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Sergei Guriev

Sergei Guriev

Sergei Guriev, a former chief economist of the European Bank for Reconstruction and Development and former rector of the New Economic School in Moscow, is professor of economics at Sciences Po.
Sergei Guriev, a former chief economist of the European Bank for Reconstruction and Development and former rector of the New Economic School in Moscow, is professor of economics at Sciences Po.
Languages Spoken:
English

The rouble’s depreciation has highlighted just how much pressure the war in Ukraine – and the sanctions imposed in response – has placed on Russia’s economy. While the sanctions are clearly working, Putin’s continued ability to fund his war shows more must be done.

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The rouble’s return to its pre-war exchange rate with the US dollar should not be mistaken as a sign of its resilience. Its recovery is a reflection of unprecedented restrictions on imports and higher oil and gas prices, which will become drags on the Russian economy.

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Related Topic
Ukraine war