy. By putting off investments and maintaining a tight monetary policy, Russia's balance sheet (including $630bn in foreign currency reserves) looked strong in the lead up to the Ukraine invasion, providing it with an early buffer for any upcoming economic pain.”
28 Feb 2022
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