The fact that the US sanctions (or the threat of) are having a bigger impact on financial markets in Turkey than Russia reflects the latter’s much stronger balance sheets as well as the credibility of its central bank. This should help to limit the macroeconomic fallout for Russia from what could potentially be a significant ratcheting up of sanctions.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services