Topic - Chris Weafer

He also noted that, unlike the European sanctions, the U.S. measures carry the threat of secondary penalties against anyone violating them.

EU heaping more sanctions on Russia to push Putin into Ukraine peace talks →

The central bank will have to juggle inflation and budget concerns and come up with the rate best suited to circumstances, said Weafer.

The ruble is currently in a slump. For the Kremlin, that's a two-edged sword →