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Looks like a reasonable response to "freezing" (read, seizing) assets of the Central Bank of Russia and the credit rating downgrades. Not only it plays role of
by fuoqi 5y ago
Looks like a reasonable response to "freezing" (read, seizing) assets of the Central Bank of Russia and the credit rating downgrades. Not only it plays role of deterrence to some extent (destabilize our markets and your investors will suffer), but also significantly limits amount of liquidity which will be able to leave the Russian market, thus helping to support their currency.
- tablespoon 5y ago> Not only it plays role of deterrence to some extent (destabilize our markets and your investors will suffer) IMHO, that's not a bad thing. Investors and companies should be more cautious about getting enmeshed with authoritarian regimes, but they're not going to learn unless their choices blow up in their face.