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The sanctions story: just starting for Russia, nearly over for Cuba


Business Line

The sanctions story: just starting for Russia, nearly over for Cuba

Russia’s President Vladimir Putin has been trying to ease fears over the country’s economy. The rouble issue was very nearly the most popular topic at his annual end-of-year news conference.

No surprise after the currency hit a record low against the dollar and the euro.

The central bank and the Finance Ministry moved to support the rouble, while the Russian people rushed to the shops to buy things they might not be able to afford in a few days.

We looked for clues in Putin’s answers, and discussed them with Angus Campbell from FxPro immediately after the news conference.

If for Russia the sanctions problems are just starting, for Cuba they are close to over.

In Washington and Havana, Presidents Barack Obama and Raul Castro informed their citizens – at the same time – that from now on
relations between Cuba and the US will change.

For the stories watch our last Business Weekly of 2014

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It's not over till it's over