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McDowell Quoted in Business Insider Article on Russian Central Bank Governor Elvira Nabiullina

April 11, 2024

Business Insider

Daniel McDowell

Daniel McDowell

Russia's economy was supposed to implode and collapse after the West slapped it with sanctions over its invasion of Ukraine. But Russian central bank governor Elvira Nabiullina played a key role in stabilizing their sanctions-hit economy.

"Nabiullina has been very effective at stabilizing the Russian economy, despite the enormous economic pressure from sanctions," says Daniel McDowell, associate professor of political science.

"While the standard of living in Russia has declined under sanctions, conditions would likely be much worse were it not for her shrewd decisions," McDowell adds. "I think it is fair to say that she is writing the playbook for how to respond to external sanctions pressure."

Read more in the Business Insider article, "Meet the woman who engineered Russia's wartime economy and helped secure another term for Putin."

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