JRL NEWSWATCH: “Russia’s financial authorities are putting the economy on an ‘economic war’ footing as sanctions bite” – bne Intellinews/Vadim Dumes/Ben Aris

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“The sanctions[-]based assault on Russia by the U.S. and its expanding sanctions regime is starting to take its toll as the Russian government and financial authorities [are scrambling] to manage the damage … affecting everything from corporate profits to foreign currency reserves. Earlier this month … The Central Bank of Russia (CBR) said it will stop its regular foreign currency purchases on [the] domestic market from August 23 until the end of September 2018 … Russian assets are com[ing] under mounting sanction pressure and investors are getting increasingly nervous … A weaker ruble and lower grain harvest forecast might lead to revised inflation target[s] … “

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