The cause of Russia’s “Black Monday” was readily apparent: the government bailout of state-owned Rosneft, the country’s largest oil company. Usually, bailouts calm markets; but this one recalled early post-Soviet experiments, when the CBR issued direct loans to enterprises – invariably fueling higher inflation.
俄罗斯“黑色星期一”的原因是显而易见的：政府对俄罗斯最大石油公司、国有的俄石油（Rosneft）实施援助。通常援助会安抚市场；但这一回援助让人想起了后苏联时代初期的实验——CBR向企业直接提供贷款，导致通胀急速升高。时任CBR行长格拉什琴科（Viktor Gerashchenko）一度被称为全世界最差的央行行长。