In just one week, Western financial firms severed practically every artery of money between Russia and the rest of the globe. In some cases they went further than what sanctions required.
Western financiers severed practically every artery of money between the country and the rest of the globe, in some cases going beyond sanctions
Manezhnaya Square in Moscow. Analysts expect Russia’s economy to contract as much as 20% this quarter.Two weeks ago, Russia’s companies could sell their goods around the globe and take in investments from overseas stock-index funds. Its citizens could buy MacBooks and Toyotas at home, and freely spend their rubles abroad., another war began to isolate its economy and pressure President Vladimir Putin. The first move was made by Western governments to sanction the country’s banking system.
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