Russia

On the economic front, Russia is hashing out a strategy for countering the capital outflows, with officials disagreeing on the best approach. Governor Elvira Nabiullina said she opposed stiffer restrictions because companies can bypass measures such as mandatory currency sales. Finance minister Anton Siluanov, who advocates a tougher approach, acknowledged the differences. For now, it likely means that Russia will try to cope with the weakening ruble without curbing the movement of capital.