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Moscow braces for market meltdown Monday as new sanctions hit

Rouble expected to plunge in first day’s trading since Swift ban and other unprecedented measures enforced

Moscow is bracing for economic panic as markets open on Monday morning, with the value of the rouble expected to plummet after the US and European Union announced unprecedented sanctions over the weekend.

Those measures targeted the Russian central bank, which has intervened to prop up the value of the rouble following Vladimir Putin’s order to invade Ukraine. They also marked the first time Russian banks have been excluded from the Swift international payments system.

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from The Guardian https://ift.tt/RLZSWeQ
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