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Get genuine Office Learn more Question 5- Current Affairs. Russia /Ukraine. The current unrest in Ukraine and the isolation of Russia have crippled the financial market in both countries. The stock in Russia is closed and the central bank has increased interest rates to protect the financial market. Your responses must be financially focused and not political. As the president of the Central Bank of Russia discuss the measures you would employ to protect the further devaluation of the ruble. Today 1 Russian ruble =CAD $.012 a. Discuss measures the Central Bank of Russia can employ to protect the Ruble (Russian currency) from further devaluation b. Discuss what measure the Central Bank of Russia can employ to manage the current money supply. c. The stock market in Russia has not traded since the start of the Ukraine invasion, is this the correct decision, explain? d. Russia is expelled from the global payments network known as SWIFT, making it very difficult for them to process overseas transactions. Are MNC existing in Russia because of the sanction or are they protecting their reputation? Explain e. Assume Russia emerges out of isolation which exchange rate systems can the Central Bank of Russia employ to stabilize/ increase the value of the ruble (fixed, floating, managed to float, or peg). Discuss each and recommend a strategy for Russia. Explain your decision Its (Ctrl)