Russia suffers an onslaught of Western sanctions with a historic fall in the ruble | Economy

Russia suffered on Monday the onslaught of the new Western sanctions, which put the Central Bank in the spotlight and include the expulsion of several banks from the SWIFT system, which resulted in the collapse of almost 30% of the ruble and forced Moscow to draw its arsenal to ensure financial stability.

In the early hours of the morning, the ruble collapsed in the Forex market against the dollar and the euro by almost 30%, a drop not seen since at least 1993 and 1994, respectively, something that the words of the Kremlin or the measures could not change either. urgently borrowed by the Bank of Russia.

–