Skip to main content

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.

Continue reading...

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

Comments

Post a Comment

Popular posts from this blog

England booed off after failing against Iceland once more in Euros warm-up

It was a long way from being the triumphant Euro 2024 send-off for Gareth Southgate and his England players at a sold-out and increasingly fretful Wembley. Never mind the result because it was not the main thing, however much it stirred memories of you-know-when against Iceland. It was the performance that raised the difficult questions, the worst one for quite some time and at exactly the wrong time. The home fans, thousands of whom made for the exits before the end, were forced to watch the second half – from about minute 55 onwards – through the gaps between their fingers. And it had not been great before that. Continue reading... from The Guardian https://ift.tt/4ndfQL0
Post a Comment
Read more

Covid-19 cases in England 'must fall to ease NHS pressure'

Imperial College study notes decline in week to 22 January but fall is slower than in first national lockdown Coronavirus – latest updates See all our coronavirus coverage Cases of coronavirus have started to decline in England but must fall faster to relieve pressure on the NHS, scientists behind a Covid infection survey have warned. Researchers at Imperial College London analysed more than 160,000 swabs taken between 6 and 22 January and found that while cases fell nationally in the past week the rate was not dropping swiftly enough to reduce strain on the health service. Continue reading... from The Guardian https://ift.tt/36ggn4E
Post a Comment
Read more

Trump to campaign in 4 states - including in Biden's hometown - during week of Democratic National Convention

Trump plans to hold a series of events next week in Pennsylvania, Wisconsin, Minnesota and Arizona as Democrats nominate Joe Biden for president.             from USATODAY - News Top Stories https://ift.tt/3al6qn7
Post a Comment
Read more