"The ruble has ceased to be a freely convertible currency with the sweeping sanctions. In terms of currency policy, this throws Russia back to the early 1990s and the time before the country's comprehensive economic opening."
Bank of Russia reassures the world after Putin banned Russians' payments of hard currency to foreigners, including payments made "in connection with loan agreements."
Concrete steps taken today can help mitigate the impact the crisis will have on your organization. They can also lay the groundwork for long-term improvements in key treasury processes.
Corporate concern regarding high turnover's impact on cybersecurity varies, but it's clear that remote employees moving through a company's revolving door pose a risk.
While it is difficult to predict how U.S. sanctions will evolve, this article lists three areas on which to keep watch, as well as guidance on how best to promote sanctions compliance.
Fed and ECB strategy of moderation is fraught with risks. Still, one Fed president says, "abrupt and aggressive action can actually have a destabilizing effect on growth and price stability. The most important thing is to be measured at our pace."
