Part 7/9:
- Economic Resilience: Conversely, analysts like Adam Tws argue that while the situation isn't ideal for the Kremlin, it does not constitute an imminent crisis. They suggest that the Russian Central Bank is adept enough to handle credit risks and bank runs, possibly by providing liquidity to affected institutions. Historical context supports this view, notably Russia’s response to the 2008 financial crisis, where fiscal stimulus programs mitigated potential upheaval.
Furthermore, because of existing sanctions, Russia operates as a relatively closed economy, reducing risks associated with significant capital flight that could otherwise trigger an economic meltdown.