Bernstam, Michael S. - 2007
The conjunction of oil and Russia's economic recovery in 1999-2004 links many themes. On September 16, 1998, the … Central Bank of Russia mandated repatriation of 50 percent of foreign exchange revenues. On December 31, 1998, it raised the …, world oil prices started to climb. The Central Bank of Russia subsequently reduced the mandated repatriation rate from 50 to …