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Russia-Ukraine War | Russian Economy Can Cripple Amid Heavy Sanctions | Latest News
Posted
February 28, 2022
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3:49Now PlayingAmid the worsening situations in Ukraine due to the prevalent war initiated against it by Russia, efforts of crippling Russia's economy are getting intense. Various Russian banks are already being barred out of SWIFT and many more might face similar actions. The US has already put a blockage on major Russian banks. Meanwhile, United Kingdom's major energy giant, BP has also decided to exit the Russian oil firm. All these sanctions imposed on Russia are expected to adversely affect its economy. These sanctions have already reduced the value of Russian currency by 30% that has forced the Central Bank to push interest rates by 20%
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