Economy in crisis: Russia hit hard by international sanctions | DW News
Russia's intensifying war in Ukraine has prompted unmatched financial sanctions versus the nation. Over the weekend, Russian banks were even more cut off from the global monetary system. Some have actually been excluded from the SWIFT payments system while moves have been made to stop the Russian central bank using its $630 billion (EUR562 billion) of foreign reserves. The sanctions are by far the most severe to have actually been leveled at Russia since the country invaded Ukraine last week. The nation's increasing financial and political seclusion is currently causing significant effects…
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