Sanctions against Russia adopted in the summer of 2017 will result in aggravation of long-term foreign exchange funding for the Russian economy, in an increase of short-term financial resources in the market and intensification of the speculative nature of Russia’s financial market. The article considers some of the possible measures that Russian regulators and businesses need to take in order to ensure market stability and minimize the negative effects of sanctions for themselves.
Author page: Mikhail Ershov
The article presents new approaches to foreign exchange and monetary policy required for progressive changes in the economy. It examines the features of the foreign exchange market formation in terms of exchange rate volatility, ruble depreciation, interest rate instability. The paper analyses advantages and disadvantages of weak and strong ruble, both in terms of the Russian economy development and in geo-economic context.