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Russia Unplugs Foes, Rewards Friends in Latest Market Reboot

  • Investors from nations that didn’t impose sanctions win access
  • Isolated since invasion, Russia rebuilds its financial system
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Nearly six months after Russia was evicted from much of global finance over the invasion of Ukraine, it’s going it alone by devising a two-tier system severed from adversaries.

The plan emerging from central bank proposals and a gradual unwinding of local restrictions will focus on mobilizing capital at home while catering to jurisdictions it considers friendly.