28min chapter

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Sanctions and Russia: Effects, Lessons, and the Future | A History Lab Discussion with Stephen Kotkin | Hoover Institution

Talks from the Hoover Institution

CHAPTER

Russia's Response to Sanctions: Impact on Central Bank and Public

This chapter discusses the response of Russia to sanctions and its impact on the Russian Central Bank and the general public. It highlights the unique strategies implemented by the Central Bank to prevent a bank collapse, which led to the strengthening of the Ruble currency. The chapter also explores the public's acceptance of restrictions due to intensified repression and fear of punishment.

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